closed 2022 with 1.445 million subscribers in North America and posted healthy numbers in many financial categories in the fourth quarter.
The startup posted negative adjusted EBITDA of $75.4 million in the fourth quarter, about 3% more red ink than in the year-ago quarter, but revenue surged 38% to $319.3. On an annual basis, Fubo has now cleared two significant thresholds, passing $1 billion in total revenue and $100 million in advertising revenue.
Asked 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.