fuboTV ended the first quarter of 2022 with 1.056 million North American subscribers, resulting in a year-over-year increase of 81 percent and highlighting its continued ability to attract new customers over the past year. However, there was a slight decrease in the number when compared to the previous quarter, and the company expects another decrease to happen in the next quarter as well.
fuboTV is a little different to some of the other live TV streaming services, as it does place a slightly greater focus on live sports. However, the degree of this difference has been lessening over time. Not only have competing live TV services looked to increase their sports content and coverage, but fuboTV has also made adjustments to its own channel lineup to better appeal to non-sports viewers as well. While also remaining relatively competitive in terms of the monthly subscription cost, this approach appears to have helped fuboTV gain plenty of new users.
Speaking of which, the number of Canada and US-based paid fuboTV subscribers stood at 1.056 million, as of March 31, 2022, according to fuboTV’s latest quarterly earnings report. The company had previously issued guidance that suggested it expected to close out the first quarter of 2022 with between 1.028 and 1.033 million. The report also noted that elsewhere (France and Germany), fuboTV closed Q1 2022 with 305,000 paid subscribers.
Looking ahead, fuboTV expects another slight decrease during the next quarter, with the number of North American subscribers predicted to drop down to between 965 and 975,000. Even further ahead, however, the company is predicting to close out the year with as many as 1.465-1.485 million subscribers. Previously, fuboTV finished up 2021 with 1.13 million subscribers, so this would represent another good year-over-year increase.
Overall, fuboTV still trails behind many of the others popular live TV services. For example, Sling TV routinely serves more than two million subscribers, while both Hulu Live TV and YouTube TV continue to deliver live TV channels to around four million subscribers each. Still, the company continues to make good progress in this respect, and there’s no reason to suggest that’s due to change soon.