FuboTV Subscribers Up 73% in 2020, Net Loss Balloons to $570.5 Million

grew its internet pay-TV subscriber rolls at a rapid clip last year — and it sustained heavy losses to get there.

Meanwhile, FuboTV expects to lose subscribers in the first quarter of 2021, projecting 520,000-530,000 subscribers by the end of March, a sequential decline of 3%-5%. On a full-year basis, the company expects revenue of $460 million-$470 million and anticipates ending 2021 with 760,000-770,000 subscribers.

In after-hours trading Tuesday, Fubo TV shares were down more than 6%. The stock price more than doubled in December 2020 after a bullish analyst upgrade, before falling precipitously on. In 2020 to date, the share price was up about 50% as of market close March 2. “Ultimately, we intend to integrate Fubo Sportsbook into FuboTV’s live TV streaming platform for a seamless viewing and wagering experience,” Gandler and Bronfman Jr. wrote.

I want my TV in my computer (clic an icon for broadcast ABC on my windows desktop and get the broadcast content) not the computer in the TV (try to access a streaming server with my TV remote)

So the more subscribers the bigger the loss? What a business model. Live streaming will be $100 per month soon

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