Today Fubo, formerly known as FuboTV, announced that they would report their 1st quarter earnings on May 5th, 2023, at 8 am Eastern.
This comes as expectations for Fubo are high after a strong end to 2022. In February, Fubo announced that they had ended 2022 with 1.8 million subscribers. 1.445 million subscribers from North America up 29% year-over-year, and 420,000 in the rest of the world.
In total, Fubo ended 2022 with$1 billion in annual total global revenue and $100 million in North American ad revenue. Fubo lost about $95.9 million in the 4th quarter of 2022.
Fubo had projected that Q1 of 2023, Fubo‘s subscriber guidance projects 1,140,000-1,160,000 subscribers. In addition, Fubo projected Q1 2023 revenue guidance of $295-$300 million.
For now, we will have to wait and see what Fubo reports but with the rapid growth of cord cutting, many are hoping Fubo is able to hit these numbers.