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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公佈2024年第二季度財務業績
美股SEC公告 ·  2024/08/06 19:43

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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發佈了強勁的2024年第二季度業績,北美營業收入同比增長26%,達到38270萬美元,訂閱用戶數同比增加24%,達到145萬。該公司實現了連續第六個季度的全球盈利指標同比改善,廣告收入同比增長14%。北美的每用戶平均收入(ARPU)同比增加5%,達到85.69美元。該公司的財務指標顯著改善,淨虧損同比縮窄2840萬美元,降至2580萬美元,調整後的EBITDA改善1960萬美元,自由現金流同比改善4050萬美元。在第二季度,Fubo通過ATM計劃籌集了3690萬美元,並以低於面值的價格回購了4690萬美元的可轉換債券,從而加強了其資產負債表,最終手頭現金達到16130萬美元。鑑於強...展開全部
FuboTV發佈了強勁的2024年第二季度業績,北美營業收入同比增長26%,達到38270萬美元,訂閱用戶數同比增加24%,達到145萬。該公司實現了連續第六個季度的全球盈利指標同比改善,廣告收入同比增長14%。北美的每用戶平均收入(ARPU)同比增加5%,達到85.69美元。該公司的財務指標顯著改善,淨虧損同比縮窄2840萬美元,降至2580萬美元,調整後的EBITDA改善1960萬美元,自由現金流同比改善4050萬美元。在第二季度,Fubo通過ATM計劃籌集了3690萬美元,並以低於面值的價格回購了4690萬美元的可轉換債券,從而加強了其資產負債表,最終手頭現金達到16130萬美元。鑑於強勁的表現,Fubo上調了2024財年北美的指導,現預計訂閱用戶數爲173-175萬(同比增長7%),營業收入爲15.7-15.9億(同比增長18%)。對於2024年第三季度,該公司預計訂閱用戶數爲161-163萬(同比增長9%),營業收入爲36000-37000萬美元(同比增長17%)。該指導不包括正在進行的反壟斷訴訟和Venu Sports發佈可能帶來的影響。
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