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FuboTV | 8-K: FuboTV Reports Second Quarter 2024 Financial Results

FuboTV | 8-K: FuboTV Reports Second Quarter 2024 Financial Results

FuboTV | 8-K：FuboTV公布2024年第二季度财务业绩
美股SEC公告 ·  2024/08/06 04:43

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FuboTV delivered strong Q2 2024 results with North America revenue growing 26% YoY to $382.7M and subscribers increasing 24% YoY to 1.45M. The company achieved its sixth consecutive quarter of YoY improvement in global profitability metrics, with advertising revenue up 14% YoY. ARPU expanded 5% YoY to $85.69 in North America.The company significantly improved its financial metrics, with Net Loss narrowing by $28.4M YoY to $25.8M, Adjusted EBITDA improving by $19.6M, and Free Cash Flow improving by $40.5M YoY. During Q2, Fubo strengthened its balance sheet by raising $36.9M through ATM program and repurchasing $46.9M of convertible notes below par value, ending with $161.3M cash on hand.Given the strong performance, Fubo raised its FY2024 North America guidance, now projecting 1.73-1.75M subscribers (+7% YoY) and revenue of $1.57-1.59B (+18% YoY). For Q3 2024, the company expects 1.61-1.63M subscribers (+9% YoY) and revenue of $360-370M (+17% YoY). The guidance excludes potential impact from ongoing antitrust litigation and Venu Sports launch.
FuboTV delivered strong Q2 2024 results with North America revenue growing 26% YoY to $382.7M and subscribers increasing 24% YoY to 1.45M. The company achieved its sixth consecutive quarter of YoY improvement in global profitability metrics, with advertising revenue up 14% YoY. ARPU expanded 5% YoY to $85.69 in North America.The company significantly improved its financial metrics, with Net Loss narrowing by $28.4M YoY to $25.8M, Adjusted EBITDA improving by $19.6M, and Free Cash Flow improving by $40.5M YoY. During Q2, Fubo strengthened its balance sheet by raising $36.9M through ATM program and repurchasing $46.9M of convertible notes below par value, ending with $161.3M cash on hand.Given the strong performance, Fubo raised its FY2024 North America guidance, now projecting 1.73-1.75M subscribers (+7% YoY) and revenue of $1.57-1.59B (+18% YoY). For Q3 2024, the company expects 1.61-1.63M subscribers (+9% YoY) and revenue of $360-370M (+17% YoY). The guidance excludes potential impact from ongoing antitrust litigation and Venu Sports launch.
FuboTV发布了强劲的2024年第二季度业绩，北美营业收入同比增长26%，达到38270万美元，订阅用户数同比增加24%，达到145万。该公司实现了连续第六个季度的全球盈利指标同比改善，广告收入同比增长14%。北美的每用户平均收入（ARPU）同比增加5%，达到85.69美元。该公司的财务指标显著改善，净亏损同比缩窄2840万美元，降至2580万美元，调整后的EBITDA改善1960万美元，自由现金流同比改善4050万美元。在第二季度，Fubo通过ATM计划筹集了3690万美元，并以低于面值的价格回购了4690万美元的可转换债券，从而加强了其资产负债表，最终手头现金达到16130万美元。鉴于强...展开全部
FuboTV发布了强劲的2024年第二季度业绩，北美营业收入同比增长26%，达到38270万美元，订阅用户数同比增加24%，达到145万。该公司实现了连续第六个季度的全球盈利指标同比改善，广告收入同比增长14%。北美的每用户平均收入（ARPU）同比增加5%，达到85.69美元。该公司的财务指标显著改善，净亏损同比缩窄2840万美元，降至2580万美元，调整后的EBITDA改善1960万美元，自由现金流同比改善4050万美元。在第二季度，Fubo通过ATM计划筹集了3690万美元，并以低于面值的价格回购了4690万美元的可转换债券，从而加强了其资产负债表，最终手头现金达到16130万美元。鉴于强劲的表现，Fubo上调了2024财年北美的指导，现预计订阅用户数为173-175万（同比增长7%），营业收入为15.7-15.9亿（同比增长18%）。对于2024年第三季度，该公司预计订阅用户数为161-163万（同比增长9%），营业收入为36000-37000万美元（同比增长17%）。该指导不包括正在进行的反垄断诉讼和Venu Sports发布可能带来的影响。

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