NYSE$FUBO
FuboTV Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Fubo exceeded guidance with subscriber and revenue growth, improved cash usage, and a strengthened balance sheet.
Fubo's Q1 2023 showed strong performance, exceeding guidance with 22% year-over-year growth in subscribers and 34% revenue growth in North America. The company also improved cash usage and strengthened its balance sheet, ending the quarter with $364.8 million in cash and cash equivalents. Fubo is confident in its ability to achieve positive cash flow in 2025.
- Fubo posted 22% year-over-year growth in subscribers.
- North American revenue grew by 34% year-over-year.
- Cash usage significantly improved year-over-year.
- The company ended the quarter with $364.8 million in cash, cash equivalents and restricted cash.
Headline financials
Revenue & EPS history
fuboTV · Revenue · Quarterly
$324M
Revenue by segment
fuboTV · $22.5M total across 1 segment · Q1 2023
- Advertising$22.5M-1.3%100.0%
Forward guidance
Fubo projects strong growth for Q2 2023 and raises full-year guidance, reflecting confidence in continued leadership in streaming and a path to positive cash flow in 2025.
Tailwinds
- North America Streaming Q2 2023 guidance projects 1,120,000 to 1,140,000 subscribers, representing 19% year-over-year growth at the midpoint.
- North America Streaming Q2 2023 guidance projects revenue of $292.5 to $297.5 million, representing 36% year-over-year growth at the midpoint.
- FY 2023 guidance now projects 1,550,000 to 1,570,000 subscribers, representing 8% year-over-year growth at the midpoint.
- FY 2023 guidance now projects revenue of $1,235 to $1,265 million, representing 27% year-over-year growth at the midpoint.
- ROW Streaming Q2 2023 guidance projects 377,500 to 382,500 subscribers, representing 10% year-over-year growth at the midpoint.
Headwinds
- Macro uncertainty continues.
- ROW Streaming FY 2023 guidance projects 395,000 to 415,000 subscribers, representing a 4% year-over-year decline at the midpoint.
- The company acknowledges ongoing customer engagement is needed.
- The company acknowledges ongoing advertising acceleration is needed.
- The company acknowledges the need for continued leadership in streaming.
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 2023
-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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