FuboTV Stock Drops After Q1 Subscriber Losses And Lower-Than-Expected Outlook

Benzinga
02 May

fuboTV Inc. reported earnings for the first-quarter of 2025 on Friday. The stock price declined 14% after the results.

Revenue of the sports-first live TV streaming platform grew 8.1% year over year to $405.96 million, marginally missing the analyst consensus estimate of $415.45 million.

Adjusted EPS loss of 2 cents beat the analyst consensus estimate of 9 cents.

Also Read: FuboTV Projects Subscriber Fall In Q1 After Q4 Topline Growth, Stock Tumbles

The company's adjusted EBITDA margin loss stood at .3% versus 9.9% Y/Y. 

North America Streaming: Revenue grew 3.5% Y/Y to $407.9 million, as paid subscribers declined 2.7% Y/Y to 1.47 million. Average revenue per user (ARPU) rose 1.0% Y/Y to $85.37.

Rest of the World Streaming: Revenue was $8.4 million, a 0.4% Y/Y decline, and paid subscribers declined 10.9% Y/Y to 354,000. ARPU grew by 10.9% Y/Y to $7.76.

As of March 31, FuboTV held $327.8 million in cash and equivalents. The company used $(61.99) million in free cash flow in the quarter, compared to $(71.30) million from a year ago.

Outlook: FuboTV expects second-quarter North American revenue of $340 million–$350 million and ROW revenue of $6.5 million-$7.5 million versus consensus of $387.68 million analyst consensus estimate.

Fubo expects 1.55 million-1.59 million total subscribers by the quarter.

It estimates North American subscribers to be 1.225 million-1.255 million, representing a 14% Y/Y decline at the midpoint.

It projects ROW 325,000-335,000 subscribers, representing a 17% Y/Y decline at the midpoint.

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