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fuboTV (FUBO)
NYSE:FUBO
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.18Last Year’s EPS
-$0.24Same Quarter Last Year
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: -20.11%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue and subscriber growth in North America, along with significant improvements in profitability metrics. However, challenges such as a decline in advertising revenue and subscriber numbers in international markets tempered the positive outlook. The successful legal action against a joint venture involving major competitors was also a key positive development.Company Guidance
During Fubo's Q3 2024 earnings call, the company provided comprehensive guidance, projecting North America subscriber growth for Q4 to range between 1.665 million to 1.705 million, representing a 4% year-over-year increase at the midpoint. Revenue guidance for the same period is set between $426 million and $446 million, indicating a 9% year-over-year growth at the midpoint. For the full year 2024, North American revenue is expected to be between $1.58 billion and $1.60 billion, reflecting a 19% year-over-year growth at the midpoint. In the Rest of the World segment, Q4 subscriber guidance is between 345,000 to 355,000, marking a 14% year-over-year decline at the midpoint, while revenue is anticipated to be between $8 million and $9 million, showing 0% year-over-year growth at the midpoint. The full-year 2024 guidance for this segment projects 345,000 to 355,000 subscribers and $33 million to $35 million in revenue, representing a 4% year-over-year growth at the midpoint. This guidance considers potential industry volatility and emphasizes disciplined subscriber acquisition cost management relative to monetization.North America Revenue and Subscriber Growth
North America revenue grew by 21% year-over-year, reaching $377 million. Subscriber numbers also increased by 9% year-over-year, achieving 1,613,000 paid subscribers.
Significant Improvement in Adjusted EBITDA
Adjusted EBITDA improved by nearly $100 million year-over-year over the trailing 12 months, with a $33.8 million improvement in Q3 2024 compared to Q3 2023.
Reduction in Net Loss and Adjusted EPS Loss
Net loss decreased to $54.7 million from $84.4 million in Q3 2023. Adjusted EPS loss improved to $0.08 from $0.22 in Q3 2023.
Preliminary Injunction Against JV
Fubo won a preliminary injunction against the sports streaming joint venture from Disney, Fox, and Warner Bros. Discovery, which was seen as likely to succeed on its claims.
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FUBO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FUBO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $1.74 | $1.52 | -12.64% |
| Aug 06, 2024 | $1.31 | $1.33 | +1.53% |
| May 03, 2024 | $1.55 | $1.37 | -11.61% |
| Mar 01, 2024 | $2.07 | $1.90 | -8.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does fuboTV (FUBO) report earnings?
fuboTV (FUBO) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is fuboTV (FUBO) earnings time?
fuboTV (FUBO) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FUBO EPS forecast?
FUBO EPS forecast for the fiscal quarter 2024 (Q4) is -$0.18.
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