fuboTV(US:FUBO)2025-11-03 12:05Financial Performance - Total revenue in North America for Q3 2025 was $368.6 million, with 1.63 million paid subscribers, marking the highest-ever third quarter subscriber count [2]. - The company reported a net loss of $18.9 million in Q3 2025, an improvement from a net loss of $54.7 million in Q3 2024 [11]. - Adjusted EBITDA for Q3 2025 was $6.9 million, representing a $34.5 million improvement year-over-year [13]. - Total revenues for the three months ended September 30, 2025, were $377,195, a decrease of 2.8% compared to $386,207 for the same period in 2024 [35]. - Subscription revenue was $350,338, down from $356,575, while advertising revenue decreased to $25,386 from $27,054 [35]. - The operating loss narrowed to $(20,150) for the three months ended September 30, 2025, compared to $(58,632) for the same period in 2024 [35]. - Net income attributable to common shareholders for the three months ended September 30, 2025, was $(18,866), an improvement from $(52,423) in the same period of 2024 [35]. - Adjusted EBITDA for the three months ended September 30, 2025, was $6,924,000, compared to $(27,562,000) for the same period in 2024, indicating a significant improvement [49]. - Adjusted EBITDA Margin for September 30, 2025, was 1.8%, up from -7.1% in September 2024, reflecting enhanced operational efficiency [49]. - Net income (loss) from continuing operations for the three months ended September 30, 2025, was $(18,866,000), compared to $(54,259,000) in the same period of 2024, showing a reduction in losses [54]. - Adjusted EPS from continuing operations for the three months ended September 30, 2025, was $0.02, compared to $(0.08) in September 2024, indicating a positive shift in earnings per share [54]. - For the trailing twelve months ended September 30, 2025, Adjusted EBITDA was $17,471,000, a recovery from $(127,508,000) in the previous year [50]. Subscriber Metrics - The number of paid subscribers is a key performance metric, reflecting the size of the user base, with only those who have activated a payment method counted [40]. - The business combination with Hulu + Live TV created the sixth-largest Pay TV service in the U.S., with nearly 6 million subscribers [4]. - Total revenue in North America for Q3 2025 was $368.6 million, with 1.63 million paid subscribers, marking the highest-ever third quarter subscriber count [2]. Cash Flow and Assets - Free Cash Flow in Q3 2025 was -$9.4 million, a decrease of $8.3 million compared to Q3 2024 [16]. - Cash and cash equivalents increased to $274,150 as of September 30, 2025, compared to $161,435 at December 31, 2024 [37]. - Total assets grew to $1,198,855 as of September 30, 2025, up from $1,077,428 at December 31, 2024 [37]. - The company reported a net cash provided by operating activities of $120,269 for the nine months ended September 30, 2025, compared to $(99,314) for the same period in 2024 [38]. - The company reported net cash provided by operating activities of $141,119,000 for the trailing twelve months ended September 30, 2025, compared to $(96,534,000) in the prior year, indicating improved cash generation [53]. Expenses and Legal Costs - Total operating expenses for the three months ended September 30, 2025, were $397,345, a reduction of 10.7% from $444,839 in the prior year [35]. - Stock-based compensation for the three months ended September 30, 2025, was $9,101,000, slightly down from $9,324,000 in the same period of 2024 [54]. - The company incurred $32,600,000 in certain litigation and transaction expenses for the trailing twelve months ended September 30, 2025, compared to $19,598,000 in the previous year, reflecting increased legal costs [50]. Advertising Revenue - North America advertising revenue for Q3 2025 was $25.0 million, reflecting a 7% decline year-over-year [18]. - Revenue from innovative non-video ad formats increased by 152% year-over-year in Q3 2025 [20]. Shareholder Information - The company ended Q3 2025 with 342,664,855 shares of common stock issued and outstanding [17]. - The weighted average shares outstanding for the three months ended September 30, 2025, was 342,504,107, compared to 331,582,813 in the same period of 2024, indicating a slight increase in share count [54].