Fubo beats Q4 guidance with record 1.618M subs, NA rev +29%, ARPU $86.65; guides FY24 +13% rev growth

FuboTV Inc.

Q4 NA subscribers record 1.618M (+12% YoY), NA revenue $402M (+29% YoY), ARPU all-time high $86.65 (+15% YoY).
Net loss from continuing ops $71M ($0.24 per share) vs $95.9M ($0.48) YoY; Adjusted EBITDA loss $50.7M vs $75.4M.
NA Q1 2024 guidance: subs 1.415M-1.435M (+11% mid), revenue $365M-$375M (+17%); FY2024: subs 1.665M-1.685M (+4%), revenue $1.505B-$1.525B (+13%).
Fubo filed antitrust lawsuit against Disney, Fox, Warner Bros. Discovery over alleged anticompetitive sports streaming JV.
Cash and restricted cash $251M; fourth consecutive quarter of YoY FCF and AEBITDA improvements; reaffirms positive cash flow goal 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 the fiscal year ended December 31, 2023 guidance (initiated).

Period: the fiscal year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On March 1, 2024, fuboTV Inc. announced its financial results for the quarter and fiscal year ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FuboTV Inc. reported the quarter ended December 31, 2023 results: revenue $410.2 million, net income $71 million, EPS loss of $0.24. Guidance initiated.

Period: the quarter ended December 31, 2023
Revenue: $410.2 million
Net income: $71 million
EPS: loss of $0.24
Guidance: initiated
Result: reported results

Exact text from the filing

On March 1, 2024, fuboTV Inc. announced its financial results for the quarter and fiscal year ended December 31, 2023.

View on SEC.gov

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FuboTV Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-008410

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