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FuboTV | 8-K: FuboTV Reports Third Quarter 2024 Financial Results

FuboTV | 8-K: FuboTV Reports Third Quarter 2024 Financial Results

FuboTV | 8-K:FuboTV公佈2024年第三季度財務業績
美股SEC公告 ·  2024/11/01 19:37

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FuboTV reported strong Q3 2024 results with total revenue growing 20.3% year-over-year to $386.2 million, driven by North America revenue growth of 20.7%. The company's net loss from continuing operations improved by $29.8 million to $54.7 million, while Adjusted EBITDA saw a $33.8 million improvement. North American subscribers increased 9.2% YoY to 1.61 million.The company made significant product innovations, including launching upsell capabilities through Free Tier and deploying enhanced merchandising features. Notably, upfront advertising commitments for 2024-2025 increased over 40% compared to the previous season. The Fubo Sports channel reached profitability in Q3, with expanded distribution to Amazon's Prime Video in Canada.Looking ahead, FuboTV updated its FY 2024 guidance, projecting North America subscribers of 1.67-1.71 million (4% YoY growth) and revenue of $1.58-1.60 billion (19% YoY growth). The company remains committed to achieving profitability in 2025, supported by ongoing operational efficiencies and strategic growth initiatives.
FuboTV reported strong Q3 2024 results with total revenue growing 20.3% year-over-year to $386.2 million, driven by North America revenue growth of 20.7%. The company's net loss from continuing operations improved by $29.8 million to $54.7 million, while Adjusted EBITDA saw a $33.8 million improvement. North American subscribers increased 9.2% YoY to 1.61 million.The company made significant product innovations, including launching upsell capabilities through Free Tier and deploying enhanced merchandising features. Notably, upfront advertising commitments for 2024-2025 increased over 40% compared to the previous season. The Fubo Sports channel reached profitability in Q3, with expanded distribution to Amazon's Prime Video in Canada.Looking ahead, FuboTV updated its FY 2024 guidance, projecting North America subscribers of 1.67-1.71 million (4% YoY growth) and revenue of $1.58-1.60 billion (19% YoY growth). The company remains committed to achieving profitability in 2025, supported by ongoing operational efficiencies and strategic growth initiatives.
FuboTV報告了強勁的2024年第三季度業績,總營業收入同比增長20.3%至38620萬美元,主要受到北美營業收入增長20.7%的推動。該公司的持續經營淨虧損改善了2980萬美元,降至5470萬美元,而調整後的EBITDA改善了3380萬美元。北美訂閱用戶數同比增長9.2%,達161萬。該公司進行了重大產品創新,包括通過免費層推出增值銷售功能,並部署改進的商品展示功能。值得注意的是,2024-2025年的前期廣告承諾相比上個賽季增長了40%以上。Fubo Sports頻道在第三季度實現了盈利,並擴大了在加拿大對亞馬遜Prime Video的分發。展望未來,FuboTV更新了其2024財年的指引,預測北美訂閱用戶數爲167-171萬(同比增長4%)及營業收入爲15.8-16億(同比增長19%)。該公司仍致力於在2025年實現盈利,依靠持續的運營效率和戰略增長舉措支撐。
FuboTV報告了強勁的2024年第三季度業績,總營業收入同比增長20.3%至38620萬美元,主要受到北美營業收入增長20.7%的推動。該公司的持續經營淨虧損改善了2980萬美元,降至5470萬美元,而調整後的EBITDA改善了3380萬美元。北美訂閱用戶數同比增長9.2%,達161萬。該公司進行了重大產品創新,包括通過免費層推出增值銷售功能,並部署改進的商品展示功能。值得注意的是,2024-2025年的前期廣告承諾相比上個賽季增長了40%以上。Fubo Sports頻道在第三季度實現了盈利,並擴大了在加拿大對亞馬遜Prime Video的分發。展望未來,FuboTV更新了其2024財年的指引,預測北美訂閱用戶數爲167-171萬(同比增長4%)及營業收入爲15.8-16億(同比增長19%)。該公司仍致力於在2025年實現盈利,依靠持續的運營效率和戰略增長舉措支撐。

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