fuboTV Posts Double-Digit Growth In North America In Q3 Aided By Aggregation Of Premium Sports, News, Entertainment

fuboTV Inc FUBO reported third-quarter revenue growth of 43% year-on-year to $224.8 million, beating the consensus of $213.2 million.
Adjusted EPS loss of $(0.52) beat the consensus loss of $(0.73).
Adjusted EBITDA margin loss improved by 1,062 bps to (41.2)%.
North America Streaming: Revenue grew 40% Y/Y to $219.2 million as subscribers grew 31% Y/Y.
Rest of the World Streaming: Revenue was $5.8 million.
fuboTV ended the quarter with $307.4 million of cash and equivalents.
"We're very pleased with Fubo's third quarter performance demonstrated by double-digit year-over-year growth in North America across several of our KPIs: subscribers, total revenue, and ad revenue," said Edgar Bronfman Jr., executive chairman, FuboTV.
"We believe our dual subscription and advertising model provides value for shareholders while our aggregation of premium sports, news and entertainment content is an affordable option for consumers."
Outlook: fuboTV sees Q4 revenue of $282.5 million - $288.5 million, above the consensus of $275.6 million.
It sees FY22 revenue of $971.9 million - $977.9 million, above the consensus of $952.84 million.
Price Action: FUBO shares traded lower by 2.21% at $3.32 on the last check Friday.

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