By Denny Jacob

FuboTV's quarterly loss narrowed as revenue and subscribers climbed.

The sports-focused live-TV streaming platform posted a loss from continuing operations of $40.9 million, or 11 cents a share, compared to a loss from continuing operations of $71 million, or 24 cents a share, in the prior-year period.

Stripping out one-time items, the adjusted loss was 2 cents a share. Analysts surveyed by FactSet had expected an adjusted loss of 13 cents a share.

Revenue in North America rose 8% year over year to $433.8 million, according to Fubo. Revenue elsewhere in the world came in at $9.4 million, it added.

Subscription revenue, which makes up most of the top line, climbed nearly 10% from a year-earlier with around 6% more subscribers.

For the first quarter of 2025, Fubo forecast revenue in North America of between $400 million to $410 million. This equates to 3% year over year growth at the midpoint, and between 1.43 billion and 1.46 billion total subscribers, which it said equates to a 4% year over year decline at the midpoint.

For the rest of the world it forecasts $7.5 million to $8.5 million, representing a 5% decline year-on-year at the midpoint, and 330,000 to 340,000 subscribers, representing a 16% year over year decline at the midpoint, the company said.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 28, 2025 08:15 ET (13:15 GMT)

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