FuboTV stock is trading sharply lower Wednesday after reporting mixed fourth-quarter results.

For the quarter, FuboTV, an online TV provider, posted revenue of $105.1 million, up 98%, and ahead of the guidance range of $94 million-$98 million announced in January. The company reported 547,880 subscribers at year-end, up 73% from a year ago. Hours streamed increased 66% to 205.9 million. Average revenue per user per month was $59.19, up 17%. Subscription revenue was $91.4 million, up 91%, while ad revenue was $13.1 million, up 157%.

The company had a loss in the quarter of $167.8 million, or $2.47 a share, which is wider than the Street consensus estimate for a loss of 73 cents a share—but FuboTV investors are focused more on the potential for the company’s emerging gambling business than on short-term profitability.