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FuboTV sees Q1 revenue $ $295M-$300M , consensus $304.33M.
The Fly

FuboTV sees Q1 revenue $ $295M-$300M , consensus $304.33M.

Historically, Q1 has been softer than Q4, when viewed sequentially, on revenue and subscribers. Our Q1 2023 guidance reflects our continued emphasis on ARPU and unit economicexpansion, alongside the impact of seasonality, the strong benefit from the World Cup in Q4 2022, our recently announced price increases, and additional content adjustments.Our Q1 2023 subscriber guidance projects 1,140,000-1,160,000 subscribers. In addition, our Q1 2023 revenue guidance projects revenue of $295-$300 million. While the subscriber guidance represents 9% growth year-over-year at the midpoint, the revenue guidance represents 26% growth year-over-year at the midpoint. This reflects our emphasis on ARPU and unit economic expansion. Similarly, on a full-year basis we are guiding to revenue of $1,195-$1,225 million, representing 23% YoY growth at the midpoint, and subscribers of 1,510,000-1,530,000, representing 5% YoY growth at the midpoint. Excluding the estimated impact of the 2022 World Cup, a quadrennial event, we are continuing to forecast double-digit growth for 2023 of roughly ~10% at the midpoint of our guidance range.

Published first on TheFly

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