fuboTV Inc. - FUBO STOCK NEWS

FuboTV Inc. (NYSE: FUBO) reported robust third-quarter results for 2022, with North American revenue hitting $219.2 million, a 40% increase year-over-year. Advertising revenue rose by 21% to $22.5 million, while paid subscribers in North America reached a record 1,231,000, up 31% year-over-year. Revenue from the Rest of World segment was $5.8 million with a total of 358,000 subscribers. The company ended the quarter with $307.4 million in cash and saw improvements in Operating Cash Flow and Adjusted EBITDA Margin.

FuboTV Inc. (NYSE: FUBO) will provide live streaming of all 64 matches of Qatar 2022™, starting November 20. U.S. customers can access coverage via FOX Sports (English) and Telemundo (Spanish). Notably, FuboTV's English broadcasts, including the final, will be available in 4K HDR, continuing its legacy as the first virtual MVPD to stream in this format during the Russia 2018 tournament. The event will conclude on December 18, positioning FuboTV as a leader in sports streaming with interactive features for an enhanced viewing experience.

Fubo Sports Network, part of FuboTV (NYSE: FUBO), announces the premiere of the third season of No Chill with Gilbert Arenas on October 27. The show will feature Miami Heat's Victor Oladipo as its first guest. This follows a successful year for the network, with a 121% increase in viewership year-over-year and 5.4 million total streams for No Chill. Fubo Sports Network continues expanding its basketball content through new original series and aims to capitalize on its growing audience across various platforms.

FuboTV Inc. (NYSE: FUBO) has announced strong preliminary results for Q3 2022, projecting revenue of at least $210 million in North America, a 34% year-over-year increase. Paid subscribers are expected to exceed 1.22 million, reflecting a 27% growth. Despite this growth, the company anticipates a negative Adjusted EBITDA of $100 million and will cease operations of its Fubo Sportsbook to focus on profitability. FuboTV expects to maintain a cash balance of at least $300 million as it aims for profitability by 2025.

FuboTV Inc. (NYSE: FUBO) will announce its financial results for Q3 2022 on November 4, 2022, before the market opens. Following the announcement, CEO David Gandler and CFO John Janedis will host a conference call at 8:30 a.m. ET to discuss the results and provide insights on the company's outlook. Investors can access the live webcast via FuboTV's investor relations website and are encouraged to submit questions in advance. FuboTV is focused on delivering a premium sports-first live TV streaming platform across multiple countries.

FuboTV (NYSE: FUBO) has partnered with Altitude Sports, enhancing its sports streaming offerings in 10 Rocky Mountain states. This multi-year agreement allows FuboTV subscribers to access coverage of key teams including the Denver Nuggets and Colorado Avalanche, featuring 74 and 69 regular season games respectively. The deal boosts FuboTV's local content and sports-first streaming strategy, adding to its portfolio of over 50,000 live sporting events annually, alongside national networks like ESPN and CBS Sports. This agreement is expected to offer fans an affordable way to follow their favorite local teams.

FuboTV Inc. (NYSE: FUBO) announced its success with Unified ID 2.0 advertising campaigns via The Trade Desk, achieving a 112.8% growth in advertiser spend year-over-year. Ad impressions also surged by 25% year-over-year, with a 61.5% increase in spending by advertisers. This initiative allowed for better ad targeting and efficiency, resulting in a 9% reduction in cost per action (CPA) and a 14% improvement in return on ad spend (ROAS) for advertisers. FuboTV aims to leverage its position in connected TV (CTV) to innovate further in advertising technology.

FuboTV Inc. (NYSE: FUBO) announced on September 26, 2022, that its Compensation Committee granted restricted stock unit awards covering 103,866 shares to six new employees. These awards aim to incentivize their employment and will vest annually over four years. This grant falls under FuboTV’s 2022 Employment Inducement Equity Incentive Plan and complies with New York Stock Exchange regulations.

FuboTV, a leader in live TV streaming, provides over 100 live sports and entertainment networks in the U.S., Canada, France, and Spain, leveraging its data platform for interactive sports engagement.

FuboTV Inc. (NYSE: FUBO) has launched Fubo Sportsbook in New Jersey, marking an important step in integrating live TV streaming with sports wagering. The sportsbook allows users aged 21 and older to bet on thousands of live events via the Fubo Sportsbook app. Fubo's innovative platform combines watching and wagering, aiming to enhance user engagement during the upcoming football season. The launch is supported by a partnership with Caesars Entertainment and aims to capitalize on New Jersey's established sports betting market.