Fubo released its Q4 2024 and full year financial results today. The streaming service reported 1.676 million subscribers in North America at the end of the quarter, a 3.6% increase year over year. Fubo also closed the fourth quarter with $433.8 million in total revenue, up 8% year over year.
“Fubo continued to deliver on our promise to shareholders in 2024, achieving record total revenue and paid subscribers in North America, as well as significant improvements in Adjusted EBITDA and Free Cash Flow,” said David Gandler, co-founder and CEO, Fubo. “Notable achievements in 2024 included the launch of standalone sports and entertainment skinny bundles as part of our mission to be a Super Aggregator, and expanded availability of our market-first user-configurated Multiview product to Roku devices. We also introduced innovative and interactive connected TV ad formats for brand marketers.”
“As we look ahead to 2025, Fubo remains focused on delivering to consumers an unparalleled streaming experience with multiple and flexible content options at appropriate price points. This is demonstrated by our recently announced business combination agreement with The Walt Disney Company’s Hulu + Live TV and our plans to launch a new Sports & Broadcasting service, both of which we expect to further scale our business, deliver additional compelling sports content to consumers and bring more competition to the industry. We will continue to provide periodic updates as the Disney transaction progresses.”
Can the sports-focused streaming service continue to see subscriber growth despite some recent changes?
Like other live TV streaming services, Fubo recently raised its prices, bringing the base price to $85 per month for the Essential Plan. The Pro plan, which offers the same channels but adds RSNs, now costs $101.99 with the included RSN fee.
In April 2024, Fubo lost Warner Bros. Discovery networks including Discovery, HGTV, Food Network and TLC, among others. Fubo is also notably missing TNT, TBS and truTV from its channel lineup. The missing channels put Fubo at a disadvantage during March Madness, when some games air on the Warner Bros. Discovery-owned channels.