NYSE$FUBO
FuboTV Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Delivered strong results with continued top-line growth and bottom-line improvements.
FuboTV reported strong Q3 results with North America revenue growth of 21% and subscriber growth of 9% year-over-year. The company also saw improvement in profitability metrics, including a $29.8 million improvement in Net Loss and a $33.8 million improvement in Adjusted EBITDA.
- Achieved North America revenue growth of 21% and subscriber growth of 9% year-over-year.
- Improved Net Loss by $29.8 million and Adjusted EBITDA by $33.8 million year-over-year.
- Net cash provided by operating activities improved by $27.4 million, and Free Cash Flow improved by $31.3 million year-over-year.
- Upfront commitments for the 2024-2025 advertising season are up over 40% compared to the 2023-2024 season.
Headline financials
Revenue & EPS history
fuboTV · Revenue · Quarterly
$386M
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's FY 2024 subscriber guidance projects 1,665,000 to 1,705,000 subscribers in North America and 345,000 to 355,000 subscribers for Rest of World. FY 2024 revenue guidance projects $1,580 million to $1,600 million in North America and $33 to $35 million for Rest of World.
Tailwinds
- FY 2024 subscriber guidance projects 1,665,000 to 1,705,000 subscribers in North America, representing 4% year-over-year growth at the midpoint.
- FY 2024 revenue guidance projects $1,580 million to $1,600 million in North America, representing 19% year-over-year growth at the midpoint.
- 4Q 2024 revenue guidance projects $426 million to $446 million in North America, representing 9% year-over-year growth at the midpoint.
- FY 2024 revenue guidance projects $33 to $35 million for Rest of World, representing 4% year-over-year growth at the midpoint.
- Fubo sees constant disruption in the streaming industry as an opportunity to build a distinctive sports entertainment streaming platform.
Headwinds
- FY 2024 subscriber guidance now projects 345,000 to 355,000 subscribers for Rest of World, representing a 14% year-over-year decline at the midpoint.
- 4Q 2024 revenue guidance projects $8 to $9 million for Rest of World, representing 0% year-over-year growth at the midpoint.
- Ability to achieve or maintain profitability.
- Risks related to access to capital and fundraising prospects to fund financial operations and support planned business growth.
- Given the many unknowns related to the potential launch of the defendants’ sports streaming joint venture, including the outcome of our antitrust lawsuit, our forward-looking statements with respect to our anticipated financial performance in future periods, including our profitability goals, do not reflect any potential impact of the launch to our business.
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 2024
-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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