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Dec 31, 2021
fuboTV Q4 2021 Earnings Report
FuboTV's Q4 2021 earnings showcased triple-digit year-over-year growth in total revenues, advertising revenues, and subscriber growth, along with an expanded adjusted contribution margin.
Key Takeaways
FuboTV's Q4 2021 results demonstrated consistent execution towards long-term growth and margin targets, with a record performance driven by strategic investments and acquisitions.
Total revenue, advertising revenue, and subscriber growth achieved triple-digit year-over-year growth.
Adjusted EBITDA margin improved significantly, advancing the path to profitability.
Strategic acquisitions of Molotov and Edisn.ai were completed, enhancing technology and international expansion.
Fubo Sportsbook was launched in two markets, integrating wagering with the live TV streaming experience.
Revenue by Segment
Forward Guidance
FuboTV provided guidance for Q1 2022 and full-year 2022, including revenue and subscriber projections for North America and Rest of World, excluding any projections from online sports wagering.
Positive Outlook
- Q1 2022 revenue projected between $232-$237 million for North America.
- Q1 2022 subscriber guidance projects 1,028,000-1,033,000 subscribers for North America.
- Full-year 2022 revenue guidance of $1,080-$1,090 million for North America.
- Total year-end subscribers of 1,500,000-1,510,000 projected for North America.
- Continued operating leverage and Adjusted EBITDA improvement expected within global streaming.
Challenges Ahead
- Q1 has been softer than Q4 on revenue and contribution margin due to seasonality.
- Q1 2022 revenue projected between $3-6 million for Rest of World.
- Q1 2022 subscriber guidance projects 235,000-240,000 subscribers for Rest of World.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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