FuboTV Inc. · NYSE:FUBO
FuboTV — Q3 2022 Earnings Presentation
16 slides from FuboTV's earnings presentation, Nov 4, 2022
Slide 1: 3Q22 Earnings
3Q22 EARNINGS November 4, 2022 1
Slide 2: Disclaimer: Forward-Looking Statements
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 within
Slide 3: North America Streaming
NORTH AMERICA STREAMING Year-over-Year Subscribers, 3Q22 Year-over-Year Subscription Revenue, 3Q22 (thousands) ($ millions) 31% 42% 1,231 $196.3 937 $138.0 3Q21 3Q22 3Q21 3Q22 3
Slide 4: Rest of World Streaming
REST OF WORLD STREAMING Subscribers, 3Q22 Total Revenue, 3Q22 (thousands) ($ millions) 358 $5.8 3Q22 3Q22 Note: Comparable information is not presented for Rest of World (ROW) metrics because until our acquisition of our French streaming service, Molotov, in December 2021, we primarily operated in N
Slide 5: North America Advertising
NORTH AMERICA ADVERTISING Advertising Revenue Advertising ARPU ($ millions) 21% -12% $22.5 $8.32 $18.6 $7.37 3Q21 3Q22 3Q21 3Q22 Advertising Average Revenue Per User (Ad ARPU), with respect to a given period, is defined as total advertising revenue recognized in such period, divided by the average d
Slide 6: Global Expenses as a Percentage of Revenue
GLOBAL EXPENSES AS A PERCENTAGE OF REVENUE Depreciation and amortization General and administrative Technology and development 166% 167% Sales and Marketing 6% 16% Broadcasting and transmission 1% Subscriber related expenses 17% 4% 9% Player related expenses 10% 9% Impairment of intangible assets 32
Slide 7: Global Net Loss & Adjusted EBITDA
GLOBAL NET LOSS & ADJUSTED EBITDA Net Loss Adjusted EBITDA ($ millions) ($ millions) 3Q21 3Q22 3Q21 3Q22 $0.0 3Q21 3Q22 0.0% ($81.3) ($92.7) -10.0% ($40.0) -10.0% ($105.9) ($80.0) ($152.7) -20.0% ($30.0) -30.0% ($120.0) -30.0% -41.2% -50.0% ($160.0) -40.0% -51.9% ($70.0) -70.0% ($200.0) -50.0% ($240
Slide 8: 3Q22 Adjusted EPS
NON-GAAP 3Q22 ADJUSTED EPS Three Months Ended September 30, 2022 - Adjusted Earning Per Share Bridge 0.19 ($0.52) 0.04 0.07 ($0.82) GAAP EPS Stock based Compensation Amortization of Intangibles Impairment of Intangible and Adjusted EPS other long-lived assets Refer to the reconciliations of GAAP Net
Slide 9: Guidance: North America Streaming
GUIDANCE: NORTH AMERICA STREAMING Revenue Subscribers $952.2 m 1,365 K $280.0 m 4Q22E FY22E FY22E The above numbers represent the midpoint of the guidance outlook. Paid Subscribers are accounts that have completed registration with fuboTV and have activated a payment method, from which fuboTV has co
Slide 10: Guidance: Rest of World Streaming
GUIDANCE: REST OF WORLD STREAMING Revenue Subscribers $22.7 m 360 K $5.5 m 4Q22E FY22E FY22E The above numbers represent the midpoint of the guidance outlook. Paid Subscribers are accounts that have completed registration with fuboTV and have activated a payment method, from which fuboTV has collect
Slide 11: Non-GAAP Financial Measures Reconciliation
NON-GAAP FINANCIALS MEASURES RECONCILIATION fuboTV Inc. Reconciliation of GAAP Subscription and Advertising Revenue to North America ARPU (in thousands, except average subscribers and average per user amounts) Year-over-Year Comparison Three Months Ended September 30, 2022 September 30, 2021 As-Repo
Slide 12: Non-GAAP Financial Measures Reconciliation (Continued)
NON-GAAP FINANCIALS MEASURES RECONCILIATION (CONTINUED) fuboTV Inc. Reconciliation of GAAP Subscription and Advertising Revenue to ROW ARPU (in thousands, except average subscribers and average per user amounts) Three Months Ended September 30, 2022 As-Reported Subscription Revenue (GAAP) $ 201,911
Slide 13: Non-GAAP Financial Measures Reconciliation (Continued)
NON-GAAP FINANCIALS MEASURES RECONCILIATION (CONTINUED) fuboTV Inc. Reconciliation of GAAP Subscription Revenue to North America Subscription ARPU and Reconciliation of GAAP Advertising Revenue to North America Advertising ARPU (in thousands, except average subscribers and average per user amounts)
Slide 14: Non-GAAP Financial Measures Reconciliation (Continued)
NON-GAAP FINANCIALS MEASURES RECONCILIATION (CONTINUED) fuboTV Inc. Reconciliation of GAAP Subscription Revenue to ROW Subscription ARPU and Reconciliation of GAAP Advertising Revenue to ROW Advertising ARPU (in thousands, except average subscribers and average per user amounts) Three Months Ended S
Slide 15: Net Loss to Non-GAAP Adjusted EBITDA
NON-GAAP FINANCIALS MEASURES RECONCILIATION (CONTINUED) fuboTV Inc. Reconciliation of Net Loss to Non-GAAP Adjusted EBITDA (in thousands) Year-over-Year Comparison Three Months Ended September 30, 2022 September 30, 2021 As-Reported As-Reported Reconciliation of Net Loss to Adjusted EBITDA Net loss
Slide 16: Net Loss to Non-GAAP Adjusted Net Loss and Adjusted EPS
NON-GAAPFINANCIALS NON-GAAP FINANCIALSMEASURES MESURES RECONCILIATION RECONCILIATION(CONTINUED) (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 September