NYSE$FUBO
FuboTV Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Fubo posted results that exceeded guidance, including subscriber and revenue growth, and demonstrated focus on unit economics, cost control and profitability.
FuboTV's Q2 2023 results exceeded guidance with 23% year-over-year subscriber growth and 41% revenue growth in North America. The company improved cash usage, maintained a strong balance sheet with $299.7 million in cash, and raised full year 2023 revenue and subscriber guidance in North America.
- Fubo posted Q2 North America subscriber growth ahead of guidance.
- North America Subscription revenue growth of 45% year-over-year was driven by both expansion in ARPU and the addition of regional sports networks (RSNs).
- North America Advertising revenue grew 5% year-over-year.
- Fubo delivered North America ad revenue of $22.8 million in the quarter, an increase of 5% year-over-year.
Headline financials
Revenue & EPS history
fuboTV · Revenue · Quarterly
$313M
Revenue by segment
fuboTV · $222M total across 2 segments · Q2 2023
- Subscription$199M-1.5%89.7%
- Advertising$22.8M+5.1%10.3%
Forward guidance
Fubo is raising its prior FY 2023 revenue and subscriber guidance. FY 2023 guidance now projects 1,565,000 to 1,585,000 subscribers, and revenue of $1,260 to $1,280 million. Q3 2023 guidance projects 1,327,000 to 1,347,000 subscribers, and revenue of $272.5 to $277.5 million.
Tailwinds
- FY 2023 guidance now projects 1,565,000 to 1,585,000 subscribers, representing 9% year-over-year growth at the midpoint.
- FY 2023 revenue guidance of $1,260 to $1,280 million, representing 29% year-over-year growth at the midpoint.
- FY 2023 revenue guidance implies $648 million of revenue at the midpoint in the second half of the year.
- Q3 2023 guidance projects 1,327,000 to 1,347,000 subscribers, representing 9% year-over-year growth at the midpoint.
- Q3 2023 revenue of $272.5 to $277.5 million, representing 25% year-over-year growth at the midpoint.
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 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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