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Sep 30, 2021
fuboTV Q3 2021 Earnings Report
fuboTV's Q3 2021 earnings showcased strong growth in subscribers, revenue, and advertising, alongside margin expansion and strategic acquisitions.
Key Takeaways
fuboTV announced a record third quarter with significant growth across key metrics. Total paid subscribers increased by 108% to 944,605, total revenue grew by 156% to $156.7 million, and advertising revenue increased by 147% to $18.6 million. The company also increased its full year 2021 revenue guidance to $612-617 million and year-end subscriber guidance to 1,060,000-1,070,000.
Total paid subscribers increased by 108% year-over-year to 944,605.
Total revenue grew by 156% year-over-year to $156.7 million.
Advertising revenue increased by 147% year-over-year to $18.6 million.
fuboTV passed the one million subscriber mark since closing the quarter.
Revenue by Segment
Forward Guidance
fuboTV is increasing its full year 2021 revenue guidance to $612-617 million, representing a 135% increase at the mid-point compared to 2020. The company is also increasing its end-of-year subscriber guidance to 1,060,000-1,070,000, representing a 94% increase at the midpoint compared to 2020.
Positive Outlook
- Revenue guidance increased to $612-617 million, representing 135% year-over-year growth.
- Year-end subscriber guidance increased to 1,060,000-1,070,000, representing 94% year-over-year growth.
- The guidance implies fourth quarter revenue to be between $205 million and $210 million, up 97% year-over-year at the midpoint.
- Subscriber outlook implies full year 2021 net additions of approximately 517,120, 123% higher than full year 2020.
- Guidance does not include any projected revenues from Fubo Sportsbook nor from fourth quarter 2021 M&A activity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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