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Jun 30, 2020
fuboTV Q2 2020 Earnings Report
Reported strong Q2 2020 results with double-digit revenue, subscription, and viewership growth year-over-year.
Key Takeaways
fuboTV announced strong second quarter results with revenues growing 53% year-over-year and paid subscribers increasing 47% year-over-year. The company anticipates subscriber growth in Q3 2020, expecting to reach 340,000 - 350,000 subscribers.
Revenues grew 53% year-over-year.
fuboTV paid subscribers increased 47% year-over-year.
Content hours streamed increased 83% year-over-year.
Company expects paid subscribers to reach 340,000 - 350,000 at the close of Q3, representing growth of over 20% year-over-year.
Forward Guidance
The company is focused on driving top-line growth and making progress on their path to profitability. At the close of the third quarter, the company anticipates strong paid subscriber growth and expects to have reached 340,000-350,000 total subscriptions, representing growth of over 20% year-over-year.
Positive Outlook
- Expects margin improvement to continue over time, aided by a number of initiatives, including the growth of advertising on our platform along with strong attachment rates on value-added services
- Expects the recent addition of the Disney Media Networks to programming portfolio to help grow subscription and advertising revenue.
- Believes fuboTV’s differentiation in the marketplace - sports-focused programming and a tech-first user experience - firmly positions the company strongly for growth.
- Anticipates an increase in revenue - both subscriptions and advertising - and viewership during Q3 with the return of sports.
- Believes the addition of Disney Media Networks, including ESPN, ABC and Disney Channel, alongside current channel lineup will make fuboTV even more appealing to the entire household and in particular sports fans.
Challenges Ahead
- The advertising market is unsure given the pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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