fuboTV Inc. (NYSE:FUBO) shares were trading more than 4% lower Monday afternoon, despite the company’s reported strong Q4 preliminary revenue and subscribers results.

Preliminary quarterly revenue came in at $215-$220 million, in line with the Street estimates of $215 million, representing year-over-year growth of 107%. Subscribers grew 100% year-over-year to 1.1 million Q4, compared to the previous guidance of 1.065 million. This quarter marks the fifth consecutive quarter with a beat-and-raise, suggesting that the company is continuing to execute and manage its strategy and investor expectations.