FuboTV Registered Over 38% Topline Growth In Q4 Backed By North America Subscribers - FuboTV (NYSE:FUBO)

FuboTV Inc FUBO reported fourth-quarter revenue growth of 38.2% year-on-year to $319.32 million Monday, beating the consensus of $285.54 million.

Adjusted EPS loss of $(0.39) beat the consensus loss of $(0.71).
Adjusted EBITDA margin loss improved by 820 bps to (23.6)%.
North America Streaming: Revenue grew 36% Y/Y to $312.1 million as subscribers grew 29% Y/Y.
Rest of the World Streaming: Revenue was $7.2 million.
FuboTV ended the quarter with $343.2 million of cash and equivalents.
"Fubo delivered a record fourth quarter and full year across a number of our key financial and operational metrics," said Edgar Bronfman Jr., executive chairman, Fubo. "In 2022, we added differentiated content, including Bally Sports' expansive portfolio of regional sports networks, aimed at driving subscriber growth and doubling-down on our sports-first positioning."
Outlook: FuboTV sees Q1 revenue of $300.5 million - $306.5 million versus the consensus of $304.4 million.
It expects FY23 revenue of $1.220 billion - $1.254 billion, below the consensus of $1.260 billion.

Price Action: FUBO shares traded higher by 3.02% at $2.38 premarket on the last check Monday.