fuboTV(FUBO)2025-05-02 11:35Financial Performance - Fubo ended Q1 2025 with 1.47 million North America subscribers and revenue of 188.5 million, a significant improvement from a net loss of 0.55 [11]. - Adjusted EBITDA for Q1 2025 was -37.4 million improvement year-over-year [12]. - Free Cash Flow in Q1 2025 was -9.3 million compared to Q1 2024 [15]. - Total revenues for Q1 2025 reached 402.3 million in Q1 2024 [40]. - Subscription revenue increased to 373.7 million year-over-year [40]. - Operating loss improved to 63.3 million in Q1 2024 [40]. - Cash and cash equivalents increased to 161.4 million at the end of 2024 [42]. - Total assets grew to 1.08 billion at the end of 2024 [42]. - Shareholders' equity increased to 180.8 million at the end of 2024 [42]. - The company reported a gain on settlement of litigation amounting to 0.55, compared to a loss of 188,488 thousand, compared to a net loss of 161,402 thousand in net cash provided by operating activities from continuing operations, a significant improvement from the net cash used of 85.37 for the three months ended March 31, 2025, compared to 188,488, compared to a loss of 22.5 million, representing a 17.3% decline year-over-year [17]. - Subscriber guidance for Q2 2025 projects 1,225,000 to 1,255,000 in North America, indicating a 14% year-over-year decline at the midpoint [24]. - Revenue guidance for Q2 2025 in North America is projected at 350 million, representing a 10% year-over-year decline at the midpoint [24]. - Subscription revenue for the three months ended March 31, 2025, was 22,881 thousand [54]. Strategic Initiatives - Fubo renewed its exclusive multi-year rights agreement with the English Premier League in Canada, enhancing its content offerings [19]. - New features such as personalized game alerts and live game scores are being introduced to optimize the sports streaming experience [20][21]. - The company aims to achieve profitability in 2025 for its global streaming business, focusing on innovative streaming experiences and customer value [6]. - FuboTV is pursuing a business combination with Hulu + Live TV, which is expected to enhance its market position and growth potential [35]. - The company is focused on strategic acquisitions and market expansion as part of its growth strategy moving forward [44]. - The company is in the process of a business combination with Hulu + Live TV, incurring certain transaction expenses related to this pending deal [57]. Cash Flow and Expenses - Free cash flow for the period was calculated as net cash provided by operating activities from continuing operations minus capital expenditures, indicating liquidity available for operational expenses and investments [51]. - Adjusted EBITDA for the three months ended March 31, 2025, was (38,818) in the same period of 2024, with an adjusted EBITDA margin of -0.3% [56]. - Free Cash Flow for the three months ended March 31, 2025, was 16,267 in the same period of 2024 [60]. - Net cash provided by operating activities for the trailing twelve months ended March 31, 2025, was (163,052) for the same period in 2024 [61]. - Adjusted net loss from continuing operations for the three months ended March 31, 2025, was (41,518) in the same period of 2024 [62]. - The company reported certain litigation expenses of 2,257 in the same period of 2024 [62]. - Stock-based compensation for the three months ended March 31, 2025, was 12,977 in the same period of 2024 [62]. - The weighted average shares outstanding for basic shares increased to 341,059,213 for the three months ended March 31, 2025, from 299,363,298 in the same period of 2024 [62].