FuboTV's stock is down 6% after the business released preliminary fourth-quarter earnings on Monday.

Total income for the sports-first live TV streaming network is estimated to be between $215 and $220 million, up 105 % to 109 % year over year. This is higher than the previous forecast of $205 to $210 million. Revenue for the full year of 2021 is estimated to range between $622 million and $627 million, reflecting a 138 % to 140 % increase year over year. This is higher than the previous forecast of $612 million to $617 million.

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The company's paying subscribers are expected to reach 1.1 million by the end of the year. This is a year-over-year increase of more than 100% and outperforms prior projections of 1.06 to 1.07 million subscribers. Furthermore, for the quarter, Fubo expects its subscriber acquisition cost to be at the low end of its target range of 1.0x to 1.5x monthly average revenue per user.

"fuboTV's strong preliminary fourth-quarter 2021 results close out a pivotal year where we made meaningful advancements against our mission to define a new category of interactive sports and entertainment television," stated David Gandler, co-founder and CEO of fuboTV.

"Through the smart use of acquisition expenditure and the retention of high-quality customer cohorts, we continued to produce triple-digit revenue growth and operating leverage in the fourth quarter.

The New York-based corporation expects to have more than $375 million in cash at the conclusion of the quarter.

The figures do not include Fubo's December acquisition of Molotov SAS. However, when asked about the agreement, Gandler said: "While it is still early, our progress to date confirms our belief that the combined companies' synergies will provide us with operating leverage to build a scalable global platform with minimal additional spending."