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Dec 31, 2020
fuboTV Q4 2020 Earnings Report
FuboTV achieved record revenue and subscriber growth, exceeding expectations.
Key Takeaways
fuboTV delivered a record fourth quarter, exceeding $100 million in revenue for the first time. The company also saw growth across all key performance indicators: revenue, average revenue per user (ARPU), advertising average revenue per user (ad ARPU), contribution margin and paid subscribers.
Total subscribers reached 547,880, a 237% year-over-year increase.
Net subscriber additions were 92,800 in Q4.
Users streamed over 544.9 million hours in 2020, an 82% year-over-year increase.
Annual ARPU reached $754, a 17% increase year-over-year.
Forward Guidance
fuboTV provided revenue guidance of $101-$103 million for Q1 2021, representing 98-102% year-over-year growth. Subscriber guidance for Q1 2021 is 520,000-530,000, representing 81-84% year-over-year growth. Full-year revenue guidance was increased to $460-$470 million, up 76-80% year-over-year, with total year-end subscribers guided to 760,000-770,000, an increase of 39-41% year-over-year.
Positive Outlook
- Revenue guidance of $101-$103 million for Q1 2021
- Subscriber guidance for Q1 2021 is 520,000-530,000
- Full-year revenue guidance was increased to $460-$470 million
- Total year-end subscribers guided to 760,000-770,000
- Plan to accelerate the investment in our team and further build our product development to grow our business and expand into wagering
Challenges Ahead
- Q1 has been softer than Q4, when viewed sequentially, on revenue and contribution margin.
- Q1 2021 revenue guidance takes this seasonality into account with revenue of $101-$103 million. This would represent growth of 98-102% year-over-year and a sequential decline of 2-4% quarter-over-quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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