NEW YORK—FuboTV Inc. posted generally strong financial results for the second quarter, reporting Fubo’s sixth consecutive quarter of year-over-year (YoY) improvement in its global profitability metrics. It also posted better than expected revenue and subscriber numbers for North American, with revenue up 26% YoY and 1.45 million paid subs, up 24% YoY.
Average revenue per user (ARPU) expanded 5% YoY to $85.69. The quarter was also highlighted by a 14% increase in ad sales revenue YoY as the result of efforts to increase visibility within agency holding companies continued during the start of the 2024 Upfront season, the company reported.
