FuboTV reports Q EPS (48c), consensus (71c)

Reports Q4 revenue $319.3M, consensus $285.54M.Fubo ended the fourth quarter with $343.2M in cash, cash equivalents and restricted cash. The company remains confident in its current liquidity position. The company also drove a 1,127 basis points (bps) year-over-year improvement in Net Loss Margin and a 814 basis points (bps) year-over-year improvement in fourth quarter Adjusted EBITDA margin for continuing operations1. Additionally, Fubo achieved the most favorable quarterly cash usage since becoming a publicly traded company in October 2020. "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. We believe our continued subscriber growth gives us real leverage in partner negotiations and we are more closely examining which content aligns with our profitability goals. Additionally, we believe our Unified Platform initiative, which will integrate Molotov’s team and technology, will drive further innovation enabling us to deliver a premium experience that surprises and delights our customers. We remain very excited about the opportunity in front of us."