Fubotv (FUBO) financial statements
Fubotv reported revenue of $402M in fiscal 2024, up 95.5% a year over 9 years.
Net income was -$172M and the operating margin -48.7%, against -316.0% in 2015.
Free cash flow was -$94M.
The diluted share count rose 156669881% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Fubotv's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $964,000 | $24,000 | $41,000 | — | $4M | $218M | $638M | $1.0B | $1.4B | $402M |
| Cost of revenue | $792,000 | $6,000 | $8,000 | — | — | — | — | — | — | — |
| Gross profit | $172,000 | $18,000 | $33,000 | — | — | — | — | — | — | — |
| Research and development | — | $161,000 | — | — | — | $30M | $55M | $69M | $68M | $80M |
| Selling, general and admin | $247,000 | $276,000 | $1M | $7M | $14M | $141M | $225M | $265M | $271M | $278M |
| Operating income | -$3M | -$1M | -$1M | -$15M | -$39M | -$480M | -$328M | -$412M | -$289M | -$196M |
| Interest expense | -$340,000 | $168,000 | $911,000 | $3M | — | — | — | $14M | $14M | $21M |
| Pre-tax income | — | — | $10M | -$15M | -$43M | -$609M | -$354M | -$427M | -$294M | -$177M |
| Income tax | — | — | — | -$2M | -$5M | -$10M | -$3M | -$2M | -$879,000 | $659,000 |
| Net income | -$8M | -$10M | $10M | -$11M | -$34M | -$570M | -$383M | -$561M | -$287M | -$172M |
| EPS (diluted) | -$37,136.10 | -$10,782.60 | $0.74 | -$2.37 | -$1.57 | -$12.82 | -$2.78 | -$3.08 | -$1.04 | -$0.54 |
| Diluted shares | 0M | 0M | 2M | 4M | 22M | 44M | 137M | 182M | 276M | 320M |
| Gross margin | 17.8% | 75.0% | 80.5% | — | — | — | — | — | — | — |
| Operating margin | -316.0% | -4879.2% | -2790.2% | — | -910.4% | -220.4% | -51.4% | -40.8% | -21.1% | -48.7% |
| Net margin | -786.0% | -41941.7% | 25546.3% | — | -804.5% | -261.9% | -60.0% | -55.7% | -21.0% | -42.8% |
Balance sheet
Fiscal years, from Fubotv's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $48,000 | $77,000 | $77,000 | $31,000 | $8M | $135M | $371M | $337M | $245M | $161M |
| Receivables | — | $10,000 | — | — | $9M | $17M | $34M | $44M | $80M | $71M |
| Inventory | — | — | — | — | $49,000 | — | — | — | — | — |
| Total current assets | $61,000 | $115,000 | $80,000 | $31,000 | $18M | $157M | $429M | $437M | $387M | $274M |
| Property, plant and equipment | $2,000 | — | $6,000 | $14,000 | $335,000 | $2M | $5M | $5M | $5M | $6M |
| Goodwill | — | — | — | $150M | $228M | $478M | $620M | $619M | $623M | $615M |
| Total assets | $313,000 | $115,000 | $86,000 | $286M | $368M | $859M | $1.4B | $1.3B | $1.2B | $1.1B |
| Total current liabilities | $6M | $15M | $3M | $19M | $67M | $227M | $337M | $439M | $517M | $515M |
| Long-term debt | — | — | — | — | $44M | — | — | — | — | — |
| Total liabilities | $6M | $14M | $3M | $54M | $145M | $236M | $699M | $874M | $949M | $897M |
| Shareholders' equity | -$5M | -$14M | -$3M | $233M | $223M | $623M | $671M | $402M | $284M | $181M |
| Net debt | -$48,000 | -$77,000 | -$77,000 | -$31,000 | $36M | -$135M | -$371M | -$337M | -$245M | -$161M |
Cash flow
Fiscal years, from Fubotv's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$915,000 | -$603,000 | -$612,000 | -$3M | $2M | -$149M | -$196M | -$317M | -$178M | -$79M |
| Capital spending | — | — | $12,000 | — | $175,000 | $211,000 | $7M | $6M | $18M | $14M |
| Free cash flow | — | — | -$624,000 | — | $2M | -$149M | -$203M | -$323M | -$196M | -$94M |
| Stock-based compensation | $2M | $319,000 | — | — | $1M | $51M | $53M | $52M | $51M | $43M |
| Net borrowing | $300,470 | — | — | — | $300,000 | — | — | — | — | — |
| Free cash flow margin | — | — | -1522.0% | — | 36.4% | -68.5% | -31.9% | -32.0% | -14.3% | -23.3% |
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Open FUBO in InvestinglyQuestions
What was Fubotv's revenue in 2024?
$402M in fiscal 2024, from its 10-K filing.
How much free cash flow does Fubotv generate?
-$94M in fiscal 2024 (operating cash flow minus capital spending).
From Fubotv's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.