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 ...

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. ...

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]

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. (NYSE:FUBO) Q4 2023 Earnings Conference Call March 1, 2024 8:30 AM ET Company Participants Alison Sternberg - Senior Vice President of Investor Relations David Gandler - Co-Founder and CEO John Janedis - Chief Financial Officer Conference Call Participants Laura Martin - Needham and Company David Joyce - Seaport Research Partners Nik Aluru - JPMorgan Darren Aftahi - ROTH MKM Shweta Khajuria - Evercore ISI Clark Lampen - BTIG Jim Goss - Barrington Research Brett Knoblauch - Cantor Fitzgerald Ope ...

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 ...

FuboTV Inc. (FUBO) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32%. A quarter ago, it was expected that this company would post a loss of $0.25 per share when it actually produced a loss of $0.22, delivering a surprise of 12%.Over the last four quarters, the company has surpassed consensu ...

NEW YORK--(BUSINESS WIRE)--FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the fourth quarter and full year ended December 31, 2023. The Company exceeded guidance across key financial and operating metrics in North America, posting double digit year-over-year (YoY) revenue and subscriber growth during the fourth quarter. Fubo ended the quarter with 1.618 million paid subscribers, up 12% YoY, and $402 million in total r ...