Core Insights - fuboTV Inc. reported revenue of $379.97 million for the quarter ended June 2025, reflecting a year-over-year decline of 2.4% and an EPS of $0.05 compared to -$0.04 a year ago, indicating a significant improvement in earnings performance [1] - The revenue exceeded the Zacks Consensus Estimate of $374.95 million by 1.34%, while the EPS surprise was 150% against the consensus estimate of $0.02 [1] Revenue Breakdown - Advertising revenue was reported at $25.85 million, surpassing the average estimate of $24.47 million, but showing a year-over-year decline of 1.7% [4] - Subscription revenue reached $352.67 million, exceeding the estimated $340.57 million, but also reflecting a decrease of 2.8% compared to the same quarter last year [4] - Other revenues amounted to $1.44 million, falling short of the average estimate of $1.83 million, with a significant year-over-year decline of 17.2% [4] Stock Performance - fuboTV shares have returned +6.6% over the past month, outperforming the Zacks S&P 500 composite's +1.9% change, indicating positive market sentiment [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [3]

分组1 - fuboTV Inc. reported quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, compared to a loss of $0.04 per share a year ago, representing an earnings surprise of +150.00% [1] - The company posted revenues of $379.97 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.34%, although this is a decrease from year-ago revenues of $389.22 million [2] - fuboTV shares have increased approximately 193.7% since the beginning of the year, significantly outperforming the S&P 500's gain of 7.8% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is -$0.01 on revenues of $369.02 million, with a breakeven estimate on revenues of $1.57 billion for the current fiscal year [7] - The Zacks Industry Rank indicates that the Broadcast Radio and Television sector is currently in the bottom 38% of over 250 Zacks industries, suggesting potential challenges for stocks in this sector [8]

Financial Data and Key Metrics Changes - Fubo reported its first quarter of positive adjusted EBITDA, achieving $20,700,000, an improvement of over $30,000,000 year over year [10][13] - North America total revenue was $371,000,000, down 3% year over year, with paid subscribers at 1,356,000, down 6.5% year over year [6][12] - The net loss narrowed to $8,000,000 or $0.02 per share compared to a loss of $25,800,000 or $0.08 per share a year ago [12] Business Line Data and Key Metrics Changes - Ad revenue in North America totaled $25,500,000, a 2% year over year decline primarily due to the loss of certain ad insertable content [12] - In the Rest of World segment, total revenue was $8,700,000, up 4.7% year over year, with paid subscribers at 349,000, down 12.5% year over year [6][12] Market Data and Key Metrics Changes - The company is focused on increasing competition and consumer choice in the pay TV space through its pending business combination with Hulu plus Live TV [6][7] - Fubo's recent launch of pay-per-view services aims to expand its reach and convert casual viewers into monthly subscribers [9] Company Strategy and Development Direction - Fubo is launching Fubo Sports, a skinny content service for sports fans, to enhance its offerings [7] - The company is focused on delivering a premium sports streaming experience with flexible content options at appropriate price points [10] - Fubo aims to unify its technology stack following the acquisition of French assets, which is expected to enhance its capabilities in the market [25][26] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming fall sports season, anticipating a typical seasonal uptick in subscribers [19][20] - The competitive environment remains a focus, with management emphasizing effective marketing strategies to support subscriber retention [20] - Management is bullish on the potential of the French acquisition and the integration of technology to drive value [25][26] Other Important Information - The company ended the quarter with over $285,000,000 in cash, cash equivalents, and restricted cash, providing ample financial flexibility [13] - Fubo's strategy includes offering standalone services and addressing consumer demand for lower-priced options [30][31] Q&A Session Summary Question: Insights on third quarter expectations and competitive environment - Management noted that July subscriber numbers met expectations and anticipated a seasonal uptick with the fall sports season [18][19] Question: Update on the French acquisition and its impact - Management highlighted the integration of technology teams and ongoing discussions for sports rights in France, expressing optimism about future opportunities [25][26] Question: Trends in advertising and the impact of tariff pressures - Management indicated that while there is softness in auto advertising, other categories like retail and tech showed strong growth [38] Question: Directional trend for EBITDA moving forward - Management stated that the business remains seasonal, with 2Q typically being the strongest for adjusted EBITDA, and expected seasonal trends to continue [44] Question: Clarification on subscriber guidance and content partnerships - Management explained that strong interest in Latino products and better retention trends contributed to exceeding subscriber guidance [50][51]

[Preliminary Q2 2025 Financial Results](index=1&type=section&id=Preliminary%20Q2%202025%20Financial%20Results) [Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Fubo announced preliminary Q2 2025 results, expecting to surpass its revenue and subscriber guidance for its global streaming business, anticipating its first-ever quarter of positive Adjusted EBITDA and a significant year-over-year improvement in net loss, alongside a strong cash position - Fubo's global streaming business is expected to exceed its **Q2 2025 revenue and subscriber guidance**[2](index=2&type=chunk) - The company expects its first quarter of **positive Adjusted EBITDA**, marking a significant milestone[3](index=3&type=chunk) - The full earnings release and conference call are scheduled for **August 8, 2025**[2](index=2&type=chunk)[6](index=6&type=chunk) [Regional Performance Breakdown](index=1&type=section&id=Regional%20Performance%20Breakdown) Both the North America and Rest of World (ROW) segments are projected to exceed their prior guidance for revenue and paid subscribers in Q2 2025, with North America revenue expected to surpass $365 million and ROW revenue expected to exceed $8.5 million Q2 2025 Preliminary Results vs. Guidance | Region | Metric | Expected Result | Prior Guidance (Midpoint) | | :--- | :--- | :--- | :--- | | **North America** | Total Revenue | > $365 million | $345 million | | | Paid Subscribers | > 1.350 million | 1.240 million | | **Rest of World (ROW)** | Total Revenue | > $8.5 million | $7 million | | | Paid Subscribers | > 340,000 | 330,000 | [Consolidated Financial Performance](index=1&type=section&id=Consolidated%20Financial%20Performance) Fubo projects a significant improvement in profitability for Q2 2025, with an expected net loss of approximately $8 million (an $18 million YoY improvement) and positive Adjusted EBITDA of at least $20 million (a $30 million YoY improvement), alongside a strong cash position of at least $285 million Q2 2025 Preliminary Consolidated Financials & YoY Improvement | Metric | Q2 2025 (Expected) | YoY Improvement | | :--- | :--- | :--- | | Net Loss | ~$8 million | ~$18 million | | Adjusted EBITDA | ≥ $20 million | ≥ $30 million | | Cash & Equivalents | ≥ $285 million | N/A | [Future Outlook & Guidance](index=1&type=section&id=Future%20Outlook%20%26%20Guidance) Due to the pending business combination with Hulu + Live TV, Fubo is pausing all future subscriber and revenue guidance and has withdrawn its previously stated 2025 profitability target to maintain operational flexibility during this period - Fubo is pausing the provision of future guidance for subscribers and revenue while the proposed business combination with Hulu + Live TV is pending[4](index=4&type=chunk) - The company is withdrawing its previously communicated **2025 profitability target** to retain flexibility[4](index=4&type=chunk) [Non-GAAP Financial Measures & Reconciliations](index=3&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) [Definition of Key Metrics](index=3&type=section&id=Definition%20of%20Key%20Metrics) The company defines "Paid Subscribers" as users who have completed registration and provided a payment method, excluding those on a free trial, and "Adjusted EBITDA" as a non-GAAP measure calculated by adjusting Net Loss from continuing operations for items like depreciation, stock-based compensation, and certain litigation/transaction expenses - Paid Subscribers are defined as total users who have completed registration and activated a payment method, from which payment has been collected, excluding free trial users[12](index=12&type=chunk) - Adjusted EBITDA is a non-GAAP measure defined as Net income (loss) from continuing operations, adjusted for items including depreciation, amortization, stock-based compensation, and certain litigation and transaction expenses[13](index=13&type=chunk) [Reconciliation of Net Loss to Adjusted EBITDA](index=3&type=section&id=Reconciliation%20of%20Net%20Loss%20to%20Adjusted%20EBITDA) Fubo provided a reconciliation of its preliminary Q2 2025 Net Loss to Adjusted EBITDA, expecting a preliminary Adjusted EBITDA of approximately $20.7 million, a significant turnaround from the negative $11.0 million reported in Q2 2024, driven by a lower net loss and adjustments for various expenses Reconciliation of Preliminary Net Income (Loss) to Non-GAAP Preliminary Adjusted EBITDA (in thousands) | | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Preliminary Net income (loss) from continuing operations** | **$ (8,026)** | **$ (25,833)** | | Depreciation and amortization | 10,138 | 9,519 | | Stock-based compensation | 8,253 | 10,308 | | Certain litigation and transaction expenses | 8,271 | 4,856 | | Other (income) expense | 1,875 | (9,941) | | Income tax provision | 152 | 99 | | **Preliminary Adjusted EBITDA** | **$ 20,663** | **$ (10,992)** | - Adjustments for "Certain litigation and transaction expenses" are attributed to antitrust/data privacy litigation and professional advisor costs related to the pending business combination with Hulu + Live TV[17](index=17&type=chunk) [Additional Information & Disclosures](index=2&type=section&id=Additional%20Information%20%26%20Disclosures) [Conference Call Information](index=2&type=section&id=Conference%20Call%20Information) Fubo will host a conference call on Friday, August 8, 2025, at 8:30 a.m. ET to discuss the full second-quarter results, with dial-in details and information for accessing the live webcast provided - A conference call to review full **Q2 2025 results** is scheduled for **August 8, 2025, at 8:30 a.m. ET**, with dial-in and webcast details provided[6](index=6&type=chunk)[7](index=7&type=chunk) [About Fubo](index=2&type=section&id=About%20Fubo) Fubo is a sports-first live TV streaming platform operating in the U.S., Canada, Spain, and France (via Molotov), aiming to be a cable TV replacement in the U.S. by offering over 400 live networks and being the only vMVPD with every English-language Nielsen-rated sports channel - Fubo operates its streaming service in the U.S., Canada, and Spain, and also operates Molotov in France[8](index=8&type=chunk) - In the U.S., Fubo is positioned as a sports-first cable TV replacement, notable for being the first vMVPD to launch features like **4K streaming and MultiView**[9](index=9&type=chunk) [Basis of Presentation](index=3&type=section&id=Basis%20of%20Presentation) The financial information presented is on a "continuing operations" basis, excluding the results from the company's former wagering segment (Fubo Gaming and Fubo Sportsbook), which are now classified as discontinued operations - The financial results presented are for continuing operations and exclude the former wagering reportable segment (Fubo Sportsbook), which is now treated as a discontinued operation[11](index=11&type=chunk) [Forward-Looking Statements & Disclosures](index=5&type=section&id=Forward-Looking%20Statements%20%26%20Disclosures) The press release contains forward-looking statements regarding preliminary financial results and business strategy, which are subject to substantial risks and uncertainties, and includes a financial disclosure advisory stating that the reported numbers are preliminary and may change upon completion of quarter-end financial closing procedures - The release contains forward-looking statements involving risks and uncertainties, and the company disclaims any obligation to update them[18](index=18&type=chunk) - All financial data is preliminary and subject to change as final quarter-end accounting procedures are completed[19](index=19&type=chunk)

Group 1 - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for trending stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] - A safer investment approach involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score [2] Group 2 - fuboTV Inc. (FUBO) is highlighted as a strong candidate for investment, showing a four-week price change of 7.9% [3] - FUBO has gained 47.4% over the past 12 weeks, indicating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 2.28, suggesting it moves 128% higher than the market in either direction, reflecting fast-paced momentum [4] Group 3 - FUBO has a Momentum Score of A, indicating a favorable time to invest based on its momentum characteristics [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [6] - FUBO is trading at a Price-to-Sales ratio of 0.83, suggesting it is undervalued at 83 cents for each dollar of sales [6] Group 4 - FUBO appears to have significant growth potential and is part of a broader list of stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [7] - There are over 45 Zacks Premium Screens available for investors to identify winning stock picks based on their investment style [8]

智通财经7月30日电，美股绩优股盘前走强，星巴克、MARA Holdings涨超4%，FuboTV涨近10%。 ...

Revenues are expected to be $354.45 million, down 8.9% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS ...

Core Viewpoint - FuboTV's stock surged by 9% in pre-market trading following the announcement of an upward revision in its revenue forecast for Q2 2025, now expected to exceed $365 million, compared to the previous estimate of $345 million [1] Company Summary - FuboTV's projected total revenue for Q2 2025 is now over $365 million, an increase from the earlier forecast of $345 million [1]

Core Viewpoint - FuboTV is facing significant challenges with declining subscriber numbers and financial losses, but a recent deal with Walt Disney could provide the necessary momentum for recovery and growth [2][3][10]. Subscriber and Financial Performance - In Q1 2025, Fubo's North American paid subscriber count decreased to 1.47 million from 1.676 million in the previous quarter, while revenue slightly increased to $408 million, but free cash flow remained negative at $62 million [5]. - Internationally, Fubo's subscribers dropped by 11% year over year, with segment revenue stagnating at approximately $8.4 million, and Q2 guidance suggests revenue could decline to as low as $340 million, representing a 10% decrease [6][11]. Disney Partnership - Fubo announced a deal with Walt Disney in January, where Disney and its partners will invest $220 million and provide a $145 million term loan to acquire 70% of Fubo, creating a combined subscriber base of over 6.2 million in North America [7][8]. - This partnership is expected to provide Fubo with scale, capital, and content leverage, which are critical for competing in the live streaming market [8][9]. Future Outlook - While the Disney agreement offers potential for stability, it is not guaranteed to resolve Fubo's issues immediately, and the company must continue to improve its operations [10][12]. - Despite some operational improvements, including a $37 million year-over-year increase in adjusted EBITDA and a $9.3 million improvement in free cash flow, Fubo still faces challenges with rising content costs and subscriber retention [10][11]. - The Disney partnership is seen as essential for Fubo's path to profitability, as competing with larger tech and legacy companies requires either a substantial subscriber base or significant financial resources [11][12][13].

Group 1 - Fubo has accelerated the timeline for closing its sale to Disney, now expecting the transaction to close in Q4 2025 or Q1 2026, pending regulatory approval and shareholder consent [1] - The previous expectation for the deal's closure was in the first half of 2026 [1] - Disney agreed to combine its Hulu + Live TV with Fubo, becoming the majority owner of the combined entity amidst a legal dispute over a proposed sports streaming joint venture [2][3] Group 2 - Post-closing, Fubo and Hulu + Live TV will remain separate offerings, with Hulu + Live TV available in the Hulu app and as part of a bundle with Hulu, Disney+, and ESPN+ [4] - Fubo will continue to operate through its own app and has the right to launch a new Sports & Broadcast service featuring Disney's networks [4] - The new Fubo will be managed by the current team led by CEO David Gandler, with Disney owning 70% of the company [5]