Company Again Improved Global Profitability Metrics by $100M+ for the Trailing Twelve Months
FuboTV Inc., the leading sports-first live TV streaming platform, announced its financial results for the first quarter ended March 31, 2025. During the period, the Company’s global streaming business exceeded subscriber guidance and once again improved its profitability metrics, including $100 million+ improvements in Net income (loss), Adjusted EBITDA (AEBITDA), Net cash provided by operating activities and Free Cash Flow for the trailing twelve months (TTM).
Fubo delivered North America total revenue of $407.9 million during the first quarter 2025, up 3.5% year-over-year (YoY), and 1.47 million paid subscribers, down 2.7% YoY. These results met and exceeded Fubo’s applicable guidance range, respectively.
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In the Rest of World (ROW), Fubo delivered $8.4 million in total revenue, down 0.4% and 354,000 paid subscribers, down 10.9% YoY. These results met and exceeded Fubo’s applicable guidance range, respectively. ROW includes the results of Molotov, the French live TV streaming service acquired by Fubo in December 2021.
Fubo states its key metrics on a YoY basis given the seasonality of sports content.
Net income from continuing operations in the first quarter was $188.5 million1, leading to an earnings per share (EPS) of $0.55. This compares favorably to a Net loss from continuing operations of $56.3 million, or an EPS loss of $0.19, in the first quarter 2024. Adjusted EPS loss in the first quarter was $0.02, compared to an adjusted EPS loss of $0.14 in first quarter 2024. Adjusted EPS excludes the impact of stock-based compensation, amortization of intangibles, gain on extinguishment of debt, amortization of debt premium, net, certain litigation and transaction expenses and gain on settlement of litigation, net.
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In the first quarter, AEBITDA was -$1.4 million, a $37.4 million improvement when compared to the first quarter 2024, reflecting the Company’s continued focus on efficient growth, cost control and its profitability objectives.
Net cash provided by operating activities in the first quarter was $161.4 million1, a $228.4 million increase compared to the first quarter 2024, and Free Cash Flow in the first quarter was -$62 million, an improvement of $9.3 million compared to the first quarter 2024.
Fubo ended the quarter with $327.8 million in cash, cash equivalents and restricted cash on hand.
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Source – Businesswire
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