A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021. A U.S. judge temporarily blocked media companies Disney, Warner Bros. Discovery and Fox from launching their sports streaming service, Venu, according to court filings. The temporary injunction, granted in response to a lawsuit brought by Fubo TV, comes just weeks ahead of the start of the NFL ...

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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 ...

FuboTV Inc. (FUBO) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 55.56%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.11, delivering a surprise of 26.67%. Over the last four quarters, the company has surpassed ...

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 June 30, 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 26- ...

Streaming pay-TV operator Fubo beat Wall Street estimates in the second quarter, reporting a loss of 8 cents a share and $382.7 million in total revenue. The loss improved upon the year-ago quarter's loss of 19 cents a share, while revenue increased 26%. Fubo also said it hit 1.45 million paid subscribers, up 24% from the same period in 2023. The financial results came on the same morning a hearing will begin in federal court in New York in Fubo's antitrust lawsuit against Disney, Fox and Warner Bros. Disco ...

Exhibit 99.1 1 August 6, 2024 Fellow Shareholders: We delivered excellent results in 2Q24. Compared to 2Q23, we grew North America revenue by 26% and subscribers by 24%, exceeding our forecasts. Globally, we successfully achieved meaningful top-line growth alongside continued progress towards our profitability goals and improvements in cash usage, with a year-over-year improvement in Net Loss of $28.4 million, Adjusted EBITDA of $19.6 million, Net cash used in operating activities of $39.2 million and Free ...