Summary by Moomoo AI
FuboTV reported strong Q3 2024 results with revenue up 20.3% year-over-year to $386.2 million, driven by 9.2% subscriber growth in North America to 1.61 million. The company narrowed its net loss to $54.7 million from $84.4 million last year, while Adjusted EBITDA improved by $33.8 million to -$27.6 million.North America revenue grew 20.7% to $377.3 million, with ARPU reaching $85.64. The company highlighted progress on its path to profitability, with significant year-over-year improvements in key financial metrics. FuboTV also noted strong upfront ad commitments for 2024-2025, up over 40% from the previous year.For full-year 2024, FuboTV projects North America revenue of $1.58-$1.60 billion and subscribers of 1.67-1.71 million. The company remains committed to its goal of achieving profitability in 2025, emphasizing its focus on efficient growth and cost control.