Fubo TV Achieves Record Subscribers and Revenue in 2024, Outpacing Hulu + Live TV

Fubo, the popular online service that focuses on sports, just wrapped up 2024 with some impressive numbers. They hit a record high of 1.67 million subscribers in North America and made a whopping $1.59 billion in revenue ending December 31st, 2024. This is up from 1.61 million subscribers and $1.34 billion in revenue the previous year.

Their French live TV streaming service called Molotov, which they acquired in 2021, finished the year with 362,000 subscribers, a slight dip from the 406,000 subscribers in 2023. But their revenue still saw a solid 12.1% growth from $8.4 million to $9.4 million.

Fubo managed to significantly reduce its net loss for the full year by nearly 40%, dropping down to $177.1 million from $293.1 million. Even in the fourth quarter, the net loss was slashed by 42% to $40 million from $71 million.

Early this year, Fubo announced a big $220 million deal with major media companies like Disney, Warner Bros. Discovery, and Fox Corp. This deal involved Disney acquiring a 70% stake in Fubo, with plans to secure a $145 million loan for them in 2026. Disney also hopes to work together with Fubo’s team to create the biggest online virtual MVPD TV subscription service in North America, with a customer base of 6.2 million subscriptions.

David Gandler, Fubo’s Co-founder and CEO, shared his excitement about the future collaboration with Disney’s Hulu + Live TV. He mentioned their goal is to grow the business, enhance their sports content offerings, and bring some healthy competition to the industry. Keep an eye out for more updates as this partnership unfolds.