This stock is down 95% in the past 3 years.In this video, I will go over fuboTV's (FUBO -5.59%) third-quarter earnings. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 1, 2024. The video was published on Nov. 4, 2024. ...

Company Analysis - The analyst expresses a bearish outlook on fuboTV (NYSE: FUBO) due to concerns about competitive pressures in the streaming space [1] - Despite being a fan of the streaming industry, the analyst struggles with the challenges faced by fuboTV [1] Industry Focus - Crude Value Insights is an investing service and community that focuses on the oil and natural gas sector [1] - The service emphasizes cash flow analysis and identifies companies with strong value and growth prospects in the oil and gas industry [1] Service Offerings - Subscribers gain access to a 50+ stock model account, in-depth cash flow analyses of E&P (Exploration and Production) firms, and live chat discussions about the sector [2] - A two-week free trial is available for new subscribers to explore the service [2]

Revenue and Subscriber Growth - Fubo's subscription revenue is primarily generated through its website and third-party app stores, offering basic plans with optional add-ons and features[163][175] - Fubo's revenue and subscriber additions peak in Q3 and Q4, driven by the start of the NFL and college football seasons[173] - Total revenues for Q3 2024 increased to $386.2 million, up by $65.3 million (20.4%) compared to Q3 2023, driven by a $67.0 million increase in subscription revenue[189] - Subscription revenue for Q3 2024 rose to $356.6 million, up by 23.1% YoY, with $50.5 million from subscriber growth and $16.5 million from higher subscription prices and attachments[189] - North America paid subscribers increased to 1.6 million as of September 30, 2024, compared to 1.5 million in 2023, while ROW paid subscribers remained stable at 0.4 million[209] - North America ARPU increased to $85.64 for Q3 2024, up from $83.51 in Q3 2023, while ROW ARPU rose to $7.50 from $6.98 during the same period[211] - Subscription Revenue (GAAP) for Q3 2024 was $356.6 million, up from $289.6 million in Q3 2023, while Advertising Revenue (GAAP) decreased to $27.1 million from $30.6 million[214] Advertising Revenue and Competition - Fubo's advertising revenue is derived from fees charged for displaying ads within streamed content, competing with traditional media and other streaming platforms[171][177] - The company faces significant competition, including from Disney, Fox, and WBD's proposed sports streaming service, which could impact subscriber growth and profitability[168] - The company operates in a highly competitive environment, with aggressive promotions by competitors potentially affecting its value proposition[167] - Advertising revenue for Q3 2024 decreased by $3.5 million (11.4%) to $27.1 million due to fewer impressions sold[189] Operating Expenses and Costs - Subscriber-related expenses, primarily content streaming costs, represent the largest component of the company's operating expenses[172][178] - Subscriber-related expenses for Q3 2024 increased by $31.6 million (11.0%) to $317.7 million, primarily due to higher affiliate distribution costs and subscriber growth[191] - Broadcasting and transmission expenses for Q3 2024 decreased by $0.8 million (5.3%) to $14.4 million, driven by cloud infrastructure optimization[193] - Sales and marketing expenses for Q3 2024 decreased by $5.3 million (8.8%) to $55.2 million, mainly due to reduced marketing and stock-based compensation costs[195] - Technology and development expenses for Q3 2024 increased by $3.7 million (21.1%) to $21.2 million, primarily due to higher payroll costs[196] - General and administrative expenses for Q3 2024 increased by $10.7 million (67.3%) to $26.5 million, driven by higher legal fees and payroll expenses[197] Financial Performance and Profitability - Gross Profit for Q3 2024 was $54.1 million, a significant increase from $19.7 million in Q3 2023, with Gross Margin improving to 14.0% from 6.1%[213] - Net loss from continuing operations for Q3 2024 improved to $54.7 million, compared to $84.5 million in Q3 2023, reflecting better operational performance[187] - Other income for Q3 2024 was $4.1 million, a $5.6 million improvement YoY, primarily due to a $7.8 million gain on debt extinguishment[200] Cash Flow and Financial Position - The company repurchased $46.9 million principal amount of the 2026 Convertible Notes for $27.1 million during the nine months ended September 30, 2024[219] - The company sold 33.2 million shares of common stock under the ATM Program, generating net proceeds of approximately $43.3 million during the nine months ended September 30, 2024[220] - As of September 30, 2024, the company had $152.3 million in cash, cash equivalents, and restricted cash[221] - Net cash used in operating activities decreased to $96.5 million during the nine months ended September 30, 2024, compared to $173.0 million in the same period of 2023[226] - Net cash used in investing activities decreased to $11.3 million during the nine months ended September 30, 2024, compared to $16.1 million in the same period of 2023[227] - Net cash provided by financing activities decreased to $11.5 million for the nine months ended September 30, 2024, compared to $114.5 million for the same period in 2023, primarily due to lower proceeds from the ATM Program and repurchases of convertible notes[228] - Net cash used in operating activities increased to $2.8 million for the nine months ended September 30, 2024, compared to $2.6 million for the same period in 2023, driven by the wind-down of Fubo Sportsbook[230] - As of September 30, 2024, the company had $152.3 million in cash, cash equivalents, and restricted cash, with $330.2 million of outstanding indebtedness, including $144.8 million of 2026 Convertible Notes and $177.5 million of 2029 Convertible Notes[241] Content and Business Model Risks - The company's ability to acquire and retain desirable content at competitive prices is critical, with increasing content costs posing a risk to margins[172] - Fubo's business model depends on growing ad inventory and shifting advertising dollars from traditional TV to connected TV, which may be impacted by macroeconomic conditions[171] - Fubo relies on paid marketing channels (e.g., social media, search advertising) to grow its brand and attract new subscribers, with potential risks if these channels become less efficient[166] Discontinued Operations and Impairment - The company ceased operations of its Fubo Sportsbook on October 17, 2022, with results reported as discontinued operations[164][165] - The company conducted a goodwill impairment test as of March 31, 2024, due to sustained decreases in stock price and market capitalization, and determined that goodwill was not impaired[234] - The March 31, 2024 goodwill impairment test allocated 50% to income-based and 50% to market-based approaches, with significant inputs including a control premium of 20.0%, a discount rate of 31.5%, and revenue multiples of 0.4x to 0.5x[236] Currency and International Revenue - Revenues denominated in currencies other than the U.S. dollar accounted for approximately 2.3% of consolidated revenues for the three and nine months ended September 30, 2024[242]

Financial Data and Key Metrics - Total revenue for Q3 2024 reached $377 million, up 21% year-over-year [5] - Paid subscribers grew to 1,613,000, a 9% year-over-year increase [5] - Adjusted EBITDA improved by $33.8 million in Q3 2024 compared to Q3 2023, contributing to a nearly $100 million year-over-year improvement over the trailing 12 months [6] - Net loss improved to $54.7 million from $84.4 million in Q3 2023, with a per-share loss of $0.17 compared to $0.29 in Q3 2023 [14] - Adjusted EBITDA loss was $27.6 million, a significant improvement from $61.4 million in Q3 2023 [14] - Adjusted EPS loss improved to $0.08 from $0.22 in Q3 2023 [14] - Free cash flow improved by $31 million, nearly achieving positive free cash flow for the quarter [16] Business Line Data and Key Metrics - North America revenue grew 21% year-over-year, driven by strong subscriber growth and monetization efforts [12] - Rest of World revenue grew 6% year-over-year, with subscriber growth reaching 378,000 [12][13] - Advertising revenue in North America declined 11% year-over-year due to tough comparisons and content portfolio adjustments [7] Market Data and Key Metrics - Nearly 50 million households in the US still subscribe to Legacy pay-TV, a decline of over 50% compared to 105 million in 2010 [8] - Approximately 30% of Legacy pay-TV customers have switched to virtual MVPDs over the trailing 12 months [8] - The company expects Q4 2024 North America subscriber growth of 4% year-over-year, with revenue projected to grow 9% year-over-year [17] - Rest of World subscriber guidance for Q4 2024 is a 14% year-over-year decline, with revenue expected to remain flat [19] Company Strategy and Industry Competition - The company is focused on its 2025 profitability target, emphasizing cost controls and revenue growth [6][12] - FuboTV is positioning itself as a leader in the virtual MVPD space, offering standalone subscriptions and a Fubo Free Tier to attract a broader consumer base [9][10] - The company believes the shift to virtual MVPDs is necessary to offset the decline of traditional pay-TV and enable media companies to grow revenue and profits [9] - FuboTV won a preliminary injunction against a sports streaming joint venture involving Disney, Fox, and Warner Brothers Discovery, citing anti-competitive practices [11] Management Commentary on Operating Environment and Future Outlook - Management is encouraged by the maturing streaming market and the company's ability to meet consumer needs [8] - The company expects to add gamification features to its interactive ad offerings in Q4 2024, enhancing the advertising experience [8] - Management remains confident in the company's long-term positioning despite short-term industry disruptions [9] - The company is committed to maintaining discipline in subscriber acquisition costs and monetization efforts [19] Other Important Information - The company ended Q3 2024 with $152.3 million in cash, cash equivalents, and restricted cash [16] - FuboTV is focused on innovation and executional discipline to drive progress toward profitability goals [20] Q&A Session Summary Question: Why is Fubo Free Tier limited to prior and current subscribers? - The company is managing the Free Tier carefully to avoid impacting conversion rates and subscriber acquisition costs, with plans to eventually make it available to all users [23] Question: Is the virtual MVPD model sustainable long-term? - The company believes the virtual MVPD model remains viable, offering consumers a wide range of flexible and competitively priced options [25] Question: What drove advertising revenue dynamics in Q3 2024? - Political advertising contributed to a record year, but the drop of Discovery Scripts content earlier in the year impacted ad ARPU [27][28] Question: Are there other headwinds beyond Discovery affecting ad ARPU? - The company faced a tough 34% year-over-year comp in Q3 2024, but expects sequential and year-over-year improvements in ad ARPU for Q4 2024 [31] Question: How do standalone premium packages compare to the virtual MVPD in terms of profitability? - Standalone premium packages are expected to be accretive to margin dollars, with no significant cannibalization of the virtual MVPD product [31]

For the quarter ended September 2024, fuboTV Inc. (FUBO) reported revenue of $386.21 million, up 20.3% over the same period last year. EPS came in at -$0.08, compared to -$0.22 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $377.62 million, representing a surprise of +2.27%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being -$0.12.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

FuboTV Inc. (FUBO) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.04, delivering a surprise of 55.56%.Over the last four quarters, the company has surpassed co ...

Exhibit 99.1 1 November 1, 2024 Fellow Shareholders: We are pleased to report we delivered strong results in 3Q with continued top-line growth and bottom-line improvements. We achieved North America revenue growth of 21% and subscriber growth of 9% year-over-year, exceeding and meeting our targets, respectively. We also saw improvement in our profitability metrics on a global basis in the third quarter, achieving a year-over-year improvement in Net Loss of $29.8 million, Adjusted EBITDA of $33.8 million, Ne ...

These stocks have all lost more than 80% of their value in the past five years.It can sometimes be dangerous to buy stocks and forget about them. While it may be a potentially good strategy for blue chip stocks that generate dividend income and offer long-term stability, it can be quite another thing to hold stocks of companies that have poor financials and growth prospects.If you're holding high-risk investments, then anytime can be a frightful time to look at your portfolio; it doesn't need to be Hallowee ...

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This sports-centric streaming television company just faces a few too many hurdles, not the least of which is its limited marketing firepower resulting from its small size. On the surface streaming-TV outfit fuboTV (FUBO -1.11%) looks like a winner. Conventional cable television is expensive, but streaming this same programming via a broadband connection is a more affordable alternative. Each of Fubo's pricing plans also offers access to more sports channels than you'll typically get with traditional cable ...