FuboTV says consumer engagement continued to be strong in the second quarter, despite the absence of live sports because of the Coronavirus pandemic.
The company, previously known as Facebank Group says its news and entertainment viewership grew as subscribers looked to stay informed during the crisis.
Live sports returned towards the end of the quarter.
Viewing hours peaked at 8.5 hours/day as viewers remained at home during national lockdowns.
The most active users watched 140 hours per month on average in the quarter, an increase of 54% year-over-year.
“We believe consumers will continue to choose streaming over traditional pay television, especially in the current economic climate because of its more personalized, premium viewing experience,” said David Gandler, co-founder and CEO, fuboTV.
Revenues for the second quarter 2020 were $44.2 million, a 53% increase on the year.
