fuboTV Inc 2024年度报告

ANNUALREPORT April 29, 2025 Fellow Shareholders, Fuboclosed out 2024 with record-breaking total revenue and paid subscribers in North America whileimproving global key profitability metrics by over $100 million on an annual basis for the secondconsecutive year. We believe these results reflect our high-quality execution, resilience amidst industrytransformation, and steadfast commitment to the consumer.Furthermore, our results demonstratefurther progress towards our 2025 profitability goal. Taking a closer look at our 2024 results, Fubo posted a record $1.62 billion of global revenue, up 19%year-over-year (YoY). Notably, on a full-year basis, we achieved year-over-year improvements in bothNet Loss and Adjusted EBITDA of $115 million, Net cash provided by operating activities of $97 million,and Free Cash Flow of $104 million. This means we have improved Adjusted EBITDA and Free CashFlow by over $100 million each year for the past two years, a significant achievement by the company.In North America, Fubo ended the year with $1.59 billion of annual revenue (up 19% YoY), including$85.97 average revenue per user (ARPU), and 1.676 million paid subscribers (up 4% YoY). One of our key priorities throughout the year remained providing users with an exceptional experiencecharacterized by quality, innovation, compelling content, and ease of use. In 2024, we made strategicinvestments to support these goals which have already started to yield results, and we believe they willcontinue to deliver significant value for all our stakeholders. For example, through our investments inproduct, infrastructure and streaming quality, we drove North America viewership to over 1.7 billionhours in 2024, our highest year yet. Furthermore, according to Comscore, Fubo ranked among theU.S.’s top 10 most-watched video services in 2024, alongside Spectrum TV, ESPN and Netflix. 2024marked the first time Fubo appeared in the top 10, ranking above 40 other video services includingPluto, Amazon Prime Video and Tubi. Our 2024 performance reaffirms our belief that Fubo’s aggregated video bundle delivered through apremium, personalized streaming experience, offers value for our customers, media partners, andshareholders. Looking ahead to 2025, we are thrilled to have announced in January a definitiveagreement with The Walt Disney Company to combine the Hulu + Live TV and Fubo businesses,subject to certain closing conditions including, among other things, obtaining requisite shareholder andregulatory approval. Thank you for your continued support and being a part of our journey. We look forward to sharing moreupdates on our progress with you in the coming year. David Gandler, Co-founder and CEO UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 Form 10-K (Mark One) xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from ________ to ________ Commission file number 001-39590 fuboTV Inc. (Exact name of registrant as specified in its charter) Florida26-4330545 (State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) (Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code (212) 672-0055Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of exchange on which registered Common Stock, par value $0.0001 per shareFUBONew York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesxNoo Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.YesoNox Table of Contents Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was requiredto file such reports), and (2) has been subject to such filing requirements for the past 90 days.xYesoNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).xYesoNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “acceleratedfiler,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accele