FUBO - Earnings call transcript Q1 2024

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Operator

Good morning. My name is Dennis, and I will be your conference operator today. At this time, I would like to welcome everyone to the Fubo First Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Alison Sternberg, Senior Vice President of Investor Relations at Fubo. Please go ahead.

Alison Sternberg

us Fubo's joining quarter for you to first discuss XXXX. Thank Co-Founder today of of is me and Fubo. David CFO With Janedis, Gandler, CEO John Fubo and Full our which can commentary found on additional earnings details Relations and ir.fubo.tv. be results section Investor in of release shareholders, available at our management to letter the of our website are and

anticompetitive trends, competitors factors results expectations plan, our excluding forward-looking accounted which SEC. practices historical our consumer in could quarter certain laws, Important and our materially with the segment, uncertainties David are is actual presentation. basis, strategy, discontinued to filings a results the differ as to, those statements but we our that and gaming Before we some discussed remarks statements the forward-looking will forward-looking everyone financials of as of former may that industry brief format cover begin, from response and are year not with financial analysts the remind statements regarding contain Except performance, financial condition, the and on let operations. we and plans, me and today's noted, Q&A. securities over for cause statements operations profitability. and and within on John and continuing guidance the guidance. These risks, like assumptions. antitrust the of business to Fubo will our quickly regarding results otherwise including, presenting subject to to for are start and following full call meaning review the strategy including include discussion going would turn to Then lawsuit limited our are among today the the anticipated I federal the

the shareholder the over which our may also on also is XXXX non-GAAP earnings our website GAAP directly non-GAAP of Reconciliations to these With we financial letter, that, measures QX During are call available turn David. certain to in will measures. at most ir.fubo.tv. refer to comparable call, the measures available I

David Gandler

Allison. Good quarter XXXX for you all us discuss you, Thank thank today morning, Fubo's to and first results. joining

are key XX% double-digit operating strong North first subscribers our and year-over-year XXXX. metrics guidance paid across America in We the up growth up year-over-year. XX% with million start quarter. Fubo again, and financial with during quarter in exceeded ended pleased very total with $XXX We $X,XXX,XXX, at revenue, the to

be XX% million, we American an Our In ad year-over-year, source of QX, North expanding for to an an delivered increase accelerating demonstrating sales $XX.X of revenue business Fubo. business. continues revenue ad

pleased also In are and We to improvement quarter XXX first reached towards minus report adjusted positive flow first achieving EBITDA of EBITDA. in period of an or approximately $XX points basis quarter marked increase a steady progress dollars million another QX, of margin cash the the XX%, absolute representing that to yet significant of adjusted XXXX. compared

TV represents direction. in range our achieved efficiency end of we increased and space in consecutive per grown lowest underscoring our on our to This pay well below since ratio, in SAC demonstrates QX, acquisition acquisition. cost share In our Notably, ratio QX flow the user NYSE. improvements to cash market or average of revenue momentum ARPU target customer X.Xx. we've X free October in Additionally, forward subscriber low to listing our of fifth EBITDA, year-over-year the the the our XXXX adjusted the right quarter

companies sectors. well results for continued and to the the for XXXX of founding, March against across grow are XXXX company. since our media efficiently on ability Fubo's rate demonstrative March These represented tech quickly, the any Additionally, and lowest performing churn benchmark record effectively

are are industry these leaders metrics, results applying and to even these line While time Moneyball statistics our growth comparing more impressive when about.

revenue Fubo employee reached in larger in $X we can one In $X.X Roku, billion achievement which Fubo after instance, We globally, million XXXX, Fubo their on companies and we apart this billion latest respective direct-to-consumer XX compared is believe scale when figure X per XXXX, revenue to Netflix of founded. in streaming. $X a based years our the productive years most believe sets generated particularly improve like launches. the just of after For This revenue projections. striking as further it's achieved XX companies years and mark,

in The generated examples per stack $X underscore streaming also the highlight challenged tech efficiently Roku than revenue as a employee, be For both we those of on and same the we to challenge $X.X of that costs we the encouraged period. during have consumers launch discovery. long-standing a strength DIRECTV each content the programmers. competitors, approximately million our that We our declarations who by while accessibly the to is continue support the litigation face, DISH by against meeting, JV. These so operates playing remains at XX and venture far. practices above preliminary exorbitant Disney JV contractual days penetration it imposed we through engaged the backing achieved spent market. believe field by has less motion same us context, leveled. other we on leading of by in allege filing which period, and received joint Netflix Notably, consequently is were and quarter, pending pricing competition and customers lawsuit, we in an our Spotify one management anticompetitive our same venture companies' above-market filed but our suit the Walt XX% while revenue million committed the our licensing of market. existential choice, the and to joint suppressing part Fubo that our industry in are are first of launch contractual Nearly The position we team, the current in after as unless Fubo's innovation. issues we encouraged Corp. imposed enjoying and onerous Bros. operator quarter, Fox of the content. affordability, and the our have for The Company, the market, monopolizing aimed has terms the other and by onerous core are Warner the this until These early, of such injunction at on made well In total are been against fees of terms rates. true progress depriving

a and Additionally, our limited our the date U.S. for set for granted District request Court has discovery motion. hearing

to of Hillen. eager JV's are of Congressman claims that Castro Texas from requesting we of X. market broadcast April, concerns. JV negatively the they competition. concerned control Nadler present Justice. congressman injunction impact ask a also letter sports preliminary Capitol Jerry XX% also will court They beginning of strong Joaquin that the the XX responses and address motion CEOs that content noteworthy, in We the support these are Department received York be of very consumers Equally with sent in August and our have New shared In

Fubo, discovery. flexibility We days further streaming representing At history innovative DOJ's DIRECTV, this fair And we ability companies multiple reported forcing letter only receive like as enhance but sent the products investigation Fubo, pricing, equitable Just the well JV. by a NewsMax least, networks are the consumer from and by not also Warner JV. Fubo customers This owned Bros. to to is they hearing the unfair the a terms last groups including cosigners of experience. as should that offer week, lost a encouraged on programmers. to advocacy be DISH, hold our all requesting the distributors, the sports able X deals minimum, reason into the and should few launch packaging why programmers subscribers Discovery competitive ago, Congress

While expect flexible the offered they the renewal, the from consumers has content did the these flexible has Sports and straight that committed and on From sports the displayed discovery targeting Turner not JV tech quo license extension status entertainment packaging offering above to prominently mission terms. marquee, we we our we Meanwhile, never and and advertising -- on negotiating also asked that calling sports will for we to our alongside the takeover delight offer. a new Carousel streaming previous include for same home our want Fubo ads outset, branded week's enable reach are At with ads, experience. to discuss innovation an to a requested sports. Instead, Fubo packaging, upfronts, in announced with several been Networks intuitive WBD market. a an aggregated to pause offerings what this ads, brand leverages enhanced passionate the banner interactive personalized partners sands, screen. terms

last weekend. the On tech front, Imagine X game the or the the within playlists a DVR fall playlist for just in from beta introducing of pointers night's just are recorded content. we basketball you shots game from last a AI-driven consumer

that maximizing Our improve their watching consumers to enabling controls moments the believe and forecast this partners. them. substantial plan drive will programming tune-in user the and is QX our of recordings, and could to DVR matter represented of for league exceeding sports consumer closing, DVR. playlists, help vastly the With strong most our value rewatching personalize for making In also quarter another experience, their We and progress.

hurdles in market head steadfast addressing in challenges. are our and despite We proactive on these execution

to call streaming is I upon turn a our financial discuss products. innovative competitive John detail. competitive is market. results landscape only greater consumers Fubo and Janedis, This in a promotes vision to was achievable over offers now vision John? CFO, Our and founded fair that pricing the the which in truly choice, will

John Jenadis

just with deliver including improvement growth Thank across of you, everyone. I David, key am performance about and strong ability indicator. and another to top our every line quarter good morning, results, continued pleased

over results business us our that positive serve model a retention a also the business all, positions that quarter. are results as our customer the impact. operational efficiency actions and acquisition results for are Taking quarters quarter for added few first The Above to and growth. working that initiatives bringing further continued look and at past support the having the evidence well the provide around our effectiveness

and America XX% World. We subscriber and X% over continue line XX% top growing growth by of North growth growth, driven in million, to by $XXX.X in see with global to healthy revenue Rest

growth growth, our million XX% We are to and world rest subscribers overall also including subscribers. of X% pleased America a with X.XX in North in increase subscriber

progress performance Our reflected well. our key metrics but is subscriber in revenue as not across growth, and only

to we to continue over added revenue expenses, our in of example, gain QX. leverage from which decreased XX% subscriber-related XX% an As

to subscribers, and pricing work we as continue to and structure grow to plans. trend further this cost of continue premium our optimize fine-tune mix expect our We

ARPU to year improved in $XX.XX prior a compared $XX.XX, to meaningful in the In improvement America period. addition, North

We also in $X.XX. from saw Rail business to $X our in ARPU improvement an of rest

trend this ARPU improvement year-over-year we Importantly, to in expect continue.

that some the that improving continues significantly been choppiness on our will and let a which of segment it has As are revenue drivers, company continue overall key me business, of path relates we advertising turn confident industry to to face. advertising despite the this to our the

the versus first $XX.X ad or period. quarter, totaled XX% million a revenue During increase year prior the

the side Turning the to of operational business.

efficiency. to X%, lowering near continue point gross a expenses margin, We positive margin in sixth our progress consecutive of saw increasing margin. Starting we gross improvement quarter with and to in XXX make gross basis marking

of led net $XX.X in compared year year quarter million in improvement income significant significant loss across of led reduction the from to loss the period. to of loss improvement in million a a margin compared year-over-year to QX XX% quarter resulted progress a with reduction ongoing the negative the statement share a a prior Our favorably $X.XX This a loss net loss prior also to first per or to first XX%, of net period. margin in in a XX.X% $X.XX, loss a $XX.X negative XXXX XXXX. of loss This

$X.XX, adjusted the across of our in In making First of business. an recent XXXX. first for $X.XX progress prior loss adjusted to We quarter an improved loss to margin a short, improvement are the quarters $XX.X compared a in was an compared million also negative improvement a adjusted of to loss negative XX.X%, period. in loss in resulted QX the this -- underscore significant we XXXX. a quarter EBITDA results from EPS adjusted year million XX.X% This of EPS the $XX.X of EBITDA a and loss quarter

goals. company the in potential profitability direction well business moving the of resilience to us is the we our and advance the and believe positions Importantly, reflects on

to the ended with Moving million balance cash. of sheet. equivalents cash restricted quarter $XXX the and We cash,

the to sufficient in potential both to that launch profitability, believe as have the of setting we to streaming ahead, continue business path aside the liquidity sports well Looking invest JV. as support our any of impact we

our ongoing flow. in efforts resulted the In maximize in efficiencies to leverage identify addition, $XX a million business and free across cash improvement

with discipline and progress the maintaining the are around We quarter. continue to pleased and our rigor company-wide on cost we focus made throughout

guidance. Now turning to

X,XXX,XXX at quarter Our second representing is midpoint. North guidance year-over-year to XX% subscriber the growth subscribers, X.XXX,XXX America

million, revenue to potential $X.XXX not reflects any acquisition This our volatility, $XXX.X midpoint. billion, from And relative While X.XXX year-over-year America growth at along $X.XXX year full XXXX in to maintain subscribers, of does year-over-year million growth America projects guidance exposure North XXXX our reflect with to year to costs our year-over-year JV. for particular, industry second a XX% discipline North $XXX.X intention billion midpoint. but XX% full to representing growth a representing potential This guidance for to current quarter X% $X.XXX billion the midpoint. monetization, and at subscriber guidance in the our to impact is revenue, outlook leads million our at representing the subscriber the

X% continued subscriber economics. XXX,XXX at XXX,XXX subscribers expect quarter, projects growth for and subscribers the year-over-year the the million $X representing guidance at the revenue quarter. growth midpoint full projection in million, leads second $XX X% midpoint midpoint, year-over-year million, million at X% growth of second at representing ARPU This of the $XX for for while year-over-year year-over-year Our representing to revenue And XXXX, full XXX,XXX and expansion World, Rest expectation to growth X% a representing growth midpoint. we reflects $X unit XXXX in of our of decline revenue improved guidance guidance year the our XXX,XXX to year to of at patient the to

with our including outcome ongoing while post record of an lawsuit ability venture, our potential our Given reflect through and the the to pleased of environment. business. not DOJ's initiatives our joint our to across investigation, launch guidance operational summary, path any launch planned success are venture revenue joint unknowns of related to our continue and and to the profitability In to impact the do potential the the to we challenging managing have many

confidence increases that path furthers continued right our in our on and we Our future shareholders. to success the value deliver performance strong are our belief to Operator?

Operator

the Laura is from [Operator Martin question first line Instructions] Needham. Your of with

Laura Martin

on Could Could lower. please? driving and customer talk you about you first lower what's costs that, churn talk acquisition

John Jenadis

is John. I'll start. this Laura,

would an the is churn reasonably our saw So, done what quarter. team terms of so say SAC, -- in it's job I good a -- we for marketing amazing has and just in improvement

to as been, in multiple. I a the SAC the is it's Our lowest think, history it relates

about say good guess budget job And so, I really they've that's an at the it. spending done would think right we else... anything a feel and pretty of I good time moving I around. that And

David Gandler

team no there side. phenomenal as program. impact we real of other we the impact was unexpected and you cohort. time, on look, in I At That And the men's college driver done, didn't able say, a was fall one entertainment know, Yes, quarter sure lack to of been was so the would didn't Yes. think programming find the And overlap -- coverage same we've TNT the retain the have sports able to the women's and basketball. that positives that making certainly we has with anticipate. some of job a I from we're that

Laura Martin

see you helpful. in numbers, And Okay. really talk doing the order? to quarter. a you got like accelerating... ad helpful trends very the that advertising strong you Would margins. those sales Could -- very them then actually strong whether and you which to relate force you've programmatic, better and better Are is in That's about continuing

David Gandler

strategically focused in advertising and Yes. our business, monetization on capabilities. We're very our we've invested

And of that mentioned, ads. of on to our As on ad key the I focused banner drive I formats one focus is new think just value. we're releasing pieces

And prominently home specifically a focused we're also call the which the next our issues we're fragmentation We've As responding meeting quarter Roku productized on many of and the to this ensuring we you does we unit, new Marquee, our our on the which on its finally landscape. media needs is that growing advertisers, quarter and around platform. banner displayed selling ads of job phenomenal know, page.

agreement I advertisers. times, on of the measurements several And think provide we've have you the so, comScore side. third-party an throughout I one about think, with the and more signed what cross-platform was of thing deprecation to year, And for importance talked cookies currently that I Google

a we've the subscriber and household with Fubo in deal data to so, pend to also And TransUnion locked demo information.

banners on units. focused very advertising. actually doesn't in the quite it engagement. So, we're focused -- We're are new interesting on because any improvement require

day of average, Although hours, monthly believe, engagement year-over-year. already just On and very customers high. on is X hours up watching per north X%, about over our XXX engagement's a average, are I

advertising. really around speaks excitement all market. our that So, We've to gone to

strong. to Our be continues go-to-market strategy

high an discretionary audience really have that income. has We

you it, to we're advertising month. about looking As business. know, our to And per that. forward confident drive pay continuing very call subscribers our $XX-plus We're

John Jenadis

Laura, actually was there, add Yes. on think leadership ago I I of it, touched exactly of but type And there this you year too. instantaneous our points response couple And would new actually to And week. a them. started team a

XQ XQ as so last and And would what we mid-teens. plus versus you say year, ahead. I like how quarter was is And was little in it to And XX%. a then ended ahead April quarter last I'd looking advertising of more we then looking relates this grew say seeing the visibility we're today for And up. there XX%, as noted,

Operator

ISI. Your is line next the question of from Li Evercore Jian with

Jian Li

This Evercore. Jay is Great... with

current factoring discovery So first is on of And should much the major And in mind? for we keep license sort that I impact headwind other up you content negotiation the renewal coming understand in. that JV for North year. with the how America not baked are Sabka any just offline? the of in

John Jenadis

this Yes. is I'll start, John.

renewals, was most we or X recent X said content and is a that disclose we don't the discovery one. year, I've specific historically said the have clearly, of one in So What we terms those.

what the drop. relates impact would say you that is that, deals I of specific is look, the impact. terms what outlook, quarter can But I to simply talk assume does year full never an outlook outlook actually that we've second also in tell disclosed our or As from and our it to subscriber --

Jian Li

maintaining clear. more very consider seeing target the tailwind That's would of level you're range is or LTV? And a the Great. acquisition in second leaning this just efficiency bit one and like your the you advertising, given into customer actually strong to fact at

John Jenadis

more Sorry, you what saying that? what... Are was into leaning

Jian Li

in that tailwind given just ARPU advertising. seeing this acquisition, customer Into you're distribution

John Jenadis

Yes, think profitability has And achieving marketing in XXXX. from to goal very potential about our question. you expense as time. good the incur an models, in with you today created over onset is been I have Look, know, subscriber that value

just And we able much don't have be to those investments. to us that make of do that, kind room for so

However, you versus we acquisition want now under this certainly to invest of efficient cost are type would With correct. later. normal circumstances,

a profitability sense. with lot makes measured very that a we've But again, achieving key planned. as focus So of very we're on disciplined and

Operator

Your the Seaport next line question is Research of Joyce with Partners. from David

David Joyce

significant even had [ cash outflows us units technology the you free unveiled that heavy were trending Could because the You up some a and help tier cash ]. was in quarter better. new unusually us for bit standing flow the an just that though ad NewFronts new of was you understand, the Fubo prepping were at quarter, the free first you're this

John Jenadis

Thanks think, as this is I usage David, seasonal, know. for I'd John. highly start by saying the is that our you question. Look, cash Yes,

result Day basis improving Investor use highest going our what year-over-year usage August quarter a I'd as we But that. we've And in was cash that's our what that of was I forward. see on XX, said would done. back going to XQ cash a so And say

as also use would in purpose, run our for cash not XQ internal rate. would came I add So, forecast. better that than I modeling XQ And usage a

the will fourth the say, of And modest. for on And the as I'd last an a usage very reminder, year, of rest cash year cash our improve basis. then absolute usage so, in quarter was

our I out call very too investments modest. add for was premium, of the to again, quarter. nothing there's investment that So, in terms would And

David Joyce

the front And advertising are still there week? what this you're on, other was announced products on that beyond working

John Jenadis

have focused really there use are is really that are was significant we're we've I Look, there AI year forward-looking just things monetization. to very can we're Yes. an actually think that -- opportunities. And of units at And focused first some that full These think released other looking of really we area monetization. of on positive impacts I me that are this of on the on. our number sort areas

you're a to situation episode that what's watching on then AI read be to just of watch. about relevant ad you to call an is happening the that or an content that where think the screen actually content of piece So, end at can able and whatever

drive many, particularly the So, key most high-quality engagement monetization, high, is Netflix we a areas which can which sort is and brand obviously, really component that And levels fact what's advertisers are most level they're around really to in believe is becomes think advertising the area I of think on data that. extremely that important content, units to and engagement many high that key an has of capabilities. area around ad of continue focused which there's highlighted we of awareness. platform interest ad also in focused innovate Put And engagement. the a I

Operator

the Roth Your line next from is of Darren MKM. Aftahi question with

Darren Aftahi

I may. If

later about free ahead you of this the thoughts year? kind can just tier give talk launch the then on your Just channel. And of the SaaS

have I ad forward. you to change said the today business that think channels going contribution just XX guys the and how may you now,

David Gandler

we ago, you, quite Darren, started this can And behind adding Look, David. a paywall. tell is they've Yes. performed fast say ago, X.X well. year our maybe I years channels would I actually

the looking account channels of I recent viewing. fast think now X% about at for Just most that numbers,

folks may be content. some high a of So cable for as quality content mean, believe not roughly, as call amount X hours. it, I that's hours tremendous that

to attempted we've discovery faith of very closely. is to them. monitoring We've our Part in negotiation. -- tied negotiate that calculus that sort been with we're So, of good

really really absorbed channels didn't that some know, you out fast of viewing. As very have the work well. that But

want coming with into consumers that make the we platform engaging people sure are also happy demand service, the testing the along we're to we that. are So, And and number of the curve. trials that very about

of think, that waiting both in And so the to for continue will in when the we us to to sport having sort season pausing their next -- realm subscription as allow tier, as well and free subscriptions the start. monetize users they're

So again, very we're bullish on that.

new ad very you units, we're said, units, of going continue we've we that. interactive As this to on level. sort growing and And focused to our have helps introducing our really we're that ARPU, goal know, ad of next advertising do monetize best and just as a to us get to

John Jenadis

indexed I our rate [indiscernible] consistent in year-over-year. broadcasting hours and And overall in fairly of for was transmission down it the may bit in also the and Darren, a would to over platform. just thinking say, despite ours overall a was, channel for The sales the I'd things as of channels opportunity about terms relates significant company fill March, that, of fast help and far that metrics actually increase couple growth side, add you with per the on in that the sub terms --

from turning profit pretty it's the So for driver company. into a good perspective, profit a

Operator

is of Barrington James with question Goss Your line the next from Research.

James Goss

things. A Okay. couple of

brand about And that? the is that and not room my terms what Or negotiation that Molotov robust a then in there there. to largely there I is potential competitiveness be a there and have to noted an was are Is in the you're in would France First, to talk which it's are clearly, the price important the $X fairly sort incremental seems or question and rights for of at personalized is is things high not like so technology provide Union. it in very is the strategy point European issue for an higher fee penetrated second -- this -- do on trying the and that something issues service a playlists, else? rights the ARPU the of point. I do? unwillingness the the and And terms wonder of service, DVR and to

David Gandler

sure. Yes,

feature. can this With playlist this your a very if questions. a I'll well, DVR of answer is is see respect of I that the all feature. unique think sort to I a services, Recall

exciting the in is consumers initiated. user is control. And I It's it to referred a feature control. way, control It's engagement DVR within and user sort this to own. are So, things to they a them, earlier then user our of and built their subscribers a of give what to user experience. a way them really this the realm increase really improve and This to think within we've relevant watch that their as we control

programming DVR. being I'm to -- IP. always of us service anything again, So a tune-in programmers And is way it has there's the not improve the reach lead the that and allows to given that their maximize our sure ability that as any discussed fact we're driving programs there within goal the with service. our to the our that needs are for be in to that been that obviously, the That said, really obviously difficulties our for consumers well in ensure as

And fact that our you be think I part ways we'll we as of is to our look TV We'll their will this are know, YouTube others agreements, And which as that. the distributors claims to Plus within alleged that. we So first to features offer, have. do our unable is are able as other to for continue that Hulu to service. offer And of to offers mention part offer do don't and work has attempt rights, ESPN highlights. allowed stacking I

growth, that we strong best subscriber we're growth. the revenue focused and with people consumer on in But quality believe really is a product advertising again, strong we it can. So dealing growth that reflected strong the the love. and building we're And again, that,

We're is opportunity north just efficient. which been of really market. in large service to took about over Malta a that's again, that revenue. when was in Molotov, gross margin back business million to We've a which XX%, very profile, delivered to excited of XXXX. relates it very about level their That As set we -- the just now million. speaks In $XX XXXX, everyone, service it that is south of $X again,

very out the provided focused was able We is to same to resources growth speaks far, player that business we've technology exciting our have pretty which budget, States Fubo drive advantage able costs, France, Malita at they a haven't on to is is efficient platform, there questions. United be opportunity to has really But without been said, been that get profitability. in marketing so and about really drive we've and there. the -- building in and of, the is And think to to fact attention any also them I time, as unified been there, very I'll a cutting take the really scale been we able it to need what's forward. for pause think that you which potential the I a

James Goss

Okay.

it for now. covers that Now

Operator

next is Cantor Brett the with of question Knoblauch Fitzgerald. from our line

Brett Knoblauch

On the that a same Bros guess going from was the you're pricing Warner Or I to your I be to perspective to savings discovery, contract you're that bottom leave just negotiations. alter paying and will pricing guess, line? those now Will not I distribution strategy? flow where something going the curious fees. the that is pricing

David Gandler

room have Yes. know, it's in you Well, that as pricing. not we our much current like

that We're pressure quickly. under dealing terms to on by us tactics of quite for they our reach been a apply with that period the long it onerous profitability time. continue We pernicious business, defendants have for make difficult to

line. remain at to pricing this should so time, will bottom quo status in the point and our And flow we this believe

Brett Knoblauch

termination possible that, service? it fees to you from the for of is quantify guess, I savings And

David Gandler

reflected the would the is impact reflected short next content to begin we think quarter that in our our But next probably content Yes. sure those be or and I deals I'm disclose of on business. don't quarter. Well, in the the answer you see deals

Operator

Thank back Alison I turn now you to Sternberg. for your will the all questions. call

Alison Sternberg

morning. you, this questions for your Thank everybody, thoughtful

to ensure conclude, question Before currently take we I our to the shareholder long-term This going did portal. from to SA is creation. taking want what sustainable one shareholder I'm David. and to value The direct growth is question you, measures company --

David Gandler

value. over last shareholder Thank really you, we we've I Well, cost on Alison. X focused evident been think on are focused that creating cutting. it's And been very the quarters

gross areas, year that our you'll as margin and operating on subscriber-related drivers continued are broadcasting our note transmission at look is as key you well expenses, X If which leverage, down year-over-year the lines. improvement this

So those to leading been down, on we've to our then focused on doubling greater content are And operational value. really help strategy. drive lines down continuing X costs

we're first. very sports see, you As much

the the sports have terms reach with couple to of experiment our very and of for features. more capabilities. distribution, demand we're engagement networks. in to starts to content to in AI-powered the continuing that see forthcoming product We're continue more as the our launched technology And drive I opportunities we're that mentioned. continuing team X quarters. more to featuring forward looking across curve, then in that you'll of will probably look as just over capabilities, area. and next to And looking XX tier regional We We're on And focused be develop

Alison Sternberg

Excellent. Thank Back operator. David. to you, you,

Operator

today's concludes This for all Thank Call. Fubo joining. Quarter First you XXXX Earnings

may disconnect. You now

fuboTV (FUBO) 3 May 242024 Q1 Earnings call transcript