fuboTV Q2 2023: NA revenue $305M (+41% YoY); subs 1.167M (+23%); raises FY guidance

FuboTV Inc.

2023-Q2 EPS reported -$0.51 revenue$637,109,000

Net loss from continuing operations narrowed to $54.2M ($0.19 EPS loss) from $95.0M ($0.51) a year ago.
Adjusted EBITDA loss improved to $30.5M from $70.1M; gross margin expanded 1,380 bps to 7%.
Record NA ARPU of $81.62 (+13% YoY); subscriber-related expenses fell to 87% of revenue from 99%.
Raised FY 2023 NA guidance: revenue $1.26-$1.28B (29% YoY growth midpoint) and subs 1.565-1.585M.
Ended quarter with $299.7M cash; management reaffirmed path to positive free cash flow in 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FuboTV Inc. updated its for the three months ended June 30, 2023 guidance (raised).

Period: for the three months ended June 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On August 4, 2023, fuboTV Inc. announced its financial results for the three months ended June 30, 2023.

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Source: SEC EDGAR

accession 0001493152-23-026716

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