NEW YORK--(BUSINESS WIRE)--FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), and Mid-Atlantic Sports Network (MASN) announced today a carriage agreement that will expand streaming coverage of the Baltimore Orioles and Washington Nationals to the leading sports-first live TV streaming platform. Ahead of Major League Baseball Opening Day (March 28, 2024), MASN will be available to Fubo subscribers across a seven-state region, from Harrisburg, Pa., to Charlotte, N.C. Fubo will stream MASN’s coverage of every availabl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ | Large accelerated filer | o | Accelerated filer | x | | --- | --- | --- | --- | | Non-accelerated filer | o | Smaller repo ...

FuboTV, Inc. (NYSE:FUBO) Q4 2023 Earnings Conference Call March 1, 2024 8:30 AM ET Company Participants Alison Sternberg - Senior Vice President of Investor Relations David Gandler - Co-Founder and CEO John Janedis - Chief Financial Officer Conference Call Participants Laura Martin - Needham and Company David Joyce - Seaport Research Partners Nik Aluru - JPMorgan Darren Aftahi - ROTH MKM Shweta Khajuria - Evercore ISI Clark Lampen - BTIG Jim Goss - Barrington Research Brett Knoblauch - Cantor Fitzgerald Ope ...

fuboTV Inc. (FUBO) reported $410.18 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 28.5%. EPS of -$0.17 for the same period compares to -$0.48 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $397.37 million, representing a surprise of +3.22%. The company delivered an EPS surprise of +32.00%, with the consensus EPS estimate being -$0.25.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

FuboTV Inc. (FUBO) came out with a quarterly loss of $0.17 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 32%. A quarter ago, it was expected that this company would post a loss of $0.25 per share when it actually produced a loss of $0.22, delivering a surprise of 12%.Over the last four quarters, the company has surpassed consensu ...

NEW YORK--(BUSINESS WIRE)--FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the fourth quarter and full year ended December 31, 2023. The Company exceeded guidance across key financial and operating metrics in North America, posting double digit year-over-year (YoY) revenue and subscriber growth during the fourth quarter. Fubo ended the quarter with 1.618 million paid subscribers, up 12% YoY, and $402 million in total r ...

Financial Performance - In Q4 2023, Fubo achieved a 12% year-over-year growth in subscribers, reaching 1.618 million, and a 29% year-over-year revenue growth in North America, totaling $402 million[3][9]. - Fubo's total revenue for Q4 2023 was $410.2 million, reflecting a 28% increase compared to Q4 2022[8]. - Total revenues for Q4 2023 reached $410.2 million, a 28.5% increase from $319.3 million in Q4 2022[33]. - Subscription revenue increased to $370.1 million, up 30% from $284.9 million year-over-year[33]. - Total Revenue for the full year 2023 was $1,368,225,000, compared to $1,008,696,000 in 2022, marking a 36% increase[58]. - Fubo's North America ad revenue for Q4 2023 was $38.6 million, a 15% increase year-over-year, contributing to a total of $114 million for FY 2023, up 14%[14]. Profitability and Losses - The net loss for Q4 2023 was $71 million, an improvement of 26% from a net loss of $95.9 million in Q4 2022[9]. - The net loss attributable to common shareholders for the year 2023 was $287.5 million, compared to a loss of $561.5 million in 2022, representing a 48.9% improvement[33]. - The company reported a comprehensive loss of $282.6 million for the year 2023, down from $562.2 million in 2022[33]. - The adjusted net loss from continuing operations for the full year ended December 31, 2023, was $203,807,000, compared to $332,488,000 in 2022, indicating a 39% year-over-year improvement[62]. - For the three months ended December 31, 2023, fuboTV reported a net loss attributable to common shareholders of $70,090,000, a significant improvement from a net loss of $151,981,000 for the same period in 2022, representing a 54% reduction in losses[61]. Cash Flow and Liquidity - The company ended Q4 2023 with $251 million in cash, cash equivalents, and restricted cash, ensuring sufficient liquidity for ongoing operations[12][22]. - Cash and cash equivalents decreased to $245.3 million as of December 31, 2023, from $337.1 million a year earlier[35]. - Free Cash Flow for Q4 2023 was $(5,853,000), compared to $(20,555,000) in Q4 2022, showing a significant decrease in cash outflow[59]. Subscriber Metrics - The average revenue per user (ARPU) in North America increased by 15% year-over-year to an all-time high of $86.65[3][9]. - The subscriber guidance for FY 2024 is set at 1,665,000 to 1,685,000, indicating a 4% year-over-year growth at the midpoint[18]. - North America Monthly Average Revenue per User (NA ARPU) for the full year 2023 was $82.25, up from $72.74 in 2022, indicating a 13% increase[54]. Strategic Initiatives - Fubo plans to continue investing in technology and content expansion, including the integration of AI features into its platform[4][17]. - The company aims to achieve cash flow positivity by 2025, focusing on growth and profitability[31]. - The company plans to continue investing in technology advancements and content partnerships to enhance user experience and market position[31]. - The company continues to focus on improving operational efficiency and reducing losses as part of its strategic initiatives[61]. Shareholder Information - The weighted average shares outstanding increased to 294.7 million in Q4 2023 from 200.1 million in Q4 2022[34]. - The weighted average shares outstanding for the three months ended December 31, 2023, increased to 294,737,521 from 200,129,461 in the prior year, reflecting a 47% increase[61]. Adjusted Metrics - Adjusted EBITDA improved by $25 million year-over-year to a loss of $50.7 million, marking a 33% improvement[8][11]. - Adjusted EBITDA for Q4 2023 was $(50,691,000), an improvement from $(75,431,000) in Q4 2022, reflecting a reduction in losses[57]. - Adjusted Net Loss for the full year 2023 was $(201,639,000), an improvement from $(323,834,000) in 2022[58]. - The adjusted EPS from continuing operations for the three months ended December 31, 2023, was $(0.17), an improvement from $(0.39) in the same quarter of the previous year[61]. Other Financial Metrics - The net loss from discontinued operations for the full year 2023 was $5,185,000, a significant improvement from a loss of $136,874,000 in 2022[62]. - Stock-based compensation for the full year 2023 was $51,215,000, slightly lower than $52,454,000 in 2022[62]. - The amortization of intangibles for the full year 2023 was $35,043,000, compared to $35,484,000 in 2022, showing a minor decrease[62].

fuboTV Inc. (NYSE:FUBO) 26th Annual Needham Growth Conference January 17, 2024 10:15 AM ET Company Participants David Gandler - Chief Executive Officer Conference Call Participants Laura Martin - Needham & Company Laura Martin [Call Starts Abruptly] …David Gandler. David was appointed Chief Executive Officer of Fubo in April of 2014. Prior to joining Fubo, David served as the Vice President of Ad Sales at DramaFever, a video streaming service acquired in 2016 by Warner Brothers. He's also held positions at ...

Financial Data and Key Metrics - Total revenue for Q3 2023 increased 43% YoY to $320.9 million, driven by 43% growth in North America and 45% growth in Rest of World [16] - North America ad revenue grew 34% YoY to $30.3 million, reflecting strong performance in direct sales and programmatic business [12][17] - Net loss improved by $21 million YoY to $84.4 million, with net loss margin improving to -26.3% from -47% in Q3 2022 [18] - Adjusted EBITDA loss improved to $61.5 million from $83 million in Q3 2022, with adjusted EBITDA margin improving to -19.2% from -36.9% [44] - Gross margin reached 6%, an 884 basis point improvement YoY, marking the fourth consecutive quarter of positive gross margin [43] - Free cash flow improved by $40 million, and the company ended the quarter with $266 million in cash, cash equivalents, and restricted cash [19] Business Line Performance - North America delivered $313 million in total revenue, up 43% YoY, with a record 1.477 million paid subscribers, up 20% YoY [12] - Rest of World revenue grew 45% YoY, with 411,000 subscribers, representing 15% YoY growth [42] - North America ARPU reached an all-time high of $83.51, while Rest of World ARPU was $6.98 [42] - Subscriber-related expenses (SRE) decreased to 89% of revenue, a 619 basis point improvement YoY [37] Market Performance - The company raised its 2023 North America guidance to $1.319 billion to $1.324 billion in total revenue, representing 34% YoY growth at the midpoint, and 1.584 million to 1.599 million paid subscribers, representing 10% YoY growth at the midpoint [6][20] - For Rest of World, full-year 2023 guidance projects 388,000 to 393,000 subscribers, representing a 7% YoY decline at the midpoint, and revenue of $32 million to $33 million, representing 33% YoY growth at the midpoint [46] Strategy and Industry Competition - The company aims to be a "super aggregator," focusing on sports-first content and personalized streaming experiences, leveraging technology like MultiView and 4K streaming [7][14] - The industry is shifting towards "The Great Rebundling," with Fubo positioning itself as a leader in aggregation, offering diverse content packages at multiple price points [13][38] - The company is focused on direct ad sales and programmatic guaranteed, with direct sales increasing to 20% of total ad revenue in Q3 2023, up from a third of that in Q3 2022 [55] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing strong operational and go-to-market initiatives [21] - The company is making progress towards its 2025 positive cash flow goal, with significant improvements in cash usage and cost discipline [37] - Management highlighted the impact of the Charter-Disney dispute, which accelerated the shift towards aggregation and benefited Fubo's market position [57] Other Important Information - The company added FAST channels, which have contributed significantly to advertising revenue, with over 100 hours of viewership on the platform [31] - The company is focused on improving profitability by driving revenue over subscriber growth, with a conservative approach to marketing in Q4 to maintain efficiency [74] Q&A Session Summary Question: Advertiser sentiment and ad revenue trends [23] - Advertiser sentiment remains cautious due to geopolitical uncertainties, but the company has not seen significant cancellations [25] - Strong ad revenue growth was driven by retail, e-commerce, auto, home and garden, and pharma, while food and beverage, insurance, and tech were weaker [48] - October ad revenue trends were lighter than Q3, with Q4 expected to be closer to Q2 growth rates [50] Question: Impact of Charter-Disney dispute on subscriber growth [60] - The dispute had a limited impact on subscriber growth due to its short duration, but it helped increase brand awareness and market share [71] - The company expects continued growth in subscribers and engagement, with viewing hours per subscriber up significantly YoY [90] Question: Operating leverage and sustainability [56] - The company has demonstrated operating leverage, with sales and marketing expenses growing at a slower rate than revenue [69] - The company expects continued operating leverage on an annual basis, driven by lower-cost channels and efficient marketing strategies [69] Question: FAST channels and content strategy [75] - FAST channels have been successful in driving advertising revenue and viewership, with the company limiting the number of channels to under 150 to maintain quality [76] - The company has removed some entertainment content but has seen FAST channels compensate for the loss in viewership [77] Question: Progress towards profitability [84] - The company has made significant progress towards profitability, with adjusted EBITDA improving by nearly $100 million YoY and incremental EBITDA margin at 22% [85] - Contribution profit has expanded for six consecutive quarters, and the company is on track to achieve its 2025 positive cash flow goal [97] Question: Distribution relationships and competition [91] - The company expects stronger relationships with distributors and content partners, leveraging its technology platform and execution capabilities [82] - The company remains confident in its position despite competition from tech giants like Amazon and Apple, citing strong relationships and a robust sports content portfolio [99]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-39590 fuboTV Inc. (Exact Name of Registrant as Specified in Its Charter) | Flor ...