FuboTV Reports 96% Jump In 2019 Revenue, 37% Increase In Subscribers

FuboTV, newly acquired by FaceBank Group, has revealed user and revenue information in a letter to shareholders, as it prepares to upgrade from OTC trading to listing on a major stock exchange. The five-year-old live-sports-oriented virtual MVPD reported that it had 315,789 paid subscribers at the end of 2019, up 37% from 2018. FuboTV also reported, in the letter from co-founder/CEO David Gandler, that its streaming hours rose 210% last year, and its revenue shot up 96%, to $146. 5 million. Paid and free-trial users streamed 298. 7 million hours last year, the company said.

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