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FuboTV (FuboTV) Operating Income : $-289 Mil (TTM As of Dec. 2023)


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What is FuboTV Operating Income?

FuboTV's Operating Income for the three months ended in Dec. 2023 was $-72 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-289 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. FuboTV's Operating Income for the three months ended in Dec. 2023 was $-72 Mil. FuboTV's Revenue for the three months ended in Dec. 2023 was $410 Mil. Therefore, FuboTV's Operating Margin % for the quarter that ended in Dec. 2023 was -17.58%.

FuboTV's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. FuboTV's annualized ROC % for the quarter that ended in Dec. 2023 was -29.74%. FuboTV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -576.64%.


FuboTV Operating Income Historical Data

The historical data trend for FuboTV's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

FuboTV Operating Income Chart

FuboTV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -30.29 -230.97 -328.28 -411.86 -289.35

FuboTV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -93.90 -81.46 -52.52 -83.28 -72.09

FuboTV Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-289 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FuboTV  (NYSE:FUBO) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

FuboTV's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-288.364 * ( 1 - 0.56% )/( (959.569 + 968.879)/ 2 )
=-286.7491616/964.224
=-29.74 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1220.473 - 331.075 - ( 259.935 - max(0, 451.257 - 381.086+259.935))
=959.569

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1232.64 - 394.352 - ( 245.278 - max(0, 517.345 - 386.754+245.278))
=968.879

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

FuboTV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-237.044/( ( (41.556 + max(-317.297, 0)) + (40.66 + max(-362.687, 0)) )/ 2 )
=-237.044/( ( 41.556 + 40.66 )/ 2 )
=-237.044/41.108
=-576.64 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62.092 + 0 + 59.059) - (331.075 + 85.898 + 21.475)
=-317.297

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(80.299 + 0 + 61.177) - (394.352 + 90.203 + 19.608)
=-362.687

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. Operating Income is also linked to Operating Margin %:

FuboTV's Operating Margin % for the quarter that ended in Dec. 2023 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=-72.091/410.181
=-17.58 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


FuboTV Operating Income Related Terms

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FuboTV (FuboTV) Business Description

Traded in Other Exchanges
Address
1290 Avenue of the Americas, New York, NY, USA, 10104
FuboTV Inc is a sports-first, live TV streaming company, offering subscribers access to tens of thousands of live sporting events annually as well as news and entertainment content. Its platform, FuboTV, allows customers to access content through streaming devices and on SmartTVs, mobile phones, tablets, and computers. The company offers subscribers a live TV streaming service with the option to purchase incremental features available for purchase that include additional content or enhanced functionality best suited to their preferences. The operating segment of the group is Streaming. It has a business presence in the U.S. and other international countries.
Executives
Alberto Horihuela officer: Chief Marketing Officer 1330 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
John Janedis officer: Chief Financial Officer C/O FUBOTV INC., 1330 AVENUE OF THE AMERICAS, NEW YORK NY 10019
David Gandler director, officer: Chief Executive Officer 1330 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
Julie Haddon director C/O COLOSSEUM ACQUISITION, 190 ELGIN AVE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9008
Comcast Corp 10 percent owner ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Edgar Jr Bronfman director 390 PARK AVE 4TH FLR, NEW YORK NY 10022
Daniel V Leff director 300 HAMILTON AVENUE, PALO ALTO CA 94301
John C Textor director, officer: Chief Executive Officer WYNDCREST HOLDINGS, LLC, 150 SOUTH US HIGHWAY ONE, SUITE 500, JUPITER FL 33477
Laura Diane Onopchenko director 1330 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
Ignacio Figueras director 1330 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
Henry Ahn director 1330 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10019
Fbnk Finance S.a R.l. 10 percent owner 1 COTE D'EICH, LUXEMBOURG N4 L-1450
Par-jorgen Parson director 5-9 UNION SQUARE WEST, 3RD FLOOR, NEW YORK NY 10003
Tfcf America, Inc other: See footnote (1)(2) 500 SOUTH BUENA VISTA STREET, BURBANK CA 91521
Discovery, Inc. 10 percent owner 230 PARK AVENUE SOUTH, NEW YORK NY 10003