FuboTV Surges to Over $1 Billion in Annual Revenue
Record-Breaking Year Sets Stage for Continued Growth in 2023
Strong Q1 Performance and Increased Engagement Drive Success
FuboTV, the leading sports-first live TV streaming platform, announced record-breaking financial results for 2022, with global annual revenue surpassing $1 billion for the first time. The company closed the year with $984 million in revenue, demonstrating remarkable growth and solidifying its position as an industry leader.
In its strongest first quarter ever, FuboTV delivered better-than-expected results. The company's live TV streaming platform saw a significant increase in ad revenue, growing by an impressive 281% year-over-year to $165 million. This surge in ad revenue is a testament to FuboTV's highly engaged audience and the growing demand for premium sports and entertainment content.
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