NYSE$FUBO
FuboTV Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
FuboTV's Q2 2022 earnings demonstrated strong revenue growth, with a focus on achieving profitability and positive free cash flow by 2025.
FuboTV reported strong revenue growth in Q2 2022, driven by North American subscription revenue growth of 70% year-over-year and ad revenue growth of 32% year-over-year. The company is focusing on reducing cash burn and improving unit economics, while exploring strategic options for its interactive wagering business.
- North American subscription revenue grew 70% year-over-year.
- Ad revenue increased by 32% year-over-year.
- The company is undergoing a strategic review of its interactive wagering business.
- FuboTV is targeting positive free cash flow in 2025.
Headline financials
Revenue & EPS history
fuboTV · Revenue · Quarterly
$222M
Revenue by segment
fuboTV · $224M total across 2 segments · Q2 2022
- Subscription$202M+76.6%90.3%
- Advertising$21.7M+31.5%9.7%
Forward guidance
FuboTV provided guidance for Q3 2022 and updated full-year 2022 guidance for North America and ROW streaming, reflecting subscriber and revenue expectations.
Tailwinds
- Q3 2022 North America subscribers are projected to be 1,135,000 - 1,155,000, representing 22% year-over-year growth at the midpoint.
- Q3 2022 North America revenue is projected to be $200 - $205 million, representing 29% year-over-year growth at the midpoint.
- Full-year North America revenue is guided to $910 - $930 million, representing 45% year-over-year growth at the midpoint.
- Full-year North America subscribers are guided to 1,330,000 - 1,350,000, representing 19% year-over-year growth at the midpoint.
- Full-year ROW subscribers are guided to 340,000 - 360,000.
Headwinds
- Full-year revenue guidance was revised down from $1,020 - $1,030 million to $910 - $930 million.
- Full-year subscriber guidance was revised down from 1,465,000 - 1,475,000 to 1,330,000 - 1,350,000.
- The downward revision of full-year guidance takes into account the impact of the subscriber shortfall in the second quarter.
- The revenue guidance also reflects the expected pace of subscriber growth within the third quarter and throughout the remainder of the year.
- Guidance does not include any projected revenues from online sports wagering.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 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 |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| 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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