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Mar 31, 2021
fuboTV Q1 2021 Earnings Report
Reported better-than-expected growth in subscribers, total revenue, and advertising revenue, all of which more than doubled year-over-year, and overcame typical seasonal revenue declines.
Key Takeaways
fuboTV's Q1 2021 was an inflection point, marked by significant growth in subscribers, revenue, and advertising revenue. The company overcame seasonal declines and is progressing towards profitability while investing in future growth.
Total revenue grew by 135% year-over-year.
Advertising revenue increased by 206% year-over-year.
Subscribers grew by 105% compared to the previous year.
Ended the quarter with $465 million in cash, cash equivalents, and restricted cash.
Revenue by Segment
Forward Guidance
fuboTV is optimistic for the future and is increasing full year 2021 revenue guidance to $520-530 million and end-of-year subscribers guidance to 830,000-850,000.
Positive Outlook
- Full year 2021 revenue is expected to be $520-530 million, representing a 101% increase year-over-year at the midpoint.
- End-of-year subscribers are projected to be 830,000-850,000, a 53% increase year-over-year at the midpoint.
- Full year 2021 net subscriber additions are expected to be at least 282,000.
- Second quarter revenue is guided to be $120-122 million, a 174% increase year-over-year at the midpoint.
- Second quarter subscriber guidance includes 600,000-605,000 subscribers, up 111% year-over-year at the midpoint.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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