fuboTV's Q3 was the strongest in its history, with subscription revenue growing 64% year-over-year, ad revenue growing 153% year-over-year, and ending the quarter with 455,000 paid subscribers. The company exceeded targets in key metrics due to a heavy sports calendar, busy news cycle, and Hollywood’s fall entertainment season. The outlook for Q4 is also solid.
Subscription revenue grew 64% year-over-year.
Advertising revenue grew 153% year-over-year.
Ended the quarter with an all-time high of 455,000 paid subscribers.
fuboTV intends to expand into the online sports wagering market.
fuboTV raised Q4 guidance and expects revenues to be $80-85 million, a 51% to 60% increase year-over-year. They also expect to end the fourth quarter with 500,000-510,000 paid subscribers, an increase of 58% to 62% year-over-year. Full year 2020 revenue is expected to be $244-248 million, an increase of over 65% year-over-year. Full year 2021 revenue is expected to be $415-435 million, an increase of over 70% year-over-year.
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