Fubo's Q1 2023 showed strong performance, exceeding guidance with 22% year-over-year growth in subscribers and 34% revenue growth in North America. The company also improved cash usage and strengthened its balance sheet, ending the quarter with $364.8 million in cash and cash equivalents. Fubo is confident in its ability to achieve positive cash flow in 2025.
Fubo posted 22% year-over-year growth in subscribers.
North American revenue grew by 34% year-over-year.
Cash usage significantly improved year-over-year.
The company ended the quarter with $364.8 million in cash, cash equivalents and restricted cash.
Fubo projects strong growth for Q2 2023 and raises full-year guidance, reflecting confidence in continued leadership in streaming and a path to positive cash flow in 2025.
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