NYSE$FUBO
FuboTV Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Fubo's Q3 results exceeded guidance, with subscriber and revenue growth and improved cash usage.
Fubo's Q3 2023 results exceeded guidance, with 20% year-over-year subscriber growth and 43% year-over-year revenue growth in North America. The company also saw a healthy year-over-year improvement in cash usage and ended the quarter with $266 million in cash, cash equivalents and restricted cash. They are raising their full year 2023 revenue and subscriber guidance in NA.
- Q3 2023 Net Loss from continuing operations was $84.4 million, leading to an earnings per share (EPS) loss of $0.29.
- Adjusted EPS in the third quarter of 2023 improved to a loss of $0.22, compared to an adjusted EPS loss of $0.46 in Q3 2022.
- Fubo delivered North America ad revenue of $30.3 million in the quarter, an increase of 34% year-over-year.
- Subscriber related expenses (SRE), which decreased from 95% to 89% of revenue in Q3 versus the same prior year period.
Headline financials
Revenue & EPS history
fuboTV · Revenue · Quarterly
$321M
Revenue by segment
fuboTV · $1.48B total across 4 segments · Q3 2025
- Related party$1.07B—72.1%
- Subscription$300M—20.3%
- Advertising$109M—7.4%
- Other$4.52M—0.3%
Forward guidance
Fubo is raising its prior FY 2023 revenue and subscriber guidance.
Tailwinds
- Projecting 1.584 million to 1.599 million subscribers (vs. prior guidance of 1.565 to 1.585 million), representing 10% year-over-year growth at the midpoint.
- Projecting revenue of $1.319 billion to $1.324 billion (vs. prior guidance of $1.260 billion to $1.280 billion), representing 34% year-over-year growth at the midpoint.
- Projecting Q4 2023 revenue of $385.0 million to $390.0 million, representing 24% year-over-year growth at the midpoint.
- Updated FY 2023 guidance projects 387,500 to 392,500 subscribers, representing a 7% year-over-year decline at the midpoint.
- Projecting revenue of $32.0 million to $33.0 million, representing 33% year-over-year growth at the midpoint.
Headwinds
- Updated FY 2023 guidance projects 387,500 to 392,500 subscribers, representing a 7% year-over-year decline at the midpoint.
- For Q4 2023 we are projecting revenue of $7.6 million to $8.6 million, representing 13% year-over-year growth at the midpoint.
- Our ability to achieve or maintain profitability.
- Risks related to our access to capital and fundraising prospects to fund our financial operations and support our planned business growth.
- Our revenue and gross profit are subject to seasonality.
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 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 |
|---|---|---|---|---|
| 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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