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FuboTV | 10-Q: Q3 2024 Earnings Report

FuboTV | 10-Q: Q3 2024 Earnings Report

FuboTV | 10-Q：2024财年三季报
美股SEC公告 ·  2024/11/01 13:22

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FuboTV reported strong Q3 2024 financial results with revenue increasing 20% year-over-year to $386.2 million, driven by 23% growth in subscription revenue to $356.6 million. The company's North American subscriber base grew to 1.6 million, with average revenue per user reaching $85.64. Gross margin improved to 14% from 6.1% in the prior year period.Operating loss narrowed to $58.6 million from $83.3 million a year ago, reflecting improved operational efficiency and cost management. The company recorded a net loss of $52.8 million, significantly reduced from $83.8 million in Q3 2023. Other income included a $7.8 million gain from debt repurchases, while operating expenses increased primarily due to higher content costs and legal fees.The company maintained strong liquidity with $146.2 million in cash and cash equivalents as of September 30, 2024. FuboTV continues to focus on its sports-first strategy while expanding content offerings and pursuing legal action against the proposed Disney-Fox-Warner sports streaming joint venture, having successfully obtained a preliminary injunction against its launch.
FuboTV reported strong Q3 2024 financial results with revenue increasing 20% year-over-year to $386.2 million, driven by 23% growth in subscription revenue to $356.6 million. The company's North American subscriber base grew to 1.6 million, with average revenue per user reaching $85.64. Gross margin improved to 14% from 6.1% in the prior year period.Operating loss narrowed to $58.6 million from $83.3 million a year ago, reflecting improved operational efficiency and cost management. The company recorded a net loss of $52.8 million, significantly reduced from $83.8 million in Q3 2023. Other income included a $7.8 million gain from debt repurchases, while operating expenses increased primarily due to higher content costs and legal fees.The company maintained strong liquidity with $146.2 million in cash and cash equivalents as of September 30, 2024. FuboTV continues to focus on its sports-first strategy while expanding content offerings and pursuing legal action against the proposed Disney-Fox-Warner sports streaming joint venture, having successfully obtained a preliminary injunction against its launch.
FuboTV报告了2024年第三季度强劲的财务业绩，营业收入同比增长20%至38620万美元，订阅营业收入增长23%至35660万美元。公司在北美的订阅用户基础增长至160万，用户平均收入达到85.64美元。毛利率从上年同期的6.1%改善至14%。营业亏损从去年的8330万美元缩小至5860万美元，反映了运营效率和成本管理的改善。公司报告的净亏损为5280万美元，相较于2023年第三季度的8380万美元大幅减少。其他收入包括780万美元的债务回购收益，而营业费用主要由于内容成本和法律费用的增加而上升。截至2024年9月30日，公司维持了14620万美元的现金及现金等价物的强劲流动性。FuboTV继续专注于其以体育为主的策略，同时扩展内容供应并对提议的迪士尼-福克斯-华纳体育流媒体合资企业采取法律行动，成功获得了对其启动的初步禁令。
FuboTV报告了2024年第三季度强劲的财务业绩，营业收入同比增长20%至38620万美元，订阅营业收入增长23%至35660万美元。公司在北美的订阅用户基础增长至160万，用户平均收入达到85.64美元。毛利率从上年同期的6.1%改善至14%。营业亏损从去年的8330万美元缩小至5860万美元，反映了运营效率和成本管理的改善。公司报告的净亏损为5280万美元，相较于2023年第三季度的8380万美元大幅减少。其他收入包括780万美元的债务回购收益，而营业费用主要由于内容成本和法律费用的增加而上升。截至2024年9月30日，公司维持了14620万美元的现金及现金等价物的强劲流动性。FuboTV继续专注于其以体育为主的策略，同时扩展内容供应并对提议的迪士尼-福克斯-华纳体育流媒体合资企业采取法律行动，成功获得了对其启动的初步禁令。
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