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Fubo subscriber base falls to 1.167 million during Q2

Revenue dipped 3.6 on a sequential basis to $305 million.

Revenue dipped 3.6 on a sequential basis to $305 million.

A Fubo TV guide listing shows an event for the 2022 FIFA World Cup.
A Fubo TV guide listing shows an event for the 2022 FIFA World Cup. (Graphic by The Desk)

Sports-centric streaming service Fubo said it logged 1.167 million subscribers during the company’s second financial quarter of 2023.

The figure was disclosed early Friday morning as part of the company’s financial earnings report, which covered a three-month period ending June 30.

The subscriber count marked a 25 percent drop when compared to the 1.55 million the company reported in May. On a year-over basis, Fubo’s customer count rose by 23 percent compared to Q2 2022.

Domestic revenue at Fubo fell to $305 million, a 3.6 percent decrease compared to last quarter’s $316.5 million. The company reported a net loss of $54.2 million.

“We are encouraged with our execution in the first half of the year, including posting year-over-year double-digit revenue and subscriber growth in the second quarter, while meaningfully reducing our net loss by $41 million,” David Gandler, Fubo’s CEO, said in a statement. “With an improving ad sales backdrop we remain on track to achieve our 2025 positive free cash flow target.”

Fubo offers more than 100 live channels of sports, cable news, general entertainment, lifestyle and knowledge channels, including those programmed by Comcast’s NBC Universal (NBC, MSNBC, USA, Bravo), Paramount Global (CBS, Comedy Central, MTV, VH1), the Walt Disney Company (ABC, ESPN, FX, National Geographic) Fox Corporation (Fox Sprots 1, Fox Sports 2, Fox News) and more, starting at $75 a month plus taxes and fees.

The service is widely available in the United States and Canada on smart TV platforms, including Roku, Amazon Fire TV, Apple TV and Android TV (Google TV), as well as popular smartphones, tablets and web browsers.

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About the Author:

Matthew Keys

Matthew Keys is the publisher of The Desk and reports on the business and policy matters involving the broadcast television, streaming video and radio industries. He previously worked for Thomson Reuters, Disney-ABC, Tribune Broadcasting and McNaughton Newspapers. Matthew is based in Northern California, has won numerous awards in the field of journalism, and is a member of IRE (Investigative Reporters and Editors).