secwatch.observer — SEC 8-K summary
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Issuer:     FuboTV Inc. (FUBO)
CIK:        0001484769
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001493152-24-017627
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484769/000149315224017627/0001493152-24-017627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484769/000149315224017627/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-017627

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer