This supports our original thesis in December that live sports audiences are the last to cut the cord and is the most coveted audience right now for this reason. Meanwhile, according to the data from Statista, the global SVOD market in 2021 is expected to grow 23% YoY to $70.8B in 2021 and the US SVOD market is expected to grow 18% YoY to $32.1B. The company had total subscribers of 681,721 (up 138% YoY) at the end of the June quarter, a net addition of 91,291 from the previous quarter. In addition to the advertising opportunity, the company is also the fastest growing SVOD platform and is taking market share from competitors. Increasing ARPU and increasing number of subscribers is a solid combination to have when taking market share as it shows the company does not need to discount the product to be competitive. The average revenue per user (ARPU) increased 30% YoY to $71.43 and advertising average revenue per user showed substantial 62% YoY growth to $8.70. Fubo earnings report chart from I/O Fund I/O Fund
