Fubo Group (03738) announced its annual results for the year ended December 31, 2023. The group achieved revenue of 20...
According to the Zhitong Finance App, Fubo Group (03738) announced its annual results for the year ended December 31, 2023. The group achieved revenue of HK$2,001 billion, up about 38.7% year on year; adjusted EBITDA during the year was HK$319 million, up about 7% year on year; loss per share was HK$0.0035.
2023 is an important stage for Fubo to seize important development opportunities and continue to leapfrog and upgrade its business. During the performance period, the company actively responded to the impact of factors such as the economic environment to ensure existing development while firmly laying out the future. During the year, the company achieved larger content coverage for leading content parties, effectively expanded the depth and breadth of cooperation with customers, continued to expand the scale and categories of digital content services, and strengthened content management coverage for major international brands. At the same time, the company has grasped the trend of accelerated innovation and integrated development in the Guangdong-Hong Kong-Macao Greater Bay Area, increased talent and investment deployment in the Guangdong-Hong Kong-Macao Greater Bay Area, and has been deeply involved in the construction of the regional copyright ecosystem, and has played a key role in it. A sound business foundation and effective business innovation and expansion have enabled the company to still achieve excellent performance in an ever-changing industrial environment and continue to consolidate its leading position in the industry. During the performance period, Fubo achieved total revenue of HK$2,001 billion, an increase of about 39% year-on-year. Adjusted EBITDA during the year was HK$319 million, an increase of approximately 7% year-on-year.