FuboTV reported strong Q3 2024 financial results with revenue increasing 20% year-over-year to $386.2 million, driven by 23% growth in subscription revenue to $356.6 million. The company's North American subscriber base grew to 1.6 million, with average revenue per user reaching $85.64. Gross margin improved to 14% from 6.1% in the prior year period.Operating loss narrowed to $58.6 million from $83.3 million a year ago, reflecting improved operational efficiency and cost management. The company recorded a net loss of $52.8 million, significantly reduced from $83.8 million in Q3 2023. Other income included a $7.8 million gain from debt repurchases, while operating expenses increased primarily due to higher content costs and legal fees.The company maintained strong liquidity with $146.2 million in cash and cash equivalents as of September 30, 2024. FuboTV continues to focus on its sports-first strategy while expanding content offerings and pursuing legal action against the proposed Disney-Fox-Warner sports streaming joint venture, having successfully obtained a preliminary injunction against its launch.

FuboTV reported strong Q3 2024 financial results with revenue increasing 20% year-over-year to $386.2 million, driven by 23% growth in subscription revenue to $356.6 million. The company's North American subscriber base grew to 1.6 million, with average revenue per user reaching $85.64. Gross margin improved to 14% from 6.1% in the prior year period.Operating loss narrowed to $58.6 million from $83.3 million a year ago, reflecting improved operational efficiency and cost management. The company recorded a net loss of $52.8 million, significantly reduced from $83.8 million in Q3 2023. Other income included a $7.8 million gain from debt repurchases, while operating expenses increased primarily due to higher content costs and legal fees.The company maintained strong liquidity with $146.2 million in cash and cash equivalents as of September 30, 2024. FuboTV continues to focus on its sports-first strategy while expanding content offerings and pursuing legal action against the proposed Disney-Fox-Warner sports streaming joint venture, having successfully obtained a preliminary injunction against its launch.