Core Viewpoint - fuboTV has faced significant challenges in the competitive streaming market, but a recent court ruling has temporarily boosted its stock price, raising questions about its long-term viability and profitability [2][6][10] Group 1: Recent Developments - A judge recently blocked a deal involving major companies (Walt Disney, Fox, and Warner Bros. Discovery) that would have negatively impacted fuboTV's growth prospects [2][3] - Following the court ruling, fuboTV's shares have increased by over 35% in the past three months [2] Group 2: Market Dynamics - The streaming market has become fragmented, making it difficult for consumers to access all desired sports content without multiple subscriptions [3][5] - The cost to watch every NFL game without cable is approximately $1,758, highlighting the broken nature of the current streaming model [4][5] Group 3: Financial Health - fuboTV has incurred losses exceeding $235 million in the trailing 12 months, indicating ongoing profitability challenges [6][8] - The company has burned through nearly $100 million in cash from operations in the past six months, with only $155 million in cash and cash equivalents remaining as of June [9] Group 4: Future Outlook - The recent court ruling may provide only a short-term boost to fuboTV, as the underlying issues of profitability remain unresolved [9][10] - Without a stronger business model, fuboTV's stock is projected to decline further, making it a less attractive investment compared to other growth stocks [10]

There are too many risks and downsides to seriously consider the stock. FuboTV (FUBO 4.85%) has established itself as a leading streaming service for live sports. The company has racked up nearly 1.5 million subscribers in North America, with each paying $85.69 per month on average, along with another 0.4 million lower-value subscribers around the world. One thing the company has failed to do, though, is figure out how to turn a profit. On $391 million in revenue during the second quarter of 2024, FuboTV re ...

FuboTV may have just gotten a second lease on life. Shareholders of FuboTV (FUBO -1.98%) stock are having a banner week. After some important news last Friday, shares have been plowing higher all week as the company helps explain the impacts of a big courtroom win. Fubo stock was up by as much as 38% at the peak this week. Heading into the final day of trading, shares were still up by 29.4% for the week, according to data provided by S&P Global Market Intelligence. That surge has helped ease the pain for lo ...

A potential rival was dealt a setback. Shares of fuboTV (FUBO 21.89%) were soaring today in response to Friday night's news that a judge has temporarily blocked a sports streaming service joint venture, Venu, from Walt Disney, Fox, and Warner Bros. Discovery. The new service was expected to challenge and potentially supersede fuboTV, which has struggled to gain traction since economies reopened after the lockdown period of the COVID-19 pandemic. As of 11:43 a.m. ET, the stock was up 29.7%. What the ruling s ...

Fubo gained a victory in its antitrust lawsuit against Venu Sports, the joint streaming venture from Fox, Disney and Warner Bros. Discovery, the company announced Friday. The live TV streaming service was granted a preliminary injunction by the U.S. District Court in the Southern District of New York blocking Venu's rollout. Fubo filed suit against the joint venture days after it was initially announced in February. First announced earlier this year, Venu was due to launch this fall with live and on-demand ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends fuboTV. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

FuboTV (NYSE:FUBO) stock is on the move Tuesday following the release of the sports and entertainment TV streaming company's latest earnings report. For the second quarter of 2024, fuboTV reported adjusted EPS of -4 cents. That's better than the -9 cents per share that Wall Street was expecting. That's an improvement over the -12 cents per share from the same period of the year prior. FuboTV also reported revenue of $380.92 million during the quarter. That's another beat compared to analysts' estimate of $3 ...

fuboTV Inc. (FUBO) reported $389.22 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 24.5%. EPS of -$0.04 for the same period compares to -$0.12 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $369.47 million, representing a surprise of +5.35%. The company delivered an EPS surprise of +55.56%, with the consensus EPS estimate being -$0.09. While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

Financial Data and Key Metrics - North America revenue grew 26% YoY to $382.7 million, with 1.45 million paid subscribers, up 24% YoY [6] - Ad revenue increased 14% YoY to $25.8 million [6] - Global revenue grew 25% YoY to $391 million, driven by 26% growth in North America and 2% growth in the rest of the world [15] - Net loss improved significantly to $25.8 million from $54.2 million in Q2 2023, with adjusted EBITDA improving by $19.6 million YoY to negative $11 million [16] - Free cash flow improved by $40.5 million YoY [17] Business Line Data and Key Metrics - The company launched the fubo Free tier, offering nearly 200 free ad-supported streaming television (FAST) channels, with early results being encouraging [12] - The company plans to expand its tiered offering with standalone content, including SVOD, pay-per-view, TVOD, and skinny bundles [13] Market Data and Key Metrics - North America subscriber guidance for Q3 is 1.605 million to 1.625 million, representing 9% YoY growth at the midpoint [19] - Full-year 2024 North America subscriber guidance is 1.725 million to 1.745 million, representing 7% YoY growth at the midpoint [19] - Rest of the world subscriber guidance for Q3 is 397,000 to 402,000, representing a 3% YoY decline at the midpoint [20] Company Strategy and Industry Competition - The company is focused on delivering value and expanding its relevancy to consumers in a fast-changing environment, with a vision to offer users premium content within the fubo ecosystem [11][12] - The company is fighting for competition and better prices in a market in disruption, contrasting with the Walt Disney Company, Fox Corporation, and Warner Brothers Discovery [8][9] - The company is encouraged by earlier reports that the Department of Justice is looking into the sports streaming joint venture (JV) and the increasing number of high-profile Capitol Hill lawmakers, public interest groups, and other content distributors weighing in on the negative impact the JV would have for consumers [10] Management Commentary on Operating Environment and Future Outlook - The company remains focused on bringing consumers an aggregated sports entertainment offering that delivers premium content and innovative product features at the right price point [13] - The company is committed to a competitive streaming landscape that offers consumers choice, fair pricing, and innovation [13] - The company is confident in its ability to execute with all teams operating at the highest levels and is dedicated to upholding rigor and discipline in managing company-wide costs [6][17] Other Important Information - The company repurchased $46.9 million of convertible debt at an average price of 56.6% of par value, enhancing shareholder value and boosting financial flexibility [7] - The company ended the quarter with $161.3 million of cash, cash equivalents, and restricted cash, confident that its liquidity will be adequate to invest in the business under its current operating plan [18] Q&A Session Question: Update on cost per thousand and the ad market [22] - Ad revenue growth was 14% YoY, with strength in CPMs in the sports marketplace and some pressure in the entertainment front [22][23] Question: Advertising performance and subscription retention around the Olympics [24] - Top five ad categories outperformed the overall portfolio, with strength in auto, e-comm, financial services, food, and beverage [25] - Subscribers from short-term events like the Olympics tend to have less retentive value, and the marketing team does not aggressively pursue them [25] Question: Details on the Free service and its impact on subscriber performance [27] - The Free service is early in its rollout, with encouraging early results and increasing ad growth, but it is too soon to determine its impact on retention [28][29] - The company is focused on reactivating churned customers and may expand the Free service to other cohorts in the future [30] Question: Drivers of net ads in North America [31] - Sporting events and better-than-expected churn drove subscriber growth, with SAC coming in below target [31] - The company saw strong sports calendar performance, including major soccer events and cricket championship marketing [32] Question: Impact of connected TV options on TAM [34] - The FAST business is complementary, with 7% of viewership coming from FAST within the paid service [36] - The company views connected TV options as potential business development partners rather than direct competitors [36] Question: Retention efforts after sporting events and capital expectations [38] - Retention efforts focus on delivering a good viewer experience, with the Free service available to churned customers to reengage them [39] - The company is funded to execute on its operating plan, excluding the potential impact of the JV, and is sensitive to shareholder dilution [41] Question: Marketing approach and pricing power [43] - The company has raised prices by $5 this year, with retention in line to better than expected, indicating some remaining pricing power [44] - Marketing adjustments for the third quarter will be shared in the next earnings call [45] Question: Sequential improvement in subscriber-related expenses [47] - Subscriber-related expenses improved due to a combination of factors, including content negotiations and mix-shift opportunities, not just the removal of Warner Brothers content [47][48]

fuboTV reported great news today, but can it last? fuboTV (FUBO -5.72%) stock fared better than most in yesterday's Japan-inspired market rout, losing only 1.5% -- and only half as bad as the S&P 500 index's 3% loss. The good news seemed ready to keep on rolling this morning, too, when fuboTV reported better-than-expected sales and earnings, inspiring an early 15% pop in the stock. But then it vanished. As of 9:45 a.m. ET, fuboTV has already turned tail and moved lower, down 2.3%. This despite the fact that ...