Exceeding Subscriber Forecasts
Fubo's global streaming business exceeded subscriber forecasts, delivering 1.47 million paid subscribers in North America, surpassing the Q1 guidance of 1.46 million at the high point.
Revenue Growth in North America
Total revenue in North America was $407.9 million, up 3.5% year-over-year, meeting the revenue guidance for the region.
Improvement in Profitability Metrics
Fubo improved global profitability metrics by more than $100 million over the trailing 12 months, highlighting ongoing execution and focus on profitability.
Net Income and EPS Improvement
Net income from continuing operations was $188 million, or $0.55 per diluted share, compared to a net loss of $56.3 million and a loss per share of $0.19 in the prior year period. Adjusted EPS loss improved to $0.02 from a loss of $0.14 a year ago.
Progress in Cost Control and Efficiency
Adjusted EBITDA was negative $1.4 million, a $37 million improvement year-over-year, underscoring focus on cost control and efficient growth.
Interactive Ads Growth
Interactive ad revenues grew by 37% year-over-year, with ad products overall up 41% year-over-year for the first half.