Fubo Tops 1.6 Million Subscribers as Disney Merger Reshapes Streaming TV

Fubo reported 1.63 million North American subscribers for its third quarter. This represents a slight increase from the previous year. The announcement comes as the company finalizes a major merger with Disney’s Hulu + Live TV.

The sports-first streamer also revealed a significant reduction in its quarterly net loss. This financial improvement coincides with a strategic push to capture a larger market share. According to Reuters, the streaming landscape is becoming increasingly competitive.

Financial Results Show Path to Profitability

Fubo’s revenue saw a slight decline to $368.6 million. However, the company dramatically cut its net loss. The loss attributable to shareholders was $18.8 million, down from $52.4 million a year earlier.

This improved financial health is a key indicator of the company’s evolving strategy. The focus is now on sustainable growth through new partnerships. The deal with Disney is central to this plan.

Disney Partnership and Market Competition Intensify

The combination of Fubo and Hulu + Live TV creates a streaming giant. Fubo’s CEO, David Gandler, highlighted access to the ESPN ecosystem as a major benefit. This includes ESPN Radio and its digital platforms, offering a new customer acquisition channel.

When asked about Disney channels going dark on YouTube TV, Gandler remained focused on Fubo’s own business. He did not comment on potential subscriber gains from the rival service’s dispute. The company is also expanding with Fubo Sports, a skinny bundle in over 100 U.S. markets. The company’s CFO stated this new service shows no cannibalization of its main product and helps reduce customer churn.

The latest subscriber milestone solidifies Fubo’s position in the crowded streaming TV market. Its strategic merger is poised to create a powerful new entity. The future of live sports streaming is being reshaped by this significant Fubo expansion.

Thought you’d like to know

How many subscribers does Fubo have?

Fubo ended its third quarter with 1.63 million subscribers in North America. This is a small increase from 1.61 million subscribers one year ago. The figures show steady growth for the platform.

What is the Fubo and Disney deal?

Fubo has merged with Disney’s Hulu + Live TV business. The combined service will become one of the largest live TV streamers in the U.S. Both brands will continue to be available to consumers separately.

Is Fubo profitable?

Fubo is not yet profitable, but its losses are shrinking. The net loss for the last quarter was $18.8 million, much lower than the $52.4 million loss from the previous year. The company is on a clearer path toward profitability.

What is Fubo Sports?

Fubo Sports is a new, smaller bundle focused only on sports content. It is available in more than 100 U.S. markets. Company executives report it has not cannibalized the main Fubo service.

Why did Disney channels leave YouTube TV?

Disney and YouTube TV failed to reach a new distribution agreement. This resulted in channels like ABC and ESPN going dark on the YouTube TV service. The financial terms of the dispute have not been publicly disclosed.

Trusted Sources

Company filings, Reuters, Associated Press.