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Jun 30, 2021
fuboTV Q2 2021 Earnings Report
fuboTV's Q2 2021 earnings reflect strong growth in subscribers, revenue, and engagement, driven by innovative product experience and strategic investments.
Key Takeaways
fuboTV reported a record second quarter with significant growth in total paid subscribers, total revenue, and advertising revenue. The company made progress towards profitability goals with increases in advertising and total Monthly ARPU. Increased full year 2021 revenue and year-end subscribers guidance.
Total paid subscribers increased 138% year-over-year to 681,721.
Total revenue increased 196% year-over-year to $130.9 million.
Advertising revenue increased 281% year-over-year to $16.5 million.
fuboTV customers streamed 245 million hours of content during the quarter, a 148% increase year-over-year.
Revenue by Segment
Forward Guidance
fuboTV is increasing its full year 2021 revenue guidance to $560-570 million and year-end subscribers guidance to 910,000-920,000.
Positive Outlook
- Full year 2021 revenue guidance increased to $560-570 million, representing a 116% increase at the mid-point compared to 2020.
- End-of-year subscribers guidance increased to 910,000-920,000, representing a 67% increase at the midpoint compared to 2020.
- Third quarter revenue is estimated to be between $140 million and $144 million, up 132% year-over-year at the midpoint.
- Third quarter end-of-period subscribers are estimated to be between 810,000 and 820,000, up 79% year-over-year at the midpoint.
- This subscriber outlook implies full year 2021 net additions of at least 367,000, 58% higher than our full year 2020 net additions of 232,000.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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