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 · $1.48B total across 4 segments · Q3 2025

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

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 19 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
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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