With no major sporting event to drive subscriptions, and a price increase for many subscribers, FuboTV expects the start of the year to be a slow one.īut chief executive David Gandler was typically bullish in his assessment, believing the company’s underlying performance metrics – including retention – and diverse content offering mean it is well placed to capitalise on cord cutting. The company also warned investors to expect limited growth during the first quarter of 2023. A much-touted expansion into betting was abandoned, while yearly losses widened from US$383 million in 2021 to US$562 million. However, the picture is not entirely rosy. The yearly figures were boosted by a strong Q4, with FuboTV offering cord cutters one of the few ways to stream English language coverage of the Fifa World Cup in Qatar, given Fox does not have a direct-to-consumer (DTC) service.įuboTV has made no secret of its desire to expand its global presence, and its international subscriber base more than doubled over the past year to 420,000 – a figure driven by the acquisition of French streaming service Molotov in 2021.
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