fuboTV released its Q2 financial results today, announcing that the live TV streaming service has reached 681,721 total subscribers, a 138% increase year over year.
Engagement also reached all-time highs with fuboTV customers
streaming 245 million hours of content during the quarter, a 148% increase
“fuboTV delivered a strong second quarter of 2021 across all
of our key financial and operational metrics: subscribers, total revenue and
advertising revenue,” said David Gandler, co-founder and CEO, fuboTV.
“Engagement also reached record highs as we added exclusive sports streaming
rights with CONMEBOL and began beta testing predictive, free-to-play gaming
integrated into our streaming platform ahead of our expected launch this fall.
Our Fubo Sportsbook with real-money wagering remains on track for a fourth
quarter launch as we intend to further combine interactivity with streaming video.
Our plans to launch a holistic and personalized user experience is evidenced by
our sportsbook, which we’re excited to preview on our earnings call this
“We are very pleased with fuboTV’s performance in the first
half of 2021 and believe that we are well positioned to continue to execute on
our long-term financial and operating goals, all while delivering a
differentiated and world-class experience to the consumer,” said Edgar Bronfman
Jr., executive chairman, fuboTV. “Our second quarter results showcase the
continued momentum in our business, with consumers choosing fuboTV over more
expensive legacy pay TV services due to our innovative product experience and
customer-friendly approach at an affordable price.”
Source: Cord Cutters News