NYSE$FUBO
FuboTV Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
fuboTV experienced growth in subscribers and revenue, with North American subscriber growth of 81% year-over-year and ad revenue growth of 81% year-over-year.
fuboTV achieved strong growth in subscribers and revenue, with North American subscriber growth of 81% year-over-year. The company strengthened its balance sheet, ending the quarter with $456.0 million in cash and is targeting positive cash flow and Adjusted EBITDA in 2025.
- North American subscribers increased 81% year-over-year to 1,056,245.
- Total revenue increased 98% year-over-year to $236.7 million in North America.
- Advertising revenue increased 81% year-over-year to $22.8 million in North America.
- Ended the quarter with $456 million in cash.
Headline financials
Revenue & EPS history
fuboTV · Revenue · Quarterly
$242M
Revenue by segment
fuboTV · $237M total across 2 segments · Q1 2022
- Subscription$214M+101.0%90.4%
- Advertising$22.8M+81.0%9.6%
Forward guidance
For Q2 2022, fuboTV projects 965,000-975,000 subscribers and revenue of $220-$225 million for North America Streaming. For the full year, the company is updating its previous guidance, including revenue of $1,020-$1,030 million and total year-end subscribers of 1,465,000-1,485,000. For ROW Streaming, fuboTV is guiding to Q2 2022 revenue of $5-$6 million and subscribers of 300,000-310,000. On a full-year basis, the company is increasing its previous guidance to projected revenue of $20-$25 million and total year-end subscribers of 300,000-310,000.
Tailwinds
- Confident in long-term trajectory of driving growth
- Advancing towards goal of turning cash flow and AEBITDA positive in 2025
- Expect to see operating leverage and AEBITDA margin expansion going forward
- Strategies to drive operating leverage in the business
- Expand unit economics through disciplined growth plan
Headwinds
- Q2 2022 guidance projects a sequential decline
- This guidance does not include any projected revenues from online sports wagering
- Challenging macro environment
- Experienced some pressure on adjusted contribution margin due to slower ad sales growth than initially expected
- Market conditions impacted advertiser demand, and experienced delays in improving ad technology and launching new capabilities for advertisers
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-3.2%
Avg return
Earnings day
-5.6%
Avg return
5 days after
-1.8%
Avg return
30 days after
39%
13 / 33 earnings
Positive
+66.1%
Q1 2023
Best reaction
-28.9%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -15.9% | -19.9% | -23.1% | |
| Q4 2025 | -22.7% | -30.4% | -45.4% | |
| Q2 2025 | +0.0% | +1.6% | +8.4% | |
| Q1 2025 | -17.9% | -10.9% | +24.9% | |
| Q4 2024 | -13.9% | -12.5% | -17.6% | |
| Q3 2024 | -16.7% | -19.0% | -7.5% | |
| Q2 2024 | -5.3% | -3.8% | +26.0% | |
| Q1 2024 | -9.0% | -20.6% | -19.4% | |
| Q4 2023 | -10.6% | -16.4% | -23.7% | |
| Q3 2023 | +8.4% | +4.4% | +21.2% | |
| Q2 2023 | -19.0% | -25.2% | -17.4% | |
| Q1 2023 | +66.1% | +65.2% | +50.0% | |
| Q4 2022 | -17.7% | -27.2% | -52.2% | |
| Q3 2022 | +3.5% | -15.3% | -16.5% | |
| Q2 2022 | +18.8% | +24.0% | +15.8% | |
| Q1 2022 | -28.9% | -26.7% | -26.9% | |
| Q4 2021 | +4.7% | +6.7% | -13.0% | |
| Q3 2021 | -24.4% | -27.1% | -44.0% | |
| Q2 2021 | +13.9% | +3.2% | +4.2% | |
| Q1 2021 | +18.5% | +25.6% | +70.2% | |
| Q4 2020 | -12.0% | -22.7% | -42.1% | |
| Q3 2020 | +9.4% | +4.6% | +97.3% | |
| Q2 2020 | +2.1% | -1.4% | -14.6% | |
| Q1 2020 | -13.1% | +3.3% | -3.0% | |
| Q4 2019 | -4.9% | -14.6% | -5.7% | |
| Q3 2019 | -4.1% | -1.8% | -18.6% | |
| Q2 2019 | +0.5% | +0.5% | +32.9% | |
| Q1 2019 | -3.9% | -1.3% | -9.7% | |
| Q4 2018 | -4.3% | — | — | |
| Q3 2018 | +2.3% | — | — | |
| Q2 2018 | +2.4% | — | — | |
| Q1 2018 | -25.0% | — | — | |
| Q4 2017 | +12.9% | — | — | |
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