North America Revenue and Subscriber Growth
North America revenue grew by 21% year-over-year, reaching $377 million. Subscriber numbers also increased by 9% year-over-year, achieving 1,613,000 paid subscribers.
Significant Improvement in Adjusted EBITDA
Adjusted EBITDA improved by nearly $100 million year-over-year over the trailing 12 months, with a $33.8 million improvement in Q3 2024 compared to Q3 2023.
Reduction in Net Loss and Adjusted EPS Loss
Net loss decreased to $54.7 million from $84.4 million in Q3 2023. Adjusted EPS loss improved to $0.08 from $0.22 in Q3 2023.
Preliminary Injunction Against JV
Fubo won a preliminary injunction against the sports streaming joint venture from Disney, Fox, and Warner Bros. Discovery, which was seen as likely to succeed on its claims.