Sam Boughedda

Investing.com — Fubotv Inc (NYSE:) shares are down 6% Monday after the company reported preliminary fourth-quarter results.

Sports-first, live streaming video platform Live TV said that total revenue will be between $215 to $220 million. It is up between 105% and 109% over the previous year. This exceeds the previous guidance of 205 million to 210 million. The full-year revenue in 2021 will be $622 million to $627 million. This represents an approximate 138% to 140% increase year-over-year. Again, this is higher than the $612 million-$617 million guidance.

It is expected that the paid subscribers of the company will surpass 1.1million by the end the year. This is a more than 100% increase in subscribers year over year and beats the prior guidance of 1.06 to 1.07million. Fubo is also forecasting that Fubo will have a low subscriber acquisition expense, which falls within its goal range of 1.0x to 1.07 million monthly average revenue per user.

David Gandler (co-founder, CEO of fuboTV) said, “fuboTV’s strong preliminary Fourth Quarter 2021 results close off a pivotal Year where we made meaningful advances against our mission to redefine a new category interactive sports television.”

“With the effective deployment of acquisition funds and the retention high-quality customer cohorts, we delivered triple digit revenue growth for the fourth quarter.

According to the New York-based firm, it anticipates that it will end the quarter with over $375 million in liquidity.

Fubo’s December acquisition of Molotov SAS by Fubo is not included in the numbers. However, speaking on the deal, Gandler said: “While still early, our progress to date continues to reinforce our belief that the synergies of the combined companies will give us operating leverage to build a scalable global platform with minimal incremental spend.”