NYSE$FUBO
FuboTV Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
FuboTV reported strong Q4 2022 results, marking an inflection point with over $1 billion in annual revenue and significant advertising growth.
FuboTV's Q4 2022 results showed strong performance, surpassing $1 billion in total annual revenue and $100 million in ad sales annual revenue for the first time. The company also achieved its lowest level of quarterly cash usage as a publicly-traded company and positive gross profit.
- Fubo posted North American subscription revenue growth of 36% year-over-year.
- North American advertising revenue grew 30% year-over-year.
- ROW streaming business ended the quarter with 420,000 total paid subscribers and $7.2 million in total revenue.
- Achieved a sequential improvement in cash usage and year-over-year improvement in Adjusted EBITDA (AEBITDA) Margin.
Headline financials
Revenue & EPS history
fuboTV · Revenue · Quarterly
$319M
Revenue by segment
fuboTV · $266M total across 2 segments · Q4 2022
- Subscription$232M—87.4%
- Advertising$33.6M+29.7%12.6%
Forward guidance
Fubo provides guidance for Q1 2023 and full year 2023, emphasizing ARPU and unit economic expansion. Q1 2023 subscriber guidance projects 1,140,000-1,160,000 subscribers and revenue of $295-$300 million. Full-year guidance projects revenue of $1,195-$1,225 million and subscribers of 1,510,000-1,530,000.
Tailwinds
- Q1 2023 subscriber guidance projects 1,140,000-1,160,000 subscribers.
- Q1 2023 revenue guidance projects revenue of $295-$300 million.
- Full-year guidance projects revenue of $1,195-$1,225 million.
- Full-year guidance projects subscribers of 1,510,000-1,530,000.
- Excluding the estimated impact of the 2022 World Cup, forecasting double-digit growth for 2023 of roughly ~10%.
Headwinds
- Q1 has been softer than Q4, when viewed sequentially, on revenue and subscribers.
- Q1 2023 guidance reflects continued emphasis on ARPU and unit economic expansion, alongside the impact of seasonality.
- Q1 2023 reflects the strong benefit from the World Cup in Q4 2022.
- Q1 2023 reflects recently announced price increases, and additional content adjustments.
- Actual operating results may differ significantly from guidance due to the current macroeconomic environment.
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 2022
-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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