In a remarkable year of growth and financial success, FuboTV, the leading live TV streaming platform with a focus on sports, has reported impressive results for the fourth quarter and full year ended December 31, 2024. The company achieved record-breaking revenue and subscriber numbers in North America, marking its first quarter of positive free cash flow and significant improvements in profitability metrics. Additionally, Fubo's strategic investments in product quality and user experience have started to yield substantial returns, positioning the company as a top player in the streaming industry.
North America was the primary driver of FuboTV's success in 2024. The region saw total revenue soar to $1.58 billion, representing an 19% increase from the previous year. The number of paid subscribers also grew by 4%, reaching 1.676 million. In the final quarter of the year, Fubo generated $433.8 million in revenue, up 8% compared to the same period in 2023. Average revenue per user (ARPU) hit an all-time high of $87.90, expanding by 1.4% year-over-year. These achievements underscore the company's ability to maintain steady growth despite the competitive landscape of the streaming market.
The Rest of World (ROW) segment, which includes Fubo's operations outside North America, also showed promising signs of progress. Despite a slight decline in paid subscribers to 362,000, down 10.9% year-over-year, the region recorded a 12.1% increase in total revenue, reaching $9.4 million. ARPU in ROW climbed by 24.8% to $8.50, indicating improved monetization strategies. This segment's performance was bolstered by the inclusion of Molotov, the French live TV streaming service acquired by Fubo in late 2021, which has contributed positively to the company's international expansion.
Leadership at Fubo expressed pride in the company's accomplishments, highlighting the resilience and high-quality execution that led to these outcomes. CEO David Gandler and Executive Chairman Edgar Bronfman Jr emphasized the importance of delivering an exceptional user experience through innovation and compelling content. Strategic investments made throughout 2024 have already begun to pay off, driving North American viewership to over 1.7 billion hours—a new record for the company. Moreover, Fubo now ranks among the top 10 most-watched video services in the US, according to Comscore, surpassing several major competitors.
Looking ahead, Fubo is excited about its partnership with The Walt Disney Company, which will combine Hulu + Live TV with Fubo. This collaboration is expected to create a leading streaming platform that prioritizes consumer choice and flexibility. Additionally, the company plans to introduce a new Sports & Broadcasting service tailored specifically for sports enthusiasts, set to launch by the fall 2025 sports season. These initiatives reflect Fubo's commitment to staying at the forefront of the streaming industry while continuing to enhance the value it provides to users.
With a strong foundation built on consistent financial improvements and strategic advancements, Fubo enters 2025 with confidence. The company's achievements in 2024 demonstrate its ability to adapt and thrive in an ever-evolving market, setting the stage for continued success and innovation in the coming years.