NYSE$FUBO

FuboTV Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

FuboTV's Q4 2021 earnings showcased triple-digit year-over-year growth in total revenues, advertising revenues, and subscriber growth, along with an expanded adjusted contribution margin.

FuboTV's Q4 2021 results demonstrated consistent execution towards long-term growth and margin targets, with a record performance driven by strategic investments and acquisitions.

  • Total revenue, advertising revenue, and subscriber growth achieved triple-digit year-over-year growth.
  • Adjusted EBITDA margin improved significantly, advancing the path to profitability.
  • Strategic acquisitions of Molotov and Edisn.ai were completed, enhancing technology and international expansion.
  • Fubo Sportsbook was launched in two markets, integrating wagering with the live TV streaming experience.

Headline financials

Total Revenue

$231M

Previous: $105M+119.9%
EPS (adj)

-$0.57

Previous: -$2.47+76.9%
Capital Expenditures

$1.19M

Previous: $63K+1792.1%
Free Cash Flow

-$50.8M

Previous: -$76.6M+33.8%
Net Income

-$112M

Previous: -$77.6M-44.3%
Operating Income

-$115M

Previous: -$84.1M-37.0%
Gross Profit

-$3.31M

Previous: $4.88M-167.7%
Cash & Equivalents

$379M

Previous: $135M+181.2%
Total Assets

$1.37B

Previous: $859M+59.4%
Stock-Based Comp

$17.3M

Previous: $26.7M-35.0%

Revenue & EPS history

fuboTV · Revenue · Quarterly

$231M

Q4 2021+119.9%vs Q4 2020
Beat estimate in 7 of 9 quarters(78%)
ActualEstimate

Revenue by segment

fuboTV · $25.9M total across 1 segment · Q4 2021

  • Advertising
    $25.9M

Forward guidance

FuboTV provided guidance for Q1 2022 and full-year 2022, including revenue and subscriber projections for North America and Rest of World, excluding any projections from online sports wagering.

Tailwinds

  • Q1 2022 revenue projected between $232-$237 million for North America.
  • Q1 2022 subscriber guidance projects 1,028,000-1,033,000 subscribers for North America.
  • Full-year 2022 revenue guidance of $1,080-$1,090 million for North America.
  • Total year-end subscribers of 1,500,000-1,510,000 projected for North America.
  • Continued operating leverage and Adjusted EBITDA improvement expected within global streaming.

Headwinds

  • Q1 has been softer than Q4 on revenue and contribution margin due to seasonality.
  • Q1 2022 revenue projected between $3-6 million for Rest of World.
  • Q1 2022 subscriber guidance projects 235,000-240,000 subscribers for Rest of World.
  • Full-year 2022 revenue guidance of $15-20 million for Rest of World.
  • Total year-end subscribers of 270,000-280,000 projected for Rest of World.

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 Q4 2021

Historical avgQ4 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
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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