NYSE$FUBO
FuboTV Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
FuboTV exceeded guidance across key financial and operational metrics, demonstrating growth in subscribers and revenue, and improvements in profitability.
FuboTV's Q4 2023 results showed a 12% year-over-year growth in subscribers and a 29% year-over-year revenue growth in North America. The company also saw improvements in profitability and cash usage.
- Fubo posted 12% year-over-year growth in subscribers.
- Revenue increased 29% year-over-year in North America.
- Average revenue per user reached an all-time high of $86.65.
- Free cash flow improved by $15 million compared to Q4 2022.
Headline financials
Revenue & EPS history
fuboTV · Revenue · Quarterly
$410M
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
Fubo projects subscriber and revenue growth for FY 2024, with a focus on profitability and strategic investments.
Tailwinds
- FY 2024 subscriber guidance projects 1,665,000 to 1,685,000 subscribers, representing 4% year-over-year growth at the midpoint.
- FY 2024 revenue guidance projects $1,505 to $1,525 million, representing 13% year-over-year growth at the midpoint.
- Q1 2024 subscriber guidance projects 1,415,000 to 1,435,000 subscribers, representing 11% year-over-year growth at the midpoint.
- Q1 2024 revenue guidance projects $365 to $375 million, representing 17% year-over-year growth at the midpoint.
- The company believes that its balance sheet, which includes $251 million in cash, cash equivalents and restricted cash, provides it with liquidity to both continue to strategically support the business and reach positive cash flow in 2025.
Headwinds
- FY 2024 subscriber guidance projects 390,000 to 410,000 subscribers for Rest of World, representing a -2% year-over-year decline at the midpoint.
- FY 2024 revenue guidance projects $31 to $35 million for Rest of World, representing 2% year-over-year growth at the midpoint.
- Q1 2024 subscriber guidance projects 380,000 to 385,000 subscribers for Rest of World, representing 1% year-over-year growth at the midpoint.
- Q1 2024 revenue guidance projects $6.6 to $8.6 million for Rest of World, representing a -2% year-over-year decline at the midpoint.
- The company acknowledges potential industry volatility and intends to maintain discipline in subscriber acquisition costs.
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 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 |
|---|---|---|---|---|
| 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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