• by Wayne Friedman , August 4, 2023

Sports-focused virtual pay TV platform FuboTV shot up 41% in revenue to $305 million in the second quarter for its North American operations --  largely from 23% more subscribers, now at 1.17 million.

Advertising sales moved up just 5%, “despite headwinds across ad budgets,” says the company shareholder letter, which adds: “We expect to see an acceleration in the back half of the year.”

Live, linear sports TV program sellers have seen a slightly better marketplace in comparison to those scripted and unscripted entertainment programming-focused TV sellers.

FuboTV was able to trim its net losses and negative cash flow during the period. 

Net losses narrowed 43% to $54.2 million, while adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) improved 56% to a negative $30.5 million.

Fubo says its closely watched and analyzed average revenue per user per month (ARPU) grew 13% to $81.62.

FuboTV has seen mostly similar results for its international business -- up 14% in subscribers (t0 394,000), with revenue improving by 40% ($8.2 million) and ARPU 16% higher ($8.91).

Next quarter, FuboTV expects company-wide revenue of around $275 million, with subscribers growing to $1.33 million.