fuboTV beats expectations with 1.1 million subs

US OTT service fuboTV has amassed 1.1 million subscribers, the company has announced.

The sports-oriented fuboTV serves as a competitor to the likes of Hulu + Live TV and YouTube TV, and provides subscribers with access to traditional broadcasters via an OTT delivery.

In announcing its preliminary fourth quarter 2021 results, the company revealed that its total revenue is expected to be between US$215-US$220 million, an increase of 105%-109% year-over-year. This is better than its prior guidance of US$205-US$210 million.

Paid subscribers at year-end are expected to exceed 1,100,000, an increase of more than 100% year-over-year. This is also higher than fuboTV’s guidance, which was 1,060,000-1,070,000 subscribers at year-end.

The company also revealed an improved level of churn, which is expected to mark the 13th consecutive quarter of improvements in this area.

Commenting on the results, David Gandler, co-founder and CEO, fuboTV, said: “fuboTV’s strong preliminary fourth quarter 2021 results close out a pivotal year where we made meaningful advancements against our mission to define a new category of interactive sports and entertainment television.”

The total subscriber count of 1.1 million however does not factor in French streamer Molotov, which fuboTV acquired in December 2021.

Gandler added: “We are also very pleased with the ongoing integration of Molotov, the Paris-based live TV streaming platform we acquired in December. While still early, our progress to date continues to reinforce our belief that the synergies of the combined companies will give us operating leverage to build a scalable global platform with minimal incremental spend.”