fuboTV announced that they have reached all-time records going into the fourth quarter — including exceeding an annual run rate (ARR) of $100 million in September 2018, as well as surpassing company records for average revenue per user (ARPU), paid subscribers and time spent per subscriber, with double- and triple-digit, year-over-year growth across all of the above.
September 2018 Results
- ARR: $102 million (+259% year-over-year) in September 2018 vs. $28 million in September 2017
- ARPU: $40 (+80% y-o-y) in September 2018 vs. $22 in September 2017
- Paid subscribers: ~250K (+100% y-o-y) in September 2018 vs. 100K in September 2017 (incline 30K net adds in Q3)
- Time spent per user: 51 hours (+364% y-o-y) in September 2018 vs. 11 hours in September 2017
- App downloads: 752K total downloads (+418%) as of September 2018 vs. 145K total downloads as of September 2017
David Gandler, CEO of fuboTV shared:
“What our team of less than 150 employees has built – from the ground, up, despite our competition having access to tens of thousands of engineers alone – impresses me every day, and it should put the streaming TV industry on notice. Our September results and year-over-year growth are proof of our success. We have and will continue to deliver the most optimal quality experience for our customers and strong value to our investors, as we take the company to the next level.”
The company’s growth comes as they became the first vMVPD to offer their 4K HDR Beta which streams 4K broadcasts of NCAA college football, MLB playoffs, English Premier League soccer. They company shared that they expect 4K entertainment content to come soon.
Additionally, fuboTV launched dynamic ad insertion in January 2018. Since then, thousands of brands have advertised on fuboTV, with ad revenue growing 84% from Q1 to Q2. The company was the first to fully implement SCTE 224 blackout technology standards; and was among the first to launch Cloud DVR, 60FPS picture quality, in-app billing and more.