FuboTV Inc. · NYSE:FUBO
FuboTV — Q1 2023 Earnings Presentation
15 slides from FuboTV's earnings presentation, May 5, 2023
Slide 1: 1Q23 Earnings
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Slide 2: Disclaimer: Forward-Looking Statements
DISCLAIMER Forward-Looking Statements This presentation contains forward-looking statements of FuboTV Inc. (“Fubo”) 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 t
Slide 3: North America Streaming
NORTH AMERICA STREAMING Year-over-Year Subscribers, 1Q23 Year-over-Year Total ARPU, 1Q23 (thousands) 22% 8% 1,285 $71.43 $76.79 1,056 1Q22 1Q23 1Q22 1Q23 Paid Subscribers are accounts that have completed registration with Fubo, have activated a payment method (only reflects one paying user per plan)
Slide 4: Rest of World Streaming
REST OF WORLD STREAMING Year-over-Year Subscribers, 1Q23 Year-over-Year Total Revenue, 1Q23 (thousands) ($ millions) 24% 41% 379 $7.8 305 $5.5 1Q22 1Q23 1Q22 1Q23 Paid Subscribers are accounts that have completed registration with Fubo, have activated a payment method (only reflects one paying user
Slide 5: North America Advertising
NORTH AMERICA ADVERTISING Advertising Revenue ($ millions) -1% $22.8 $22.5 1Q22 1Q23 5
Slide 6: Global Expenses as a Percentage of Revenue
GLOBAL EXPENSES AS A PERCENTAGE OF REVENUE Depreciation and amortization General and administrative Technology and development Sales and marketing 156% Broadcasting and transmission 4% 5% Subscriber related expenses 12% 125% Discontinued operations 0% 8% 3% 18% 5% 6% 8% 13% 6% 101% 93% 1Q22 1Q23 1Q2
Slide 7: Net Loss & Adjusted EBITDA: Continuing Operations
NET LOSS & ADJUSTED EBITDA: CONTINUING OPERATIONS Net Loss Adjusted EBITDA ($ millions) ($ millions) +$45.0 +$36.4 1Q22 1Q23 1Q22 1Q23 $0.0 0.0% 5.0% ($20.0) ($40.0) -5.0% ($58.9) ($83.4) -10.0% ($95.3) ($128.4) -15.0% ($60.0) ($80.0) -20.0% -25.0% -18.2% -25.7% ($100.0) ($120.0) -35.0% -30.0% -45.0
Slide 8: Non-GAAP 1Q23 Adjusted EPS: Continuing Operations
NON-GAAP 1Q23 ADJUSTED EPS: CONTINUING OPERATIONS Three Months Ended March 31, 2023 - Adjusted Earning Per Share Bridge 0.04 0.00 0.06 ($0.27) ($0.37) GAAP EPS Stock-based Compensation Amortization of Intangibles Amortization of Debt Adjusted EPS Discount The above figures reflect loss from continui
Slide 9: Guidance: North America Streaming
GUIDANCE: NORTH AMERICA STREAMING Revenue Subscribers ($ millions) (thousands) $1,250 1,560 1,130 $295 2Q23E FY23E 2Q23E FY23E The above figures represent the midpoint of the guidance outlook. Paid Subscribers are accounts that have completed registration with Fubo, have activated a payment method (
Slide 10: Guidance: Rest of World Streaming
GUIDANCE: REST OF WORLD STREAMING Revenue Subscribers ($ millions) (thousands) $30.6 405 380 $7.4 2Q23E FY23E 2Q23E FY23E The above figures represent the midpoint of the guidance outlook. Paid Subscribers are accounts that have completed registration with Fubo, have activated a payment method (only
Slide 11: Key Performance Metrics and Non-GAAP Financial Measures Reconciliation
KEY PERFORMANCE METRICS AND NON-GAAP FINANCIAL 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 March 31, 2023 Mar
Slide 12: Key Performance Metrics and Non-GAAP Financial Measures Reconciliation
KEY PERFORMANCE METRICS AND NON-GAAP FINANCIAL MEASURES RECONCILIATION fuboTV Inc. Reconciliation of GAAP Subscription and Advertising Revenue to ROW ARPU (in thousands, except average subscribers and average per user amounts) Year-over-Year Comparison Three Months Ended March 31, 2023 March 31, 202
Slide 13: Key Performance Metrics and Non-GAAP Financial Measures Reconciliation
KEY PERFORMANCE METRICS AND NON-GAAP FINANCIAL MEASURES RECONCILIATION fuboTV Inc. Reconciliation of Net Loss from Continuing Operations to Non-GAAP Adjusted EBITDA (in thousands) Year-over-Year Comparison Three Months Ended March 31, 2023 March 31, 2022 As-Reported As-Reported Reconciliation of Net
Slide 14: Key Performance Metrics and Non-GAAP Financial Measures Reconciliation
KEY PERFORMANCE METRICS AND NON-GAAP FINANCIAL MEASURES RECONCILIATION fuboTV Inc. Reconciliation of Net Cash Used in Operating Activities - Continuing Operations to Free Cash Flow (in thousands) Year-over-Year Comparison Three Months Ended March 31, 2023 March 31, 2022 As-Reported As-Reported Net c
Slide 15: Non-GAAP Financial Measures Reconciliation (Continued)
NON-GAAP KEY PERFORMANCE FINANCIALS METRICS MESURES RECONCILIATION AND NON-GAAP (CONTINUED) FINANCIAL MEASURES RECONCILIATION fuboTV Inc. Reconciliation of Net Loss Attributable to Common Shareholders to Non-GAAP Adjusted Net Loss and Adjusted EPS (in thousands) Year-over-Year Comparison Three Month