01:06 PM EDT, 05/02/2025 (MT Newswires) -- FuboTV's ( FUBO ) first-quarter loss narrowed more than expected amid revenue growth, but the live-sports streaming company forecast double-digit percentage declines in sales and subscribers for the ongoing three-month period.

North America revenue is anticipated to come in between $340 million and $350 million for the second quarter, representing a 10% year-over-year drop at the midpoint. Paid subscribers from the region are pegged at 1.23 million to 1.26 million, reflecting a 14% annual decrease at the midpoint.

The company projects second-quarter revenue from its rest of the world operations to be in a range of $6.5 million to $7.5 million and paid subscribers of 325,000 to 335,000. The metrics would represent annual declines of 15% and 17%, respectively, at the midpoint, FuboTV ( FUBO ) said.

Shares of the company were down 13% in Friday afternoon trade. The stock is up 103% so far this year.

For the March quarter, the company posted an adjusted loss of $0.02 a share, compared with a $0.14 loss a year earlier. The consensus on FactSet was for a non-GAAP loss of $0.03. Consolidated revenue increased 3.5% to $416.3 million.

"We are pleased with Fubo's performance in the first quarter and remain focused on our path to profitability in 2025 for our global streaming business," Executive Chairman Edgar Bronfman Jr. said in a statement. "Looking ahead, we plan to continue investing in infrastructure, technology and product."

First-quarter North America revenue came in at $407.9 million, up from $394 million year over year. Revenue from rest of the world fell 0.4% to $8.4 million. Both metrics met the company's expected ranges outlined in February.

It recorded 1.47 million paid subscribers in North America for the quarter, down 2.7% from a year earlier, but ahead of its previously issued guidance. Subscribers from the rest of the world declined nearly 11% to 354,000, but surpassed the group's own expectations.

The company said in a shareholder letter that it is continuing to work on the regulatory process for its pending deal to merge with Walt Disney's ( DIS ) Hulu + Live TV business. The transaction, which was announced in January, will see Disney ( DIS ) acquire a 70% stake in FuboTV ( FUBO ) and settle litigation related to the Venu Sports venture, a streaming platform planned by Disney's ( DIS ) ESPN ( DIS ), Fox (FOX, FOXA) and Warner Bros. Discovery (WBD), but later scrapped.

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