Slide 1: 4Q21 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 4Q21 EARNINGS
Slide 2: Disclaimer: Forward-Looking Statements
fubo” DISCLAIMER Forward-Looking Statements This presentation contains forward-looking statements of fuboTV Inc. (“fuboTV’) that involve substantial risks and uncertainties. All statements contained in this presentation that do not relate to matters of historical fact are forward-looking statements
Slide 3: Sequential Subscriber Growth
SEQUENTIAL SUBSCRIBER GROWTH Sequential Subscribers Sequential Subscribers & Net Adds, 4Q21 & Net Adds, 4Q20 (thousands) (thousands) +185K | +93K 548 K 455 K 3Q21 4Q21 3Q20 4Q20 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 ($ milions) +98% -4% ] $8.12 — — $259m $8.47 4Q19 4Q20 4Q21 4Q19 4Q20 4Q21 ‘Advertising ARPU (Average Revenue Per User) is @ fuboTV measure defined as total advertising revenue in the period dlvided by the average daily paid subscribers in such
Slide 5: Contribution Margin
CONTRIBUTION MARGIN ARPU Adjusted Contribution Margin (ACM) [ | -66 bps — 17% 11.0% $69.19 $74.52 +2% —— $59.1 0.7%, $8.09 $0.39 I 4a19 4Q20 421 4ang 4020 4021 qc —- ACM % +8% ARPU lAverege Revenue Per Use) is 8 fuboTV measure defined as total subscriber revenue collected in the period (subscriber a
Slide 6: Expenses as a Percentage of Revenue
EXPENSES AS A PERCENTAGE OF REVENUE 5 © Depreciation and amortization 187.4% Bec eat eneral and administrative 0.5% c 176.2%" ®_ G@echnology and development ® @Sales and Marketing ®@_ @Broadcasting and transmission 147.6% @ @subscriber related exenses @ Player related expenses 1 Impairment of Faceba
Slide 7: Net Loss & Adjusted EBITDA
fubo” NET LOSS & ADJUSTED EBITDA Net Loss Adjusted EBITDA ($ millions) ($ millions) 4a19 420 4Q21 4Q19 4Q20 4Q21 (112.0) -186% Get Loss —* Net Loss Margin @llBAdjusted EBITDA —*—Adjusted EBITDA Margin 4Q21 and 4020 are as-reported:; 4Q19 pro-forma combined ‘Adjusted EBITDA is a non-GAAP measure defi
Slide 8: Non-GAAP 4Q21 Adjusted EPS Build
NON-GAAP 4Q21 ADJUSTED EPS BUILD Three Months Ended December 31, 2021 - Adjusted Earning Per Share Bridge $0.03 $0.07 $0.12 ($0.03) a ($0.57) TT Le! 7 ($0.76) GAAP Reported Stock based Other Non-GAAP = Amortization of Amortization of Adjusted EPS EPS Compensation Adj* Intangibles Debt Discount Refer
Slide 9: Guidance
GUIDANCE NORTH AMERICA STREAMING Revenue Subscribers 1Q22E FY22E 1Q22E FY22E REST OF WORLD STREAMING fubo” Revenue Subscribers 1Q22E FY22E 1Q22E FY22E Paid Subscribers are accounts that have completed registration with fuboTV and have activated a payment method, from which fuboTV hes collected payme
Slide 10: Non-GAAP Financials Measures Reconciliation
fubo” Paid Subscribers are accounts that have completed registration with fuboTV and have activated a payment method, from which fuboTV hes collected payment in the month ending the relevant period. Subscribers are paying accounts for fuboTV, not the number of individuals viewing ‘content on fuboTV
Slide 11: Non-GAAP Financials 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 COGS and Adjusted Contribution Margin (in thousands, except average subscribers and average per user amounts) Year
Slide 12: Non-GAAP Financials Measures Reconciliation (Continued)
Paid Subscribers are accounts that have completed registration with fuboTV and have activated a payment method, from which fLboTV has collected payment in the month ending the relevant period. Subscribers are paying accounts for fuboTV, not the number of individuals viewing ‘content on fuboTV NON-GA
Slide 13: Non-GAAP Financials Measures Reconciliation (Continued)
NON-GAAP FINANCIALS MEASURES RECONCILIATION (CONTINUED) fuboTV Inc. 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 December 31, 2021 December 31, 2020 As-Reported ‘As-Roported