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Initial Q4 figures for FuboTV show revenue and subscribers rising by over 100%.

Initial Q4 figures for FuboTV show revenue and subscribers rising by over 100%.
Gambling News January 11, 2022

Fubo Gaming is an official gambling partner of the New York Jets of the National Football League, an allowed betting operator and partner of NASCAR, and an authorised gaming operator for the National Basketball Association (NBA).

The parent company's overall revenue for the fourth quarter of 2021 is anticipated to be between $215 and $220 million, representing a 105%–109% annual rise.

By year's end, there will be more than 1,100,000 paid members, an increase of more than 100% over the previous year. It is anticipated that total sales for the entire year will range from $622 to $627 million, an almost 140% rise.

FuboTV anticipates having more than $375 million in cash and cash equivalents by the conclusion of the quarter.

"We are also very pleased with the ongoing integration of Molotov, the Paris-based live TV streaming platform we acquired in December," FuboTV's co-founder and CEO, David Gandler, said.

"Despite the fact that it is still early, our progress to date confirms our belief that the combined companies' synergies will give us operating leverage to build a scalable global platform with minimal additional spend."

FuboTV began investigating online betting at the end of 2020, and in 2021 it introduced its Fubo Sportsbook platform in the United States.

The sportsbook is directly integrated into FuboTV's live TV streaming platform, enabling users to wager on a wide range of professional and collegiate events.

Users can examine live betting data on Fubo Sportsbook based on the material they are live streaming via FuboTV thanks to the "watch now" second screen option on the mobile betting platform.


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