FUBO Earnings Prediction
The chart below shows how FUBO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FUBO sees a -1.81% change in stock price 10 days leading up to the earnings, and a +2.50% change 10 days following the report. On the earnings day itself, the stock moves by -0.38%. This data can give you a slight idea of what to expect for the next quarter's release.
FUBO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
386.21M
20.34%
-1.22%
Gross Margin
--
--
--
Operating Margin
-15.18%
-41.50%
66.45%
Net Margin
-14.16%
-46.20%
114.22%
EPS
-0.16
-44.83%
100.00%
No Data Available
FUBO Earnings Analysis
fuboTV Inc. Corporation (FUBO.N) Earnings Conference Call
Positive
Revenue Exceeds Guidance: In North America, we exceeded revenue guidance closing the quarter with $377 million in total revenue, up 21% year-over-year.
Subscriber Growth Achievement: Subscriber growth was strong and we achieved our goal of 1,613,000 paid subscribers, up 9% year-over-year.
EBITDA Improvement Announcement: I’m pleased to report that we delivered an early $100 million year-over-year improvement in adjusted EBITDA over the trailing 12 months.
Financial Performance Improvements: We also posted meaningful year-over-year improvements for Q3 2024 in net loss, adjusted earnings per share loss, net cash used in operating activities, and free cash flow.
Cash Position Summary: We ended the quarter with $152.3 million of cash, cash equivalents, and restricted cash.
Negative
North America Advertising Decline: Advertising revenue in North America declined 11% year-over-year due to a tough comp in Q3 2023 as well as adjustments to our content portfolio.
Litigation Q&A Policy: The company will not address any questions related to ongoing litigations during Q&A.
Net Loss Improvement: Net loss was $54.7 million, an improvement compared to a net loss of $84.4 million in Q3 2023, but still indicates ongoing financial challenges.
Adjusted EBITDA Improvement: Adjusted EBITDA loss was $27.6 million compared favorably to a loss of $61.4 million in the third quarter of 2023, highlighting persistent operational inefficiencies.
Legacy Customer Subscription Decline: The decline in Legacy customer subscriptions was more than 50% compared to the 105 million Cable TV subscribers recorded in 2010.
FUBO FAQs
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FUBO Earning Call Sentiment
fuboTV Inc. (FUBO) Q3 2024 Earnings Call Transcript
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FUBO.N
-8.66%Positive
The earnings call presents a mixed outlook. The positive elements include strong revenue growth and improved financial metrics, such as reduced net loss and EBITDA improvement. However, challenges remain with declining advertising revenue, subscriber growth concerns, particularly internationally, and competitive pressures. The ongoing antitrust lawsuit adds uncertainty. Additionally, the lack of a share repurchase program and vague management responses in the Q&A introduce further ambiguity. Given these factors, and without a market cap to gauge volatility, the stock price is likely to remain stable, leading to a neutral prediction.