FuboTV Non-GAAP EPS of -$0.08 beats by $0.04, revenue of $386.21M beats by $9.46M
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- FuboTV press release (NYSE:FUBO): Q3 Non-GAAP EPS of -$0.08 beats by $0.04.
- Revenue of $386.21M (+20.4% Y/Y) beats by $9.46M.
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The Company ended the period with 1.613 million subscribers, up 9% YoY. Fubo’s average revenue per user (ARPU) expanded 2.5% YoY to $85.64.
In the Rest of World (ROW), the Company delivered $8.9 million total revenue, up 6.0% YoY, and 378,000 paid subscribers, down 8.1% YoY. ARPU reached $7.50, up 7.5% YoY. ROW includes the results of Molotov, the French live TV streaming service acquired by Fubo in December 2021.
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Guidance
North America
Fourth Quarter 2024: Fubo is projecting $426 million to $446 million total revenue, representing 9% YoY growth at the midpoint.
Full Year 2024: Fubo is now projecting $1.580 billion to $1.600 billion total revenue, representing 19% YoY growth at the midpoint, and 1,665,000 to 1,705,000 paid subscribers, representing 4% YoY growth at the midpoint.
ROW
Fourth Quarter 2024: Fubo is projecting $8 million to $9 million total revenue, representing 0% YoY growth at the midpoint.
Full Year 2024: Fubo is projecting $33 million to $35 million total revenue, representing 4% YoY growth at the midpoint, and now projecting 345,000 to 355,000 paid subscribers, representing a 14% YoY decline at the midpoint.