Fubo grows its subscribers and revenue as Disney deal looms

Fubo TV is bringing in more subscribers and revenue but still losing loads of money. Ahead of its proposed Hulu + Live TV merger, the broadcast streaming service increased its subscriber count by about four percent in Q4 2024 and its quarterly revenue by eight percent from a year earlier. And hey, it only lost about $41 million in the quarter, so things aren't too shabby! The streaming service ended Q4 with 1.676 million paid subscribers. That's up from 1.61 million in Q3 and 1.45 million in Q2, so the company is doing something right in attracting new customers. Its total revenue has also grown: nearly $1.59 billion for the year (up 19 percent from 2023) and $433.8 million for the quarter (up eight percent from Q4 2023). Not too shabby! But Fubo is losing boatloads of money — just less than before. It posted a net loss of nearly $178 million for the year, more than enough to ruin most individuals and small- or medium-sized businesses. But since this is corporate America, things are ... Read full article.