NYSE$FUBO
FuboTV Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
fuboTV announced Q3 2020 results, delivering the strongest quarter in company history and exceeding raised guidance with solid growth in revenue, subscription and engagement.
fuboTV's Q3 was the strongest in its history, with subscription revenue growing 64% year-over-year, ad revenue growing 153% year-over-year, and ending the quarter with 455,000 paid subscribers. The company exceeded targets in key metrics due to a heavy sports calendar, busy news cycle, and Hollywood’s fall entertainment season. The outlook for Q4 is also solid.
- Subscription revenue grew 64% year-over-year.
- Advertising revenue grew 153% year-over-year.
- Ended the quarter with an all-time high of 455,000 paid subscribers.
- fuboTV intends to expand into the online sports wagering market.
Headline financials
Revenue & EPS history
fuboTV · Revenue · Quarterly
$61.2M
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
fuboTV raised Q4 guidance and expects revenues to be $80-85 million, a 51% to 60% increase year-over-year. They also expect to end the fourth quarter with 500,000-510,000 paid subscribers, an increase of 58% to 62% year-over-year. Full year 2020 revenue is expected to be $244-248 million, an increase of over 65% year-over-year. Full year 2021 revenue is expected to be $415-435 million, an increase of over 70% year-over-year.
Tailwinds
- Q4 revenues are expected to be $80-85 million, a 51% to 60% increase year-over-year.
- Expect to end the fourth quarter with 500,000-510,000 paid subscribers, an increase of 58% to 62% year-over-year.
- Full year 2020 revenue is expected to be $244-248 million, an increase of over 65% year-over-year.
- Full year 2021 revenue is expected to be $415-435 million, an increase of over 70% year-over-year.
- Sports have returned despite the ongoing pandemic driving increased subscriber growth, viewership and ad revenue.
Headwinds
- Risks related to the ability to realize the anticipated benefits of the merger.
- Risks related to the combined entity’s access to capital and fundraising prospects to fund its ongoing operations and its ability to continue as a “going concern”.
- Risks related to diverting management’s attention from fuboTV’s ongoing business operations to address integration and fundraising efforts.
- Risks related to our ability to successfully develop and market a sports wagering offering.
- Effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies, including the impact of COVID-19 on the broader market.
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 Q3 2020
-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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| Q2 2011 | — | — | — |
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