FuboTV (FUBO) releases Q3 earnings, reaches a million subscribers

fubo earnings

FuboTV (FUBO), the American streaming television service, released its earnings after the market closed on Tuesday.FuboTV beat the estimates with a significant margin. As the third quarter ended, the company reached a milestone of a million subscribers.

The company serves customers in the United States, Canada, and Spain and primarily focuses on channels distributing live sports. 

  • Revenue: $156.7 million
  • EPS: -$0.59 
Earnings Highlights 
  • Total revenue grew 156% YoY to $156.7 million
  • Advertising revenue grew 147% YoY to $18.6 million
  • Subscription revenue increased 158% YoY to $138.1 million
  • Subscribers grew 108% YoY and 39% QoQ to 944,605
  • Average Revenue Per User (ARPU) per month increased 10% YoY to $74.54
  • Advertising ARPU per month increased 10% YoY to $8.23
  • Adjusted Contribution Margin was positive 12.4%, up 189 bps YoY from the normalized 10.5%
Analysts Estimates 

The analysts had estimated significant gains in revenue and subscribers from this turbocharged growth stock of fuboTV. The analysts had estimated the company to deliver an EPS of -$0.63 while the revenue had been estimated to be $143.55 million for this third quarter. Even the Zacks Consensus Estimate for third-quarter revenues was pegged at $143.5 million, which indicated a year-over-year increase of 134.5%.

Earnings History 

In the last quarter, Q2 of 2021, the company fuboTV(FUBO) could not break the estimates and released an earning of -$0.68 per share against the estimated EPS of -$0.5. In the third quarter of 2020, the company reported an EPS of -$1.65 with a surprise of -345.90%.

Earnings Forecast 

For the fourth and final quarter of 2021, the analysts have estimated the EPS to stand at -$0.59 while the revenue is expected to be $179.62 million.

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