fuboTV Delivered Record $130.9M Revenue and 681,721 Total Subscribers in Q2 2021; Raises 2021 Guidance
11 8월 2021 - 5:05AM
Business Wire
Live TV Streaming Platform Increased Ad
Revenue 281% YoY to $16.5M, Grew Engagement 148% YoY to 245 Million
Hours During Q2 2021
fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV
streaming platform, today announced its financial results for the
second quarter ended June 30, 2021. The company delivered a strong
second quarter 2021 with triple digit year-over-year growth in
total paid subscribers (up 138% year-over-year to 681,721,
including 91,291 net subscriber additions in the quarter), total
revenue (up 196% year-over-year to $130.9 million) and advertising
revenue (up 281% year-over-year to $16.5 million). Engagement also
reached all-time highs with fuboTV customers streaming 245 million
hours of content during the quarter, a 148% increase
year-over-year.
Complete second quarter 2021 results are detailed in fuboTV’s
shareholder letter available on the company’s IR site.
fuboTV also increased revenue and subscriber guidance for the
full year 2021.
“fuboTV delivered a strong second quarter of 2021 across all of
our key financial and operational metrics: subscribers, total
revenue and advertising revenue,” said David Gandler, co-founder
and CEO, fuboTV. “Engagement also reached record highs as we added
exclusive sports streaming rights with CONMEBOL and began beta
testing predictive, free-to-play gaming integrated into our
streaming platform ahead of our expected launch this fall. Our Fubo
Sportsbook with real-money wagering remains on track for a fourth
quarter launch as we intend to further combine interactivity with
streaming video. Our plans to launch a holistic and personalized
user experience is evidenced by our sportsbook, which we’re excited
to preview on our earnings call this afternoon.”
“We are very pleased with fuboTV’s performance in the first half
of 2021 and believe that we are well positioned to continue to
execute on our long-term financial and operating goals, all while
delivering a differentiated and world-class experience to the
consumer,” said Edgar Bronfman Jr., executive chairman, fuboTV.
“Our second quarter results showcase the continued momentum in our
business, with consumers choosing fuboTV over more expensive legacy
pay TV services due to our innovative product experience and
customer-friendly approach at an affordable price.”
Live Webcast
Gandler and CFO Simone Nardi will host a live video webcast
today at 5:30 p.m. ET to deliver brief remarks followed by Q&A.
The live webcast will be available on the Events page of fuboTV’s
investor relations website. Investors can submit questions in
advance to ir@fubo.tv with the email subject “Q2 2021 Earnings.” An
archived replay will be available on fuboTV’s website following the
webcast. Participants should join the webcast 10 minutes in advance
to ensure that they are connected prior to the event.
About fuboTV
With a mission to provide the world’s most thrilling
sports-first live TV experience through the greatest breadth of
premium content, interactivity and integrated wagering, fuboTV Inc.
(NYSE: FUBO) is focused on bringing to life its vision of a
streaming platform that transcends the industry’s current virtual
MVPD model. fuboTV Inc. operates in the U.S., Canada and Spain.
Leveraging its proprietary data and technology platform
optimized for live TV and sports viewership, fuboTV Inc. aims to
turn passive viewers into active participants and define a new
category of interactive television. Through its cable TV
replacement product, fuboTV, subscribers can stream a broad mix of
100+ live TV channels, including 74 of the top 100 Nielsen-ranked
networks across sports, news and entertainment — more than any
other live TV streaming platform (source: Nielsen Total Viewers,
2020). fuboTV intends to add interactivity to its streaming
experience with the launch of predictive free-to-play gaming in the
fall of 2021.
Fubo Gaming Inc., a subsidiary of fuboTV Inc., expects to launch
Fubo Sportsbook, a comprehensive sports entertainment experience
through sports betting, in Q4 2021, subject to obtaining requisite
regulatory approvals.
Forward-Looking Statements
This press release contains forward-looking statements of fuboTV
Inc. (“fuboTV”) that involve substantial risks and uncertainties.
All statements contained in this press release that do not relate
to matters of historical fact are forward-looking statements within
the meaning of The Private Securities Litigation Reform Act of
1995, including statements regarding our financial condition,
anticipated financial performance, market opportunity, business
strategy and plans, the continued shift in consumer behavior and
the expected launch of free-to-play gaming, Fanview and Fubo
Sportsbook. The words “could,” “will,” “plan,” “intend,”
“anticipate,” “approximate,” “expect,” “potential,” “believe,” or
the negative of these terms or other similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Actual
results or events could differ materially from the plans,
intentions and expectations disclosed in the forward-looking
statements that fuboTV makes due to a number of important factors,
including but not limited to risks related to the ability to
realize the anticipated benefits of the Balto and Vigtory
acquisitions; our actual operating results may differ significantly
from our guidance; risks related to the company’s access to capital
and fundraising prospects to fund its ongoing operations; we may
require additional capital to meet our financial obligations and
support our planned growth; risks related to diverting management’s
attention from fuboTV’s ongoing business operations to address
integration and fundraising efforts; we may never achieve or
maintain profitability; our revenue and gross profit are subject to
seasonality; our operating results may fluctuate; we may not be
successful in attracting and retaining subscribers; we may not be
able to license streaming content or other rights on acceptable
terms; risks related to our ability to capitalize successfully on
market trends and develop and market a sports wagering offering,
and other risks, including the effects of industry, market,
economic, political or regulatory conditions, future exchange and
interest rates, and changes in tax and other laws, regulations,
rates and policies, including the impact of COVID-19 on the broader
market. Further risks that could cause actual results to differ
materially from those matters expressed in or implied by such
forward-looking statements are discussed in our Quarterly Report on
Form 10-Q for the quarterly period ended June 30, 2021, and our
other periodic filings with the SEC. We encourage you to read such
risks in detail. The forward-looking statements in this press
release represent fuboTV’s views as of the date of this press
release. fuboTV anticipates that subsequent events and developments
will cause its views to change. However, while it may elect to
update these forward-looking statements at some point in the
future, it specifically disclaims any obligation to do so. You
should, therefore, not rely on these forward-looking statements as
representing fuboTV’s views as of any date subsequent to the date
of this press release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210810005661/en/
Investor Contacts: Alison Sternberg, fuboTV
asternberg@fubo.tv
The Blueshirt Group for fuboTV ir@fubo.tv
Media Contacts: Jennifer L. Press, fuboTV jpress@fubo.tv
Bianca Illion, fuboTV billion@fubo.tv
Katie Minogue, fuboTV kminogue@fubo.tv
fuboTV (NYSE:FUBO)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
fuboTV (NYSE:FUBO)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024