FuboTV Inc.

Listed Company

FUBOCIK 0001484769NYSELarge AcceleratedServices-Motion Picture & Video Tape ProductionDelawareFY ends Sep 30

Period

FY 2024

Revenue

$1.62B

Net Income

$-172.25M

Total Assets

$1.08B

Equity

$180.78M

Shares Out

342.66M

Op. Cash Flow

$-79.48M

Business

FuboTV Inc. operates a sports-first live TV streaming service that functions as a Pay TV replacement, aggregating live sports, news and entertainment through a single app. It offers subscription packages (e.g., Fubo Essential, Pro, Elite) with optional add-ons and Attachments such as premium channel packages, Cloud DVR Plus, Family Share and interactive features, and provides digital advertising inventory and ad products. Key business segments include direct-to-consumer subscriptions, digital advertising sales and platform services for content providers and partners. Fubo distributes its service via streaming devices, smart TVs, mobile devices and web across the United States, Canada, Spain and France.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Revenues	1,623	1,368	1,009	638	218
Subscriber related expenses	1,361	1,213	976	593	204
Broadcasting and transmission	58	69	73	56	30
Sales and marketing	202	207	184	136	63
Technology and development	80	68	69	55	30
General and administrative	75	64	81	89	78
Depreciation and amortization	39	36	37	38	44
Impairment of other assets	4	0	0	—	—
Total operating expenses	1,819	1,658	1,421	967	698
Operating loss	−196	−289	−412	−328	−480
Interest expense	−21	−14	−14	—	—
Interest income	7	11	2	0	—
Amortization of debt premium (discount), net	1	−3	−2	—	—
Gain on extinguishment of debt	30	2	0	−380,000	−25
Change in fair value of warrant liabilities	0	0	−2	3	−83
Other income (expense)	2	−923,000	1	−90,000	147,000
Total other income (expense)	19	−5	−15	−26	−129
Loss from continuing operations before income taxes	−177	−294	−427	−354	−609
Income tax (provision) benefit	−659,000	879,000	2	3	10
Net loss from continuing operations	−178	−293	−425	−352	−599
Net income (loss) from discontinued operations before income taxes	2	5	−137	−31	0
Income tax (provision) benefit	0	0	0	0	0
Net income (loss) from discontinued operations	2	5	−137	−31	0
Net loss	−176	−288	−562	−383	−599
Less: Net loss attributable to non-controlling interest	4	463,000	442,000	126,000	29
Net loss attributable to common shareholders	−172	−287	−561	−383	−570
Foreign currency translation adjustment	−9	5	−767,000	—	—
Comprehensive loss attributable to common shareholders	−181	−283	−562	−383	−571
Basic loss per share from continuing operations (in dollars per share)	−0.54	−1.06	−2.33	−2.56	−12.82
Diluted loss per share from continuing operations (in dollars per share)	−0.54	−1.06	−2.33	−2.56	−12.82
Basic income (loss) per share from discontinued operations (in dollars per share)	0	0.02	−0.75	−0.23	0
Diluted income (loss) per share from discontinued operations (in dollars per share)	0	0.02	−0.75	−0.23	0
Basic loss per share (in usd per share)	−0.54	−1.04	−3.08	−2.78	−12.82
Diluted loss per share (in usd per share)	−0.54	−1.04	−3.08	−2.78	−12.82
Basic (in shares)	320	276	182	137	44
Diluted (in shares)	320	276	182	137	44

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Cash and cash equivalents	161	245	337	371	135
Accounts receivable, net	71	80	44	34	17
Prepaid sports rights	25	40	38	3	—
Prepaid and other current assets	17	21	14	14	4
Assets of discontinued operations	0	462,000	5	6	—
Total current assets	274	387	437	429	157
Property and equipment, net	6	5	5	5	2
Restricted cash	6	6	6	5	1
Intangible assets, net	134	158	172	204	216
Goodwill	615	623	619	620	478
Right-of-use assets	32	36	36	35	5
Other non-current assets	10	18	4	3	91,000
Total assets	1,077	1,233	1,278	1,370	859
Accounts payable	68	74	67	56	31
Accrued expenses and other current liabilities	336	320	264	215	126
Notes payable	7	6	6	5	5
Deferred revenue	98	90	65	—	—
Long-term borrowings - current portion	1	2	—	4	24
Current portion of lease liabilities	5	5	2	4	799,000
Liabilities of discontinued operations	0	20	33	6	—
Total current liabilities	515	517	439	337	227
Convertible notes, net	332	392	394	316	—
Lease liabilities	33	38	39	32	4
Other long-term liabilities	16	2	2	0	128,000
Total liabilities	897	949	874	699	236
COMMITMENTS AND CONTINGENCIES (Note 15)	—	—	—	—	—
Common stock par value $0.0001: 1,000,000,000 shares authorized; 339,144,854 and 299,215,160 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively	34,000	30,000	21,000	16,000	9,000
Additional paid-in capital	2,219	2,137	1,972	1,691	854
Accumulated deficit	−2,018	−1,846	−1,558	−1,009	−626
Non-controlling interest	−16	−12	−12	−11	−11
Accumulated other comprehensive (loss) income	−5	4	−595,000	172,000	—
Total shareholders equity	181	284	402	671	623
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	1,077	1,233	1,278	1,370	859

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31
Stock-based compensation	43	51	52	53	51
Deferred income tax provision (benefit)	218,000	−995,000	−2	−3	−10
Change in fair value of warrant liabilities	0	0	2	−3	83
Amortization of right-of-use assets	4	3	3	954,000	681,000
Other adjustments	700,000	695,000	1	583,000	−620,000
Accounts receivable, net	9	−36	−10	−15	−13
Prepaid expenses and other assets	8	−14	−950,000	−4	−2
Prepaid sports rights	15	−2	−34	−3	0
Accounts payable	−6	7	12	9	−39
Accrued expenses and other liabilities	14	52	50	65	41
Deferred revenue	8	25	21	26	9
Lease liabilities	−5	−3	1	—	—
Net cash used in operating activities - continuing operations	−76	−173	−290	−172	−149
Net cash used in operating activities - discontinued operations	−4	−5	−27	−24	0
Net cash used in operating activities	−79	−178	−317	−196	−149
Purchases of short-term investments	0	0	−100	0	0
Proceeds from maturity of short-term investments	0	0	100	0	0
Purchases of property and equipment	−3	−1	−1	−3	−166,000
Proceeds from sale of property and equipment	0	28,000	0	0	—
Capitalization of internal use software	−11	−17	−5	−4	−45,000
Purchase of intangible assets	−2	−4	0	0	−45,000
Purchase of strategic investment	0	−4	0	0	—
Net cash used in investing activities - continuing operations	−16	−25	−6	−30	−1
Net cash used in investing activities - discontinued operations	0	0	−6	−46	0
Net cash used in investing activities	−16	−25	−12	−76	−1
Proceeds from the issuance of common stock, net of offering costs	43	117	292	—	—
Redemption of non-controlling interest	0	−2	0	0	—
Repurchase of convertible notes	−27	−3	0	0	−4
Vested restricted stock units settled for cash	−181,000	−125,000	0	0	—
Payments for financing costs	−5	0	0	—	—
Proceeds from exercise of stock options	3,000	373,000	829,000	3	2
Proceeds from the exercise of warrants	0	0	5	4	2
Repayments of notes payable and long-term borrowings	−414,000	−441,000	−2	0	−333,000
Net cash provided by financing activities - continuing operations	11	111	296	512	279
Net cash provided by financing activities - discontinued operations	0	0	0	0	0
Net cash provided by financing activities	11	111	296	512	279
Net decrease in cash, cash equivalents and restricted cash	−84	−92	−33	240	129
Interest paid	15	13	14	8	5
Income tax paid	251,000	258,000	0	—	—
Reclassification of the equity components of the 2026 Convertible Notes to liability upon adoption of ASU 2020-06	0	0	75	0	0
Strategic investment - marketing commitment	0	4	0	—	—
Cashless exercise of warrants	0	0	5	16	98
Unpaid intangible assets included in accounts payable	50,000	540,000	0	0	—
Unpaid financing costs included in accounts payable	0	15,000	18,000	51,000	0
Unpaid property and equipment included in accounts payable	0	12,000	0	0	—

Filings

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