October 16, 2018
Live TV streaming service FuboTV approached 250,000 paid subscribers in September, more than double the 100,000 subscribers it had a year ago, according to the company.
FuboTV users on average spent 51 hours per month in the app last month, up from 11 hours in September 2017, the company reported. Also, the average revenue per user hit $40 in September 2018 versus $22 in the same month last year.
“What our team of less than 150 employees has built — from the ground, up, despite our competition having access to tens of thousands of engineers alone — impresses me every day, and it should put the streaming TV industry on notice,” said David Gandler, FuboTV co-founder and CEO in a statement. “Our September results and year-over-year growth are proof of our success. We have and will continue to deliver the most optimal quality experience for our customers and strong value to our investors, as we take the company to the next level.”