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fuboTV Reaches 1.1 Million Subscribers to End 2021, Subscriber Growth Over 100%

Jeff Kotuby

It’s earnings time, and fuboTV just announced some preliminary figures from its 2021 fourth quarter.

According to the company, revenue and subscriber metrics are expected to “exceed previously issued guidance resulting in a record quarter and year for fuboTV.”

The company says they will exceed 1.1 million subscribers as of the end of 2021, ahead of the 1.07 million originally projected. fuboTV finished Q3 2021 with 945K subscribers meaning they added just over 150K in Q4 2021 (compared to ~93K the prior year).

Here’s a glimpse at what fuboTV expects to be a stellar ending to a banner year (all figures courtesy fuboTV):

  • Fourth-quarter 2021 total revenue is expected to be between $215-$220 million (an increase of 105%-109% year-over-year. Prior guidance was $205-210 million for the quarter.)
  • Full year 2021 total revenue is expected to be between $622-627 million (an increase of 138-140% year-over-year. Prior guidance was $612-$617 million.)
  • Fourth quarter 2021 advertising revenue is expected to be over $25 million (an increase in excess of 90% year-over-year, and crossing an annual run rate of $100 million.)
  • Paid subscribers at year-end are expected to exceed 1,100,000 (an increase of more than 100% year-over-year. Prior guidance was 1,060,000-1,070,000 subscribers at year-end.)
  • Subscriber Acquisition Cost (SAC) is expected to be at the low end of the company’s target range of 1.0-1.5x monthly Average Revenue Per User (ARPU) for the quarter.
  • Subscriber churn is expected to improve in the quarter by more than 200 basis points year-over-year. This marks the 13th consecutive quarter of churn improvements.
  • fuboTV expects to end the quarter with more than $375 million of cash, cash equivalents and restricted cash.

Fubo’s 2021 was the year of doubling down on sports, which could have played a large part in the company’s success. After all, live sports, specifically NFL games, are the only things people seem to be watching live these days, and fuboTV has made it a mission to provide sports fans with a live TV streaming service catered to them. FuboTV already has just about every sports channel available on their platform, with hints that TNT and TBS, the last remaining networks with major sports on them, could arrive sometime soon.

“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,” said David Gandler, co-founder and CEO, fuboTV. “In the fourth quarter, we continued to deliver triple-digit revenue growth, alongside operating leverage, through the efficient deployment of acquisition spend and the retention of high-quality customer cohorts. This was evidenced by continued improvements in subscriber churn year-over-year within the quarter. This wraps up a phenomenal year where we grew revenue by over 138% while advancing towards our path to profitability. We look forward to discussing our full fourth quarter and year-end 2021 results including Adjusted Contribution Margin, Adjusted EBITDA, EPS, and cash flow on our forthcoming earnings call.”

fuboTV

fuboTV is a live TV streaming service with about 90 channels for $74.99/month. This plan includes local channels, 25 of the top 35 cable channels, and regional sports networks (RSNs). In total, you should expect to pay about $85.98/month, after adding in their RSN Fee.

Due to a carriage dispute, some areas may not see their local CBS affiliate, but rather a national CBS feed.

The streaming service does not carry channels from WarnerMedia-owned (CNN, TBS, and TNT), A+E (A&E, History Channel, and Lifetime), and AMC Networks (AMC, BBC America, and WE tv).

fuboTV also includes MLB Network, NBA TV, NFL Network, NFL RedZone , NHL Network, and beIN Sports (which is not available on most services). You can add Fox Soccer Plus as part of the International Sports Plus add-on for $6/month.

You can add the fubo Extra ($8) to add ~38 channels including Baby TV, Cooking Channel, DIY, and GSN.

fuboTV is a great option for sports fans, especially those who want to stream local sports. They recently announced added Bally Sports RSNs to their channel lineup.

It is the least expensive option to get RSNs in many markets like Altitude, AT&T SportsNet Pittsburgh, AT&T SportsNet Rocky Mountain, AT&T SportsNet Southwest, Bally Sports Arizona, Bally Sports Carolinas, Bally Sports Detroit, Bally Sports Florida, Bally Sports Great Lakes, Bally Sports Indiana, Bally Sports Kansas City, Bally Sports Midwest, Bally Sports New Orleans, Bally Sports North, Bally Sports Ohio, Bally Sports Oklahoma, Bally Sports San Diego, Bally Sports SoCal, Bally Sports South, Bally Sports Southeast, Bally Sports Southwest, Bally Sports Sun, Bally Sports Tennessee, Bally Sports West, Bally Sports Wisconsin, Fox Sports Arizona, Fox Sports Carolinas, Fox Sports Detroit, Fox Sports Florida, Fox Sports Indiana, Fox Sports Kansas City, Fox Sports Midwest, Fox Sports New Orleans, Fox Sports North, Fox Sports Ohio, Fox Sports Oklahoma, Fox Sports Prime Ticket, Fox Sports San Diego, Fox Sports South, Fox Sports Southeast, Fox Sports Southwest, Fox Sports Sun, Fox Sports Tennessee, Fox Sports West, Fox Sports Wisconsin, Marquee Sports Network, MSG, MSG Sportsnet, NBC Sports Bay Area, NBC Sports Boston, NBC Sports California, NBC Sports Chicago, NBC Sports Northwest, NBC Sports Philadelphia, NBC Sports Philadelphia+, NBC Sports Washington, NBC Sports Washington+, NESN, Root Sports Northwest, and SportsNet NY.

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