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]

Core Insights - fuboTV Inc. reported revenue of $386.21 million for the quarter ended September 2024, reflecting a year-over-year increase of 20.3% [1] - The company's EPS was -$0.08, an improvement from -$0.22 in the same quarter last year [1] - Revenue exceeded the Zacks Consensus Estimate of $377.62 million by 2.27%, while the EPS surprise was 33.33% against the consensus estimate of -$0.12 [1] Financial Performance Metrics - Paid Subscribers in the Rest of World streaming segment totaled 378,000, below the estimated 399,500 [3] - Paid Subscribers in North America reached 1,613,000, slightly below the estimate of 1,617,500 [3] - Advertising revenue was reported at $27.05 million, missing the average estimate of $29.30 million, representing a year-over-year decline of 11.6% [3] - Subscription revenue was $356.58 million, surpassing the estimate of $347.57 million, marking a year-over-year increase of 23.1% [3] - Other revenues amounted to $2.58 million, exceeding the average estimate of $1.48 million, reflecting a significant year-over-year increase of 258.1% [3] Stock Performance - fuboTV shares have returned +20% over the past month, contrasting with a -1% change in the Zacks S&P 500 composite [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

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 ...

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 ...

Neither has performed well this year, but one of them remains a good long-term bet. This is something of a golden age of streaming services. There are more of them than ever before -- more than 200, according to some estimates. However, streaming likely hasn't peaked. Even in countries where the market enjoys solid penetration, like the U.S., streaming captures less than 50% of television viewing time monthly. So there is substantial room for streaming companies to grow worldwide, and some of them could del ...

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 ...

Jose Luis Pelaez Inc/DigitalVision via Getty Images Co-Authored By Noah Cox and Brock Heilig Investment Thesis fuboTV Inc. (NYSE:FUBO) shares have suffered a significant drop-off since 2021, as shares have fallen 97.11% from the company's all-time high of $62.29/share. As self-described on their website, Fubo is "the world's only sports-focused live TV streaming service." 1D 5D 1M 6M MAX Basic A FUBO Shares (Seeking Alpha) Over the last 3 years, however, the company has suffered from a series of growth shoc ...

Core Viewpoint - fuboTV has faced significant challenges in the competitive streaming market, but a recent court ruling has temporarily boosted its stock price, raising questions about its long-term viability and profitability [2][6][10] Group 1: Recent Developments - A judge recently blocked a deal involving major companies (Walt Disney, Fox, and Warner Bros. Discovery) that would have negatively impacted fuboTV's growth prospects [2][3] - Following the court ruling, fuboTV's shares have increased by over 35% in the past three months [2] Group 2: Market Dynamics - The streaming market has become fragmented, making it difficult for consumers to access all desired sports content without multiple subscriptions [3][5] - The cost to watch every NFL game without cable is approximately $1,758, highlighting the broken nature of the current streaming model [4][5] Group 3: Financial Health - fuboTV has incurred losses exceeding $235 million in the trailing 12 months, indicating ongoing profitability challenges [6][8] - The company has burned through nearly $100 million in cash from operations in the past six months, with only $155 million in cash and cash equivalents remaining as of June [9] Group 4: Future Outlook - The recent court ruling may provide only a short-term boost to fuboTV, as the underlying issues of profitability remain unresolved [9][10] - Without a stronger business model, fuboTV's stock is projected to decline further, making it a less attractive investment compared to other growth stocks [10]

There are too many risks and downsides to seriously consider the stock. FuboTV (FUBO 4.85%) has established itself as a leading streaming service for live sports. The company has racked up nearly 1.5 million subscribers in North America, with each paying $85.69 per month on average, along with another 0.4 million lower-value subscribers around the world. One thing the company has failed to do, though, is figure out how to turn a profit. On $391 million in revenue during the second quarter of 2024, FuboTV re ...

FuboTV may have just gotten a second lease on life. Shareholders of FuboTV (FUBO -1.98%) stock are having a banner week. After some important news last Friday, shares have been plowing higher all week as the company helps explain the impacts of a big courtroom win. Fubo stock was up by as much as 38% at the peak this week. Heading into the final day of trading, shares were still up by 29.4% for the week, according to data provided by S&P Global Market Intelligence. That surge has helped ease the pain for lo ...