Fubo beats Q1 NA guidance with 1.511M subs (+18% YoY), revenue $394M (+24%), net loss narrows

FuboTV Inc.

2024-Q1 EPS reported -$0.19 revenue$402,347,000

NA subscribers 1.511M, above guidance midpoint of 1.425M; NA revenue $394M, above $370M midpoint.
Global revenue $402.3M (+24% YoY); net loss from continuing ops -$56.3M, improved from -$83.4M in 1Q23.
NA ARPU grew 10% YoY to $84.54; gross margin expanded 588 bps to 7%.
Adjusted EBITDA improved $18M YoY to -$41.1M; free cash flow improved $10M; cash $175M.
Q2 NA guidance: subs 1.275-1.295M, revenue $357.5-367.5M; FY24 NA revenue guided $1.525-1.545B.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FuboTV Inc. updated its the three months ended March 31, 2024 guidance (initiated).

Period: the three months ended March 31, 2024
Guidance: initiated
Result: reported results

Exact text from the filing

On May 3, 2024, fuboTV Inc. announced its financial results for the three months ended March 31, 2024.

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Source: SEC EDGAR

accession 0001493152-24-017627

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