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Revenue from Contracts with Customers
 3 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers

Note 5 - Revenue from Contracts with Customers

 

Disaggregated revenue

 

The following table presents the Company’s revenues disaggregated into categories based on the nature of such revenues (in thousands):

 

   2022   2021 
   Three Months Ended March 31, 
   2022   2021 
Subscriptions  $219,168   $107,114 

Advertising

   23,152    12,606 

Wagering

   (301)   - 
Total revenue  $242,019   $119,720 

 

The following tables summarize subscription revenue and advertising revenue by region for the three months ended March 31, 2022 and 2021:

 

  

For the three months ended

March 31,

 
   2022   2021 
United States and Canada   236,774    119,617 
Rest of world   5,546    103 
Total subscription and advertising revenue   242,320    119,720 

 

Contract balances

 

There were no losses recognized related to any receivables arising from the Company’s contracts with customers for the three months ended March 31, 2022 and 2021.

 

For the three months ended March 31, 2022 and 2021, the Company did not recognize material bad-debt expense and there were no material contract assets recorded on the accompanying condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021.

 

 

fuboTV Inc.

Notes to the Condensed Consolidated Financial Statements

(Unaudited)

 

The contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of March 31, 2022 and December 31, 2021, the Company’s contract liabilities totaled $43.0 million and $44.3 million, respectively, and are recorded as deferred revenue on the accompanying condensed consolidated balance sheets.

 

Transaction price allocated to remaining performance obligations

 

The Company does not disclose the transaction price allocated to remaining performance obligations since subscription and advertising contracts have an original expected term of one year or less.