FuboTV reported strong Q2 2024 financial results with revenue climbing 25% year-over-year to $391 million, driven by subscription revenue growth of $73.9 million and advertising revenue increase of $3.2 million. The company's North American subscriber base expanded significantly, with ARPU reaching $85.69 compared to $81.62 in Q2 2023.Gross profit more than doubled to $49.3 million from $23.5 million last year, with gross margin improving to 12.6% from 7.5%. Operating expenses increased to $426.6 million from $365.3 million, primarily due to higher subscriber-related costs and increased legal fees. The company recorded a net loss from continuing operations of $25.8 million, significantly narrowed from $54.2 million in Q2 2023.The company strengthened its balance sheet through strategic debt management, completing a $27 million repurchase of convertible notes at a discount. Cash and cash equivalents stood at $161.3 million as of June 30, 2024. Management remains focused on expanding content offerings and enhancing the streaming platform while pursuing legal action against anticompetitive practices in the industry.

FuboTV reported strong Q2 2024 financial results with revenue climbing 25% year-over-year to $391 million, driven by subscription revenue growth of $73.9 million and advertising revenue increase of $3.2 million. The company's North American subscriber base expanded significantly, with ARPU reaching $85.69 compared to $81.62 in Q2 2023.Gross profit more than doubled to $49.3 million from $23.5 million last year, with gross margin improving to 12.6% from 7.5%. Operating expenses increased to $426.6 million from $365.3 million, primarily due to higher subscriber-related costs and increased legal fees. The company recorded a net loss from continuing operations of $25.8 million, significantly narrowed from $54.2 million in Q2 2023.The company strengthened its balance sheet through strategic debt management, completing a $27 million repurchase of convertible notes at a discount. Cash and cash equivalents stood at $161.3 million as of June 30, 2024. Management remains focused on expanding content offerings and enhancing the streaming platform while pursuing legal action against anticompetitive practices in the industry.