fubo CEO Sees Surge in Revenue, Doubles Down on Sports Betting as Stock Soars 15% in Premarket
fubo posted a 45% year-over-year revenue jump to $157 million in Q4, driven by a record 1.9 million paid subscribers and a 20% spike in average revenue per user, signaling a shift from linear TV to live sports streaming dominance. The company’s aggressive launch of fubo Sportsbook in five new states fueled a 30% increase in betting handle, with CEO David Gandler declaring, "We are no longer just a streaming service; we are a sports betting powerhouse." Wall Street responded with a 12% upgrade in price targets, projecting profitability by Q3 2025 as fubo’s ad-tier revenue doubled and churn rates hit a historic low of 2.1%. However, skeptics warn of rising subscriber acquisition costs, which jumped 8% to $95 per user, amid fierce competition from ESPN and DraftKings.