FuboTV Inc. · NYSE:FUBO
FuboTV — Q2 2021 Earnings Presentation
14 slides from FuboTV's earnings presentation, Aug 10, 2021
Slide 1: 2Q21 Earnings Slides
fulbo™ 2Q21 EARNINGS SLIDES AUGUST 10, 2021 fubo” GUIDE @werworn NETWORKS FILTERED BY All Channels v JUMP TO TODAY v beck up to 7 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 analysi
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: Paid Subscribers definition
Paid Subscribers are total subscribers that have completed registration with fuboTV, have activated a payment method (only reflects one paying user per plan), from which fuboTV has collected payment from in the month ending the relevant period.
Slide 4: Advertising ARPU definition
Advertising ARPU (Average Revenue Per User) is a fuboTV measure defined as total advertising revenue in the period divided by the average daily paid subscribers in such period divided by the number of months in the period.
Slide 5: ARPU, ACPU and Adjusted Contribution Margin definitions
ARPU (Average Revenue Per User) is a fuboTV measure defined as total subscriber revenue collected in the period (subscriber and advertising revenues excluding other revenues) divided by the average daily paid subscribers in such period divided by the number of months in the period. Average Cost Per
Slide 6: Operating Expenses notes
2Q21 and 2Q20 Operating Expenses are as-reported; 2Q19 Operating Expenses are pro-forma combined 2Q19: No material intangible amortization until 2020 (merger); G&A pre-NYSE PublicCo costs build-up & reflecting limited impact from stock based compensation.
Slide 7: Adjusted EBITDA and margin definitions
2Q21 and 2Q20 Operating Expenses are as-reported; 2Q19 Operating Expenses are pro-forma combined Adjusted EBITDA is a non-GAAP measure defined as Net Loss, adding back Depreciation and Amortization, Stock-based compensation, Other expenses (subtracting if positive), Income tax income (subtracting if
Slide 8: Adjusted Net Loss and Adjusted EPS notes
Refer to the reconciliations of GAAP Net Loss to Non-GAAP Adjusted Net Loss in the non-GAAP information in the tables. Adjusted EPS represents Adjusted Net Loss divided by the number of weighted average shares outstanding for the applicable period. *Includes Change in fair value of warrant liabiliti
Slide 9: Paid Subscribers definition
Paid Subscribers are accounts that have completed registration with fuboTV and have activated a payment method, from which fuboTV 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
Slide 10: Appendix
Slide 11: Non-GAAP Financial Measures Reconciliation
NON-GAAP FINANCIALS MEASURES RECONCILIATION Reconciliation of Subscription Revenue to Non-GAAP Subscription ARPU and Reconciliation of Advertising Revenue to Non-GAAP Advertising ARPU (in thousends, except average subscribers and average per user amounts) Year-over-Year Comparison Subscription Reven
Slide 12: Non-GAAP Financial Measures Reconciliation (Continued)
NON-GAAP FINANCIALS MEASURES RECONCILIATION (CONTINUED) 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 amounts) Year-ov
Slide 13: Non-GAAP Financial Measures Reconciliation (Continued)
NON-GAAP FINANCIALS MEASURES RECONCILIATION (CONTINUED) Reconciliation of Net Loss to Non-GAAP Adjusted EBITDA (in thousands) Year-over-Year Comparison Reconciliation of Net Loss to Adjusted EBITDA Net loss Depreciation and amortization of intangible assets Stock-based Compensation Other income (exp
Slide 14: 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 June 30, 2021 June 30,2020 ‘As-Reported ‘As-Reported Net loss attributabl