On Friday, FuboTV Inc (NYSE:FUBO) reported earnings for the fourth quarter of 2024. Revenue of the sports-first live TV streaming platform grew 8.1% year over year to $443.277 million, marginally missing the analyst consensus estimate of $445.798 million.

Adjusted EPS loss of 2 cents beat the analyst consensus estimate of 18 cents loss.

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The company’s adjusted EBITDA margin loss stood at (2.0)% versus (12.2)% Y/Y. 

North America Streaming: Revenue grew 8% Y/Y to $433.8 million, as paid subscribers grew 6.2% Y/Y to 1.64 million. Average revenue per user (ARPU) rose 1.4% Y/Y to $87.90.

Rest of the World Streaming: Revenue was $9.4 million, a 12.1% Y/Y jump, with a paid subscriber decline of 10.9% Y/Y to 362,000. ARPU grew by 24.8% Y/Y to $8.50.

As of December 31, 2024, FuboTV held $167.6 million in cash and equivalents. Free Cash Flow in the fourth quarter was $16.3 million, an improvement of $22.1 million from a year ago.

Co-founder and CEO David Gandler highlighted the launch of standalone sports and entertainment skinny bundles, expanded availability of Multiview products to Roku devices, and launch of innovative and interactive connected TV ad formats for brand marketers as key accomplishments of 2024. He also emphasized a business combination agreement with The Walt Disney Company’s (NYSE:DIS) Hulu + Live TV and plans to launch a new Sports & Broadcasting service.

Outlook: FuboTV expects first-quarter North American revenue of $400 million–$410 million and ROW revenue of $7.5 million-$8.5 million versus consensus of $440.24 billion consensus estimate.

Fubo expects 1.430 million to 1.460 million total subscribers by Q1, representing a 4% YoY decline at the midpoint. This outlook reflects the potential subscriber impact of the company’s recent non-renewal with TelevisaUnivision. It projects ROW 330,000 to 340,000 subscribers, representing a 16% YoY decline at the midpoint.

FuboTV stock surged 73% in the last 12 months as it topped the revenue and EPS consensus of at least seven out of the preceding eight quarters.

Price Action: FUBO stock traded lower by 10.80% at $3.14 premarket at last check on Friday.

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