FuboTV Inc (FUBO) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Advertising ...

GuruFocus.com11-02

Total Revenue: $377 million in North America, up 21% year-over-year. Subscriber Growth: 1,613,000 paid subscribers in North America, up 9% year-over-year. Net Loss: $54.7 million, improved from $84.4 ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFuboTV Inc (FUBO) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Advertising ...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-02 15:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fubotv-inc-fubo-q3-2024-070520288.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Total Revenue: $377 million in North America, up 21% year-over-year.\nSubscriber Growth: 1,613,000 paid subscribers in North America, up 9% year-over-year.\nNet Loss: $54.7 million, improved from $84.4 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fubotv-inc-fubo-q3-2024-070520288.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FUBO","symbol_name":"fuboTV Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/fubotv-inc-fubo-q3-2024-070520288.html","article_id":"2480817277","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/r.2MJZWsJUbrS.O8QgiXuw--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/d02aadaa65da82e7b1889229eed0f5d9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480817277","pubTimestamp":1730531120,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Total Revenue: $377 million in North America, up 21% year-over-year.Subscriber Growth: 1,613,000 paid subscribers in North America, up 9% year-over-year.Net Loss: $54.7 million, improved from $84.4 million in Q3 2023.Adjusted EBITDA Loss: $27.6 million, improved from $61.4 million in Q3 2023.Adjusted EPS Loss: $0.08, improved from $0.22 in Q3 2023.Cash and Equivalents: $152.3 million at the end of the quarter.Free Cash Flow Improvement: $31 million improvement, nearly achieving positive free cash flow.Advertising Revenue Decline: 11% year-over-year decline in North America.Q4 North America Revenue Guidance: $426 million to $446 million, 9% year-over-year growth at the midpoint.Full Year 2024 North America Revenue Guidance: $1.58 billion to $1.60 billion, 19% year-over-year growth at the midpoint.GuruFocus has detected 2 Warning Sign with FUBO.FuboTV Inc  exceeded revenue guidance in North America, closing the quarter with $377 million in total revenue, up 21% year-over-year.FuboTV Inc ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FUBO":"fuboTV Inc."},"translate_title":"FuboTV Inc(FUBO)2024年第三季度收益看涨期权亮点：广告收入强劲增长……","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUBO":1},"content_text":"Total Revenue: $377 million in North America, up 21% year-over-year.\nSubscriber Growth: 1,613,000 paid subscribers in North America, up 9% year-over-year.\nNet Loss: $54.7 million, improved from $84.4 million in Q3 2023.\nAdjusted EBITDA Loss: $27.6 million, improved from $61.4 million in Q3 2023.\nAdjusted EPS Loss: $0.08, improved from $0.22 in Q3 2023.\nCash and Equivalents: $152.3 million at the end of the quarter.\nFree Cash Flow Improvement: $31 million improvement, nearly achieving positive free cash flow.\nAdvertising Revenue Decline: 11% year-over-year decline in North America.\nQ4 North America Revenue Guidance: $426 million to $446 million, 9% year-over-year growth at the midpoint.\nFull Year 2024 North America Revenue Guidance: $1.58 billion to $1.60 billion, 19% year-over-year growth at the midpoint.\n\n\nWarning! GuruFocus has detected 2 Warning Sign with FUBO.\n\nRelease Date: November 01, 2024\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.\n Positive Points \n\nFuboTV Inc (NYSE:FUBO) exceeded revenue guidance in North America, closing the quarter with $377 million in total revenue, up 21% year-over-year.\nSubscriber growth was strong, achieving 1,613,000 paid subscribers, up 9% year-over-year.\nThe company delivered a nearly $100 million year-over-year improvement in adjusted EBITDA over the trailing 12 months.\nFuboTV Inc (NYSE:FUBO) posted meaningful year-over-year improvements in net loss, adjusted earnings per share loss, net cash used in operating activities, and free cash flow.\nThe company is encouraged by a record upfront season and plans to add gamification to its interactive ad offerings.\n\n Negative Points \n\nAdvertising revenue in North America declined 11% year-over-year due to a tough comparison with Q3 2023 and adjustments to the content portfolio.\nThe Rest of the World revenue growth was only 6%, with a projected 14% year-over-year decline in subscribers for Q4.\nThe company faces ongoing litigation challenges, including an antitrust lawsuit against Disney, Fox, and Warner Bros. Discovery.\nFuboTV Inc (NYSE:FUBO) is still working towards its 2025 profitability target, indicating ongoing financial challenges.\nThe company experienced a net loss of $54.7 million in Q3, although this was an improvement from the previous year.\n\n Q & A Highlights \nQ: Why is FuboTV's free tier only available to lower churn for prior and current subscribers, and not to everyone? A: David Gandler, CEO, explained that the decision was made to manage the free tier effectively and learn more about consumer behavior. By not placing it in front of the paywall, FuboTV aims to avoid impacting conversion rates, which could increase subscriber acquisition costs. Eventually, the free tier may be offered more broadly once they better understand its impact.\nQ: Do you believe the virtual MVPD tier is a sustainable long-term business model given the decline in cable subscribers? A: David Gandler, CEO, believes that the virtual MVPD product remains viable as it offers a comprehensive package that some consumers prefer. Despite the decline in cable subscribers, there is still demand for a bundled service that provides a wide range of channels, including those that may be needed unexpectedly.\nQ: What were the dynamics affecting ad ARPU in the quarter, particularly regarding political advertising? A: John Janedis, CFO, noted that while they had a record political year, the impact on ad ARPU was limited due to the smaller percentage of political ads compared to broadcasters. The main factor affecting ad ARPU was the drop of Discovery Scripps content earlier in the year. They expect sequential improvement in ad ARPU in the fourth quarter.\nQ: Beyond Discovery, are there other headwinds affecting ad ARPU growth? Also, how do stand-alone premium packages compare in profitability to the virtual MVPD? A: John Janedis, CFO, mentioned that the absence of Discovery Scripps content was a significant headwind. Despite this, they are pleased with the overall growth. Regarding stand-alone premium packages, they are expected to be accretive to margin dollars and similar in overall margin, potentially improving margin dollars over time.\nQ: Can you elaborate on the impact of the Discovery Scripps content drop on ad ARPU? A: John Janedis, CFO, explained that the drop of Discovery Scripps content in the second quarter was a headwind for ad ARPU. Despite this, the two-year stack comp showed growth, and they anticipate sequential improvements in ad ARPU in the fourth quarter.\nFor the complete transcript of the earnings call, please refer to the full earnings call transcript.This article first appeared on \nGuruFocus.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480817277"}