NYSE$FUBO

FuboTV Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

fuboTV's Q3 2021 earnings showcased strong growth in subscribers, revenue, and advertising, alongside margin expansion and strategic acquisitions.

fuboTV announced a record third quarter with significant growth across key metrics. Total paid subscribers increased by 108% to 944,605, total revenue grew by 156% to $156.7 million, and advertising revenue increased by 147% to $18.6 million. The company also increased its full year 2021 revenue guidance to $612-617 million and year-end subscriber guidance to 1,060,000-1,070,000.

  • Total paid subscribers increased by 108% year-over-year to 944,605.
  • Total revenue grew by 156% year-over-year to $156.7 million.
  • Advertising revenue increased by 147% year-over-year to $18.6 million.
  • fuboTV passed the one million subscriber mark since closing the quarter.

Headline financials

Total Revenue

$157M

Previous: $61.2M+156.0%
EPS (adj)

-$0.59

Previous: -$1.65+64.2%
Capital Expenditures

-$3.86M

Previous: -$103K-3649.5%
Free Cash Flow

-$110M

Previous: -$274M+60.0%
Net Income

-$106M

Previous: -$274M+61.4%
Operating Income

-$103M

Previous: -$302M+65.8%
Gross Profit

-$1M

No prior period
Cash & Equivalents

$393M

Previous: $38.9M+911.6%
Total Assets

$1.16B

Previous: $799M+45.2%
Stock-Based Comp

$12.7M

No prior period

Revenue & EPS history

fuboTV · Revenue · Quarterly

$157M

Q3 2021+156%vs Q3 2020
Beat estimate in 6 of 8 quarters(75%)
ActualEstimate

Revenue by segment

fuboTV · $1.48B total across 4 segments · Q3 2025

  • Related party
    $1.07B—
  • Subscription
    $300M—
  • Advertising
    $109M—
  • Other
    $4.52M—

Forward guidance

fuboTV is increasing its full year 2021 revenue guidance to $612-617 million, representing a 135% increase at the mid-point compared to 2020. The company is also increasing its end-of-year subscriber guidance to 1,060,000-1,070,000, representing a 94% increase at the midpoint compared to 2020.

Tailwinds

  • Revenue guidance increased to $612-617 million, representing 135% year-over-year growth.
  • Year-end subscriber guidance increased to 1,060,000-1,070,000, representing 94% year-over-year growth.
  • The guidance implies fourth quarter revenue to be between $205 million and $210 million, up 97% year-over-year at the midpoint.
  • Subscriber outlook implies full year 2021 net additions of approximately 517,120, 123% higher than full year 2020.
  • Guidance does not include any projected revenues from Fubo Sportsbook nor from fourth quarter 2021 M&A activity.

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 Q3 2021

Historical avgQ3 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
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%——
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———

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