Slide 1: 3Q21 Earnings Slides
fubo” GUIDE MENU NFL Network NFL Network is your 24/7, year-round NFL news c season and preseason games, full game replays « With a fuboTV subscription, never miss out on ori analysis from Total Access, NFL GameDay and Gc TV NETWORKS AllGhamele ae @werworn NFL's Greatest Games JUMP TO 3Q21 EARNINGS
Slide 2: Disclaimer
fubo” DISCLAIMER This presentation and the accompanying oral presentation have been prepared by fuboTV Inc. (‘fuboTV’) for informational purposes only and not for any other purpose. Nothing contained in this presentation is, or should be construed as, a recommendation, promise or representation by t
Slide 3: Sequential Subscriber Growth
SEQUENTIAL SUBSCRIBER GROWTH Sequential Subscribers Sequential Subscribers & Net Adds, 3Q21 & Net Adds, 3Q20 (thousands) (thousands) +263K 048k [ +169K 455K 2Q21 3Q21 2Q20 3Q20 Paid Subscribers are total subscribers that have completed registration with fuboTV, have activated a payment method (only
Slide 4: Advertising Growth
ADVERTISING GROWTH Advertising Revenue Advertising ARPU ($ millions) Z *10% — $8.23 3Q19 3Q20 3Q21 3Q19 3Q20 3Q21 Advertsing ARPU (Average Revenue Per User) is @ fuboTV measure defined as total advertising revenue in the period divided by the average daily psid subscribers in such period divided by
Slide 5: Contribution Margin Expansion
CONTRIBUTION MARGIN EXPANSION ARPU Adjusted Contribution Margin +10% —- 189 bps 7] 12.4% 10.5%" 74.54 POY $67.70 $ 0.5% 3Q1g 3Q20 3Q21 Normalized 3a 3Q20 3Q21 Q3 2020 reported ACM was 16.1%, affected by the unusual timing of content deals in July. On a normalized basis, the G3 2020 ACM would have be
Slide 6: Expenses as a Percentage of Revenue
EXPENSES AS A PERCENTAGE OF REVENUE 593.7%" { 1. 1 1 ' ' © | Depreciation and amortization H 1 Seen 233.9% ' ! @_ General and administrative ! 386.7%" H ®_ @echnology and development Hl Hl . ! ' 207.0%" @ @Sales and Marketing pee @ > @Broadcasting and transmission @ subscriber related exenses Impair
Slide 7: Net Loss & Adjusted EBITDA
fubo” NET LOSS & ADJUSTED EBITDA Net Loss Adjusted EBITDA ($ millions) ($ millions) 3Q19 3Q20 3Q21 3a19 3Q20 321 $(105.9) ~68% $(274.1) 448% Get Loss —* Net Loss Margin @llMdjusted EBITDA —*—Adjusted EBITDA Margin 5Q21 and 320 Operating Expenses are as-reported: 3019 Operating Expenses are pro-forma
Slide 8: Non-GAAP 3Q21 Adjusted EPS Build
NON-GAAP 3Q21 ADJUSTED EPS BUILD Three Months Ended September 30, 2021 - Adjusted Earning Per Share Bridge fubo” $0.03 $0.06 $0.09 ($0.03) a ($0.59) F | | ma ($0.74) GAAP Reported EPS Stock based Other Non-GAAP Amortization of | Amortizationof Debt Adjusted EPS Compensation Adj* Intangibles Discount
Slide 9: Guidance
fubo” GUIDANCE Full Year Subscribers Full Year Revenue (thousands) ($ millions) +94% 7 1,065 k 548 k 316k 2019 A 2020 A 2021E 2019 A 2020 A 2021E Paid Subscribers are accounts that have completed registration with fuboTVand have activated a payment method, from which fuboTV has collected payment in
Slide 10: Non-GAAP Financial Measures Reconciliation
Paid Subscribers are accounts that have completed registration with fuboTVand have activated a payment method, from which fuboTV has collected payment in the month ending the relevant period. Subscribers are paying accounts for FuboTV, nat the number of individuals viewing ‘content on fuboTV NON-GAA
Slide 11: Non-GAAP Financial Measures Reconciliation (Continued)
NON-GAAP FINANCIALS MEASURES RECONCILIATION (CONTINUED) fuboTV Inc. Reconciliation of Revenue to Non-GAAP Platform Bookings and Reconciliation of Subscriber Related Expenses to Non-GAAP Variable COGS and Adjusted Contribution Margin (in thousands, except average subscribers and average per user amou
Slide 12: Non-GAAP Financial Measures Reconciliation (Continued)
Paid Subscribers are accounts that have completed registration with fuboTVand have activated a payment method, from which fuboTV has collected payment in the month ending the relevant period. Subscribers are paying accounts for FuboTV, nat the number of individuals viewing ‘content on fuboTV NON-GAA
Slide 13: Non-GAAP Financial Measures Reconciliation (Continued)
NON-GAAP FINANCIALS MEASURES RECONCILIATION (CONTINUED) Reconciliation of Net Loss Attributable to Controlling Interest to Non-GAAP Adjusted Net Loss and Adjusted EPS (in thousands) Year-over-Year Comparison Three Months Ended September 30, 2021 September 30, 2020 As-Reported As-Reported Net loss at