Fubo ended the second quarter of 2023 with 1,167,000 subscribers in North America. This is a decrease on the quarter before, and the second consecutive quarterly decline when factoring in the total number of global subscribers.
Due to Fubo’s focus on sports, it is a little different to many other services. Unlike others, which more often focus on quarter over quarter changes, Fubo tends to highlights the seasonality impact on its subscriber base, and as a result, usually places a greater emphasis on year-over-year changes.
This appears to be the case in the most recent quarter as well. In spite of stating “significant in Fubo’s strong second quarter results was our year-over-year revenue and subscriber growth in North America,” Fubo lost subscribers in the second quarter of 2023.
In total, Fubo had 1,167,000 North American subscribers, as of June 30, 2023, and according to its latest earnings report. This is down 118,000 from the 1,285,000 subscribers reported at the end of the first quarter of the year. However, it is up 220,265 from the 946,735 reported at the end of Q2 2022.
Based on the latest results, Fubo is now expecting to finish the third quarter of 2023 with between 1,327,000 and 1,347,000 paid subscribers in North America.
Fubo also operates in other areas of the world and its Rest of World (ROW) streaming business saw a slight increase in Q2 2023. Fubo ended the last quarter with 394,000 ROW subscribers, up 15,000 from the 379,000 reported at the end of the previous quarter.
Overall, Fubo reported having 1,561,000 total global subscribers at the end of Q2 and this is down 103,000 from the 1,664,000 total global subscribers reported at the end of Q1 2023. At the same time, it is up from the 1,293,735 total global subscribers reported at the end of Q2 2022.