“We’ve taken two very different roads,” Gandler said of Fubo and YouTube TV. With their business model under immense pressure, many RSNs - notably Diamond Sports Group - have been in protracted carriage disputes with streaming bundlers like YouTube TV, Hulu + Live TV and Sling.Īsked about comparisons with YouTube TV, which last year said it has surpassed 5 million subscribers, Gandler said they are “two companies positioned to be sports-first.” YouTube recently closed a deal with the NFL to provide the Sunday Ticket package that had been with DirecTV since its inception in 1994. Founded in 2015 as a sports-centric offering, Fubo has since broadened out but has along the way become a surprisingly receptive home for regional sports networks. In a conference call with analysts, CEO David Gandler said Fubo is bringing a “differentiated” service to market, especially in the sports arena. On an annual basis, Fubo has now cleared two significant thresholds, passing $1 billion in total revenue and $100 million in advertising revenue. The company posted negative adjusted EBITDA of $75.4 million in the fourth quarter, about 3% more red ink than in the year-ago period, but revenue surged 38% to $319.3. North American subscriber levels will reach 1.51 million to 1.53 million, which would be 5% growth.

Fubo expects to take in between $1.195 billion and $1.225 billion in revenue, which would be 23% year-over-year growth at the midpoint. Netflix Co-CEO Ted Sarandos Estimates 2024 Content Spending Level, Weighs In On Film Strategy As Streaming Rivals Embrace TheatricalĪnother drag on the stock was the company’s guidance for 2023, which was more conservative than many analysts had expected.

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