FuboTV Inc. FUBO
With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, Fubo aims to transcend the industry's current TV model.
We are a sports-first, Pay TV replacement product offering subscribers access to tens of thousands of live sporting events annually, alongside leading news and entertainment content, both live and on demand. Fubo's platform is designed to empower customers to seamlessly access content through streaming devices and on Smart TVs, mobile phones, tablets, and computers.
Live TV streaming has disrupted the traditional Pay TV model (linear video delivered via cable or satellite providers for a paid subscription), which we refer to as "Pay TV." This disruption has shifted billions of dollars in subscription and advertising revenue to over-the-top ("OTT") streaming platforms, as evidenced by the accelerating rate of Pay TV cord-cutting in the United States. We believe there remains a significant opportunity for us to capitalize on the cord-cutting movement.
Valuation FY2024 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Rest of world
| Region | FY2024 | FY2023 | FY2022 |
|---|---|---|---|
| United States | $1.56B | $1.31B | $972.2M |
| Rest of world | $65.0M | $58.8M | $36.5M |
As the company reported it, from the “Segments and Geographic Information - Financial Performance by Geographical Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.62B | $1.37B | $1.01B | $638.4M | $217.7M | $4.3M | — | $41.0K | $24.0K | $964.0K |
| Cost of revenue | — | — | — | — | — | — | — | $8.0K | $6.0K | $792.0K |
| Gross profit | — | — | — | — | — | — | — | $33.0K | $18.0K | $172.0K |
| R&D | $80.0M | $67.7M | $69.3M | $55.4M | $30.2M | — | — | — | $161.0K | — |
| SG&A | $75.1M | $64.3M | $81.2M | $89.0M | $77.6M | $13.3M | $6.7M | $1.2M | $276.0K | $247.0K |
| Total operating expenses | $1.82B | $1.66B | $1.42B | $966.6M | $697.6M | $43.2M | $15.0M | $1.2M | $1.2M | $3.2M |
| Operating income | -$196.0M | -$289.4M | -$411.9M | -$328.3M | -$479.9M | -$38.9M | -$15.0M | -$1.1M | -$1.2M | -$3.0M |
| Interest expense | $20.9M | $13.7M | $14.2M | — | — | — | $2.7M | $911.0K | $168.0K | $340.0K |
| Pre-tax income | -$177.1M | -$294.0M | -$426.7M | -$354.5M | -$609.1M | -$43.4M | -$15.2M | $10.5M | — | — |
| Income tax | $659.0K | $879.0K | $1.7M | $2.7M | $9.7M | $5.3M | $2.1M | — | — | — |
| Net income | -$176.1M | -$287.9M | -$561.9M | -$383.0M | -$599.4M | -$34.4M | -$10.6M | $10.5M | -$10.1M | -$7.6M |
| EPS, basic | -0.54 | -1.04 | -3.08 | -2.78 | -12.82 | — | -2.37 | 7.12 | -359.42 | — |
| EPS, diluted | -0.54 | -1.04 | -3.08 | -2.78 | -12.82 | -1.57 | -2.37 | 0.74 | -359.42 | -1,237.87 |
| Shares, diluted (wtd. avg.) | 319.7M | 276.3M | 182.5M | 137.5M | 44.5M | — | 4.5M | 2.2M | 28,006 | — |
Balance sheet
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $161.4M | $245.3M | $337.1M | $371.0M | $134.9M | $7.6M | $31.0K | $77.0K | $77.0K | $48.0K |
| Receivables | $71.1M | $80.3M | $44.0M | $34.3M | $17.5M | $8.9M | — | — | $10.0K | — |
| Inventory | — | — | — | — | — | $49.0K | — | — | — | — |
| Total current assets | $274.0M | $386.8M | $436.9M | $428.5M | $156.7M | $18.0M | $31.0K | $77.0K | $115.0K | $61.0K |
| Property, plant and equipment | $6.1M | $4.8M | $5.0M | $5.1M | $1.8M | $335.0K | $14.0K | $6.0K | — | $2.0K |
| Goodwill | $615.4M | $622.8M | $618.5M | $619.6M | $478.4M | $227.8M | $150.0M | — | — | — |
| Other intangibles | $133.7M | $158.4M | $171.8M | $203.6M | $216.4M | $116.6M | $136.1M | — | — | — |
| Total assets | $1.08B | $1.23B | $1.28B | $1.37B | $859.3M | $368.2M | $286.1M | $86.0K | $115.0K | $313.0K |
| Accounts payable | $67.8M | $74.3M | $67.0M | $55.8M | $31.2M | $36.4M | $2.5M | $112.0K | $49.0K | $22.0K |
| Total current liabilities | $515.3M | $517.3M | $438.8M | $337.3M | $227.3M | $67.4M | $18.6M | $3.2M | $14.6M | $5.7M |
| Long-term debt | — | — | — | — | — | $44.0M | — | — | — | — |
| Total liabilities | $896.6M | $948.8M | $874.4M | $698.9M | $236.4M | $145.0M | $53.6M | $3.2M | — | — |
| Retained earnings | -$2.02B | -$1.85B | -$1.56B | -$1.01B | -$626.5M | -$56.1M | -$21.8M | -$11.2M | -$21.6M | -$11.6M |
| Total equity | $180.8M | $283.8M | $401.7M | $670.9M | $622.9M | $222.7M | $232.6M | -$3.1M | -$14.4M | -$5.4M |
Cash flow
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$79.5M | -$177.6M | -$316.7M | -$195.9M | -$149.0M | $1.7M | -$3.2M | -$612.0K | -$603.0K | -$915.0K |
| Depreciation and amortisation | $1.4M | $1.5M | $1.2M | $700.0K | $400.0K | $100.0K | $8.0K | $0 | $2.0K | $1.0K |
| Stock-based compensation | $42.5M | $51.2M | $52.5M | $53.1M | $50.7M | $1.1M | — | — | $319.0K | $1.9M |
| Capital expenditure | $2.7M | $1.1M | $1.1M | $3.4M | $166.0K | $175.0K | — | $6.0K | — | — |
| Investing cash flow | -$15.8M | -$25.4M | -$12.4M | -$76.2M | -$1.5M | $1.5M | — | -$6.0K | $180.0K | -$250.0K |
| Financing cash flow | $11.5M | $111.2M | $296.3M | $512.0M | $279.1M | $4.4M | $3.1M | $618.0K | $452.0K | $1.1M |
| Buybacks | — | — | — | $8.5M | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-043532.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $964.0K | $24.0K | $41.0K | — | $4.3M | $217.7M | $638.4M | $1.01B | $1.37B | $1.62B |
| Gross profit | $172.0K | $18.0K | $33.0K | — | — | — | — | — | — | — |
| Net income | -$7.6M | -$10.1M | $10.5M | -$10.6M | -$34.4M | -$599.4M | -$383.0M | -$561.9M | -$287.9M | -$176.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Results announced Item 2.02
- Charter or fiscal year changed Item 5.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote Item 5.07
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7812
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LION | Lionsgate Studios Corp. | $3.72B | — | 1.8% |
| ANGX | Angel Studios, Inc. | $643.0M | — | 233.2% |
| STRZ | STARZ ENTERTAINMENT CORP /CN/ | $380.0M | — | — |
| CURI | CuriosityStream Inc. | $169.1M | — | 40.1% |
| GAIA | GAIA, INC | $35.7M | — | 10.8% |
| TOON | Kartoon Studios, Inc. | $32.2M | — | 20.7% |
| MPU | Mega Matrix Inc | — | — | -27.9% |