fuboTV Inc. (FUBO) reported Q2 EPS of ($0.63), $0.08 better than the analyst estimate of ($0.71). Revenue for the quarter came in at $221.9 million versus the consensus estimate of $227.51 million.
Guidance:
North America Streaming
Our Q3 2022 guidance projects 1,135,000 - 1,155,000 subscribers, representing 22% year-over-year growth at the midpoint, and revenue of $200 - $205 million, representing 29% year-over-year growth at the midpoint.
On a full-year basis we are updating our previous guidance, including revenue of $910 - $930 million, representing 45% year-over-year growth at the midpoint. We are also guiding to total year-end subscribers of 1,330,000 - 1,350,000, representing 19% year-over-year growth at the midpoint. This compares to our prior full-year revenue guidance of $1,020 - $1,030 million and subscriber guidance of 1,465,000 - 1,475,000. This downward revision of our previous full-year guidance takes into account the impact of our subscriber shortfall in the second quarter as well as additional conservatism in our subscriber outlook based on the changing macro environment, while the revenue guidance also reflects the expected pace of subscriber growth within the third quarter and throughout the remainder of the year.
Note that this guidance does not include any projected revenues from online sports wagering.
ROW Streaming
We are guiding to Q3 2022 revenue of $5.0 - $6.0 million and subscribers of 340,000 - 360,000.
On a full-year basis, we are increasing our previous guidance to revenue of $20 - $25 million and total year-end subscribers of 340,000 - 360,000. This compares to our prior full-year revenue guidance of $20-$25 million and total year-end subscribers of 300,000 - 310,000.
Please note that above guidance for North America streaming and ROW streaming reflects our internal forecasts as of today. As a result of, among other things, the current macroeconomic environment, our actual operating results may differ significantly from our guidance.