Core Insights - FuboTV Inc. reported a quarterly loss of $0.04 per share, better than the Zacks Consensus Estimate of a loss of $0.09, and an improvement from a loss of $0.12 per share a year ago, resulting in an earnings surprise of 55.56% [1] - The company achieved revenues of $389.22 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 5.35% and showing a year-over-year increase from $312.74 million [2] - FuboTV has surpassed consensus EPS estimates for four consecutive quarters and has also topped revenue estimates in the same timeframe [2] Financial Performance - The stock has experienced a decline of approximately 58.8% since the beginning of the year, contrasting with the S&P 500's gain of 8.7% [3] - The current consensus EPS estimate for the upcoming quarter is -$0.14 on revenues of $366.99 million, while for the current fiscal year, it is -$0.47 on revenues of $1.58 billion [7] Industry Context - The Broadcast Radio and Television industry, to which FuboTV belongs, is currently ranked in the top 40% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Insights - Fubo exceeded Wall Street expectations in Q2, reporting a loss of 8 cents per share and total revenue of $382.7 million, an improvement from a loss of 19 cents per share in the same quarter last year, with revenue increasing by 26% [1] - The company has 1.45 million paid subscribers, reflecting a 24% increase from the same period in 2023, and projects to reach approximately 1.8 million subscribers by the end of 2024 [1][3] Financial Performance - Advertising revenue rose by 14%, attributed to efforts to enhance visibility within agency holding companies during the start of the 2024 upfront season [3] - Fubo has increased its full-year guidance, expecting to achieve between 1.725 million to 1.745 million subscribers and revenue of $1.57 billion to $1.59 billion, excluding potential impacts from ongoing antitrust litigation [4] Legal Context - Fubo is involved in an antitrust lawsuit against Disney, Fox, and Warner Bros. Discovery, claiming these companies colluded to undermine Fubo through a streaming joint venture, Venu Sports [2][4] - A preliminary injunction hearing is scheduled in federal court, with Fubo's CEO expected to testify [2] Market Reaction - Following the earnings report, Fubo shares, which have declined over 50% in 2024, experienced a 16% increase in pre-market trading [5]

fuboTV Inc. (NYSE:FUBO) J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference May 20, 2024 3:10 PM ET Company Participants Conference Call Participants Nikhil Aluru All right, we'll get started. Hey, everyone. I'm Nikhil Aluru, help cover telecom, cable, satellite here at JPMorgan, joined by David Gandler, CEO of Fubo. David, thanks for joining us. David Gandler Thank you for having me. Nikhil Aluru Of course. So I think, I mean, just to get started, you and your team have done a lo ...

Fubo is under threat from a potential new entrant into the sports streaming market.Fool.com contributor Parkev Tatevosian evaluates the latest results for Fubo (FUBO 1.50%) and determines if the stock is a buy. *Stock prices used were the afternoon prices of May 2, 2024. The video was published on May 4, 2024. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-39590 fuboTV Inc. (Exact Name of Registrant as Specified in Its Charter) | Florida ...

Financial Data and Key Metrics - Fubo achieved $394 million in total revenue for Q1 2024, up 24% year-over-year [19] - Paid subscribers reached 1,511,000, an 18% year-over-year increase [19] - North American ad revenue grew to $27.2 million, a 21% year-over-year increase [19] - Adjusted EBITDA margin improved to minus 10%, a 796 basis points improvement compared to Q1 2023 [20] - Free cash flow and adjusted EBITDA improved for the fifth consecutive quarter [20] - Global revenue grew by 24% to $402.3 million, driven by 24% growth in North America and 7% growth in Rest of World [31] - Adjusted EBITDA loss improved to $41.1 million from $58.9 million in Q1 2023 [33] - Net loss improved to $56.3 million, a 32% reduction year-over-year [48] Business Line Data and Key Metrics - North American ARPU improved to $84.54 from $76.79 in the prior-year period [27] - Rest of World ARPU improved to $7 from $6.57 [27] - Advertising revenue totaled $27.5 million, a 21% increase year-over-year [32] - FAST channels accounted for 9% of total viewing hours, with hours per subscriber far exceeding overall subscriber growth [80][81] Market Data and Key Metrics - Fubo achieved the lowest subscriber acquisition cost (SAC) to ARPU ratio in its history, well below the target range of 1 to 1.5 times [21] - March 2024 marked the lowest churn rate for any March on record for the company [21] - The company expects 1.275 million to 1.295 million North American subscribers in Q2 2024, representing 10% year-over-year growth [41] - Full-year 2024 North American revenue guidance is $1.525 billion to $1.545 billion, representing 15% year-over-year growth [41] Company Strategy and Industry Competition - Fubo is focused on tech innovation, particularly in AI-driven playlists and personalized DVR experiences [4][83] - The company is committed to achieving profitability by 2025, with a focus on cost-cutting and operational efficiency [67][102] - Fubo is engaged in litigation against The Walt Disney Company, Fox Corp, and Warner Bros Discovery, alleging anti-competitive practices [6][7] - The company is introducing a free tier and expanding its FAST channel offerings to drive engagement and monetization [79][87] Management Commentary on Operating Environment and Future Outlook - Management highlighted the challenges posed by above-market content licensing costs, which accounted for 90% of total revenue in Q1 [6] - The company is encouraged by the progress in its antitrust lawsuit and the support from competitors like DIRECTV and Dish [7][25] - Fubo expects continued ARPU expansion and improved unit economics, with revenue growth outpacing subscriber growth [41] - The company is focused on maintaining discipline in subscriber acquisition costs while investing in advertising and monetization capabilities [42][56] Other Important Information - Fubo has received strong support from Capitol Hill, with Congressmen expressing concerns over the JV's control of 80% of broadcast sports content [23][25] - The company has signed agreements with Comscore and TransUnion to enhance cross-platform measurement and data capabilities for advertisers [60] - Fubo's Molotov service in France has grown revenue from $7 million in 2020 to over $30 million, with a gross margin profile just below 40% [91][92] Q&A Session Summary Question: What is driving the lower churn and SAC? - The marketing team has improved efficiency, spending at the right time and moving budgets effectively, leading to the lowest SAC in company history [42][43] Question: What is driving the strong advertising performance? - New sales leadership and improved programmatic capabilities have driven advertising growth, with Q1 ad revenue up 21% year-over-year [43][56] Question: Will Fubo increase customer acquisition spending given the tailwind in advertising? - The company remains disciplined, focusing on achieving profitability by 2025, and will not significantly increase customer acquisition spending despite efficient SAC [67] Question: What is the outlook for the free tier and FAST channels? - FAST channels now account for 9% of viewing hours, and the free tier is expected to drive engagement and monetization when launched later this year [79][80][87] Question: How will the termination of the Warner Bros Discovery contract impact pricing? - Fubo plans to maintain current pricing, with savings flowing to the bottom line rather than altering pricing strategy [98] Question: What measures are being taken to ensure sustainable long-term growth? - Fubo is focused on cost-cutting, content strategy, technology development, and expanding reach and distribution, including the launch of a free tier [95][102]

We continue to believe in the merits of our lawsuit, and thank those who have publicly supported us, such as DIRECTV and DISH. We remain steadfast in our fight to level the playing field of the sports streaming industry since, as alleged in our court filings, we believe the launch of the joint venture (a collaboration to introduce a sports-only streaming service) controlled by these parties could cause irreparable harm to Fubo and to consumers. A win for Fubo is a big win for consumers, and we are encourage ...

NEW YORK--(BUSINESS WIRE)--FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), and Mid-Atlantic Sports Network (MASN) announced today a carriage agreement that will expand streaming coverage of the Baltimore Orioles and Washington Nationals to the leading sports-first live TV streaming platform. Ahead of Major League Baseball Opening Day (March 28, 2024), MASN will be available to Fubo subscribers across a seven-state region, from Harrisburg, Pa., to Charlotte, N.C. Fubo will stream MASN’s coverage of every availabl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ | Large accelerated filer | o | Accelerated filer | x | | --- | --- | --- | --- | | Non-accelerated filer | o | Smaller repo ...

fuboTV Inc. (FUBO) reported $410.18 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 28.5%. EPS of -$0.17 for the same period compares to -$0.48 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $397.37 million, representing a surprise of +3.22%. The company delivered an EPS surprise of +32.00%, with the consensus EPS estimate being -$0.25.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...