Fubo TV Q4 Revenue Up 36%, Yearly Ad Revenue To $100M, Net Losses Stable

Amid strong subscriber growth and higher-than-expected revenue, sports-focused pay TV provider FuboTV witnessed a plummeting stock price -- down 16% in early-morning Monday trading.

The news was initially positive, with the company's net losses and adjusted cash flow stabilizing versus the fourth quarter in the same period a year ago. That led to a brief pre-market rise in its stock price.

FuboTV had a net loss of $95.9 million with a negative adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) at $75.4 -- roughly the same as in the prior year ago period.

Fubo TV's full-year net loss was $561.9 million.

Revenue for the quarter was up 36% to $312.1 million, with the average monthly revenue per user inching up 4% to $75.20. Advertising revenue was 30% higher to $33.6 million.

For the year, the company passed $1 billion in revenue for the year and $100 million in advertising revenue.



Subscribers were up 29% year-over-year to 1.45 million subscribers in North America, and now at 420,000 subscribers in international markets, double that of year before.

In some areas of the sports TV marketplace, industry concerns have mounted -- including regional sports networks, some of which are carried on virtual pay TV providers like FuboTV -- having financial concerns due to cord-cutting by subscribers and other issues.

This includes Diamond Sports Group Ballys-branded RSNs as well as AT&T SportsNet -- two groups that have endured major financial and cash flow issues.

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