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Fubo Reaches 1.2M Subscribers in North America and Sees “Green Shoots” in Ad Market

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“We are very encouraged as green shoots in July indicate an advertising rebound and a sizable ad recovery for the back half of the year,” said CEO David Gandler.

saw subscriber and advertising growth in its second quarter, as price increases and sports demand bolster its results.

In North America, the streaming platform saw total subscribers grow to 1.2 million, up 23 percent from the 947,000 a year ago. Revenue in North America reached $305 million, up from $216.million, with the 45 percent increase attributed to price increases at the beginning of the year and the addition of regional sports networks.

Advertising revenue in North America grew 5 percent year over year, with the company citing the growth despite continuing headwinds across ad budgets. Still, the company expects to see greater growth in the back half of the year.

 

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