NYSE$FUBO

FuboTV Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

fuboTV's Q2 2021 earnings reflect strong growth in subscribers, revenue, and engagement, driven by innovative product experience and strategic investments.

fuboTV reported a record second quarter with significant growth in total paid subscribers, total revenue, and advertising revenue. The company made progress towards profitability goals with increases in advertising and total Monthly ARPU. Increased full year 2021 revenue and year-end subscribers guidance.

  • Total paid subscribers increased 138% year-over-year to 681,721.
  • Total revenue increased 196% year-over-year to $130.9 million.
  • Advertising revenue increased 281% year-over-year to $16.5 million.
  • fuboTV customers streamed 245 million hours of content during the quarter, a 148% increase year-over-year.

Headline financials

Total Revenue

$131M

Previous: $44.2M+196.3%
EPS (adj)

-$0.38

Previous: -$2.82+86.5%
Capital Expenditures

-$2.14M

Previous: -$70K-2954.3%
Free Cash Flow

-$97.1M

Previous: -$99.1M+2.1%
Net Income

-$94.9M

Previous: -$99.1M+4.2%
Operating Income

-$81.1M

Previous: -$67.3M-20.5%
Gross Profit

-$2.01M

Previous: -$18.4M+89.1%
Cash & Equivalents

$407M

Previous: $7.36M+5429.4%
Total Assets

$1.14B

Previous: $1.11B+2.9%
Stock-Based Comp

$24.4M

No prior period

Revenue & EPS history

fuboTV · Revenue · Quarterly

$131M

Q2 2021+196.3%vs Q2 2020
Beat estimate in 6 of 7 quarters(86%)
ActualEstimate

Revenue by segment

fuboTV · $131M total across 2 segments · Q2 2021

  • Subscription
    $114M
  • Advertising
    $16.5M

Forward guidance

fuboTV is increasing its full year 2021 revenue guidance to $560-570 million and year-end subscribers guidance to 910,000-920,000.

Tailwinds

  • Full year 2021 revenue guidance increased to $560-570 million, representing a 116% increase at the mid-point compared to 2020.
  • End-of-year subscribers guidance increased to 910,000-920,000, representing a 67% increase at the midpoint compared to 2020.
  • Third quarter revenue is estimated to be between $140 million and $144 million, up 132% year-over-year at the midpoint.
  • Third quarter end-of-period subscribers are estimated to be between 810,000 and 820,000, up 79% year-over-year at the midpoint.
  • This subscriber outlook implies full year 2021 net additions of at least 367,000, 58% higher than our full year 2020 net additions of 232,000.

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 Q2 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (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%
Q3 2017
Q2 2017
Q1 2017
Q2 2016
Q4 2016
Q1 2016
Q4 2015
Q3 2016
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q4 2011
Q3 2011
Q2 2011

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro