The company also detailed that the provisional results for the fourth quarter showed an improvement in relation to the budget, with an income that varies between US$ 94 million and US$ 98 million. Initially, sales in this period were expected to be between US$80 and US$85 million. At the end of September 2020, the red numbers totaled US$ 404 million.
"FuboTV's strong preliminary results in the fourth quarter of 2020 exceeded what was already expected to be a record year for the company and demonstrate continued consumer enthusiasm for our offering," commented FuboTV co-founder and CEO David Gandler.
In November, the streaming service announced expansion plans that will involve a focus on sports betting. The company recently raised US$ 188 million from its initial public offering on the New York Stock Exchange.
Now, FuboTV hopes to combine sports betting with what it calls the “leading live sports streaming package.”
Source: MKTEsportivo
