FuboTV closed the fourth quarter with a record 1.13 million subscribers

Sports-first live TV streaming platform fuboTV announced its financial results for the fourth quarter and full year ended December 31, 2021. In detail, the company closed 2021 with 1.13 million total paid subscribers, up 106% from the prior year, and it added 185.000 net subscribers in the fourth quarter. Financially speaking, the firm delivered record annual revenue of $638 million total revenue in 2021, including $1 million impact of the December 2021 acquisition of Molotov. Excluding Molotov, fuboTV’s total annual revenue was $637 million, an increase of 144% over 2020.

FuboTV also achieved record year-over-year (YoY) growth during the fourth quarter of 2021, including: $231 million total revenue, including $1 million impact of Molotov; $230 million total revenue, up 119% YoY, excluding Molotov; $26.1 million advertising revenue, including $0.2 million impact of Molotov; and $25.9 million revenue, up 98% YoY, excluding Molotov.

At the same time, fuboTV customers streamed 404 million hours of content during the quarter, a 96% increase year-over-year. These milestones exceeded the preliminary fourth quarter 2021 results announced on January 10, 2022: 1.1 million plus paid subscribers, $215-220 million total revenue and over $25 million in advertising revenue.

“FuboTV delivered a record fourth quarter and full year across a number of our key financial and operational metrics. Engagement continues to be strong as we add differentiated content to our offering and focus on innovating our product to meet consumer preferences and drive a premium experience. Our expansion into real-money wagering is underway with the launch of Fubo Sportsbook across two states with additional states expected to follow this year. This launch represents a differentiated and industry-first integration of streaming and a sports wagering product and we see ourselves in the very early innings of a massive opportunity,”  said David Gandler, Co-founder and CEO of fuboTV.

“Our fourth quarter closes out an extraordinary year defined by delivering triple-digit year-over-year growth in total revenues, advertising revenues and subscriber growth all while continuing to expand adjusted contribution margin. Within the year, we achieved several important milestones, representing meaningful advancements towards our mission to build the world’s leading global live TV streaming platform with the greatest breadth of premium content, interactivity and integrated wagering. Our progress over the course of 2021 further fortifies our position to continue to execute on that mission in 2022,”  added Edgar Bronfman Jr., Executive Chairman at fuboTV.