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Segments
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segments

Note 11 - Segments

 

Prior to the third quarter of 2021, the Company operated its business and reported its results through a single reportable segment. As a result of the launch of the Company’s wagering business, the Company began to operate its business and report its results through two operating and reportable segments: streaming and wagering.

 

Operating segments are components of the Company for which separate discrete financial information is available to and evaluated regularly by the chief operating decision maker (“CODM”), who is the Company’s Chief Executive Officer, in making decisions regarding resource allocation and assessing performance. The CODM assesses a combination of metrics such as revenue and adjusted operating expenses to evaluate the performance of each operating and reportable segment.

 

 

fuboTV Inc.

Notes to the Condensed Consolidated Financial Statements

(Unaudited)

 

The following tables set forth our financial performance by reportable segment for the three months ended March 31, 2022. Comparable information is not presented because the wagering business had not commenced operations during the three months ended March 31, 2021.

 

   Streaming   Wagering   Total 
Revenue  $242,320   $(301)  $242,019 
Adjusted operating expenses               
Subscriber related expenses   245,621    -    245,621 
Broadcasting and transmission   20,297    -    20,297 
Sales and marketing   33,818    3,488    37,306 
Technology and development   16,266    2,474    18,740 
General administrative   20,492    3,893    24,385 
Depreciation and amortization   11,356    106    11,462 
Total adjusted operating expenses  $347,850   $9,961   $357,811 
                
Stock-based compensation            $19,449 
Other expense             5,979 
Loss before income taxes  $(105,530)  $(10,262)  $(141,220)
                
Total Assets  $1,379,311   $76,449   $1,455,760 
                
Total Goodwill  $616,950   $10,682   $627,632 

 

The following tables set forth our financial performance by geographical location:

 

   Total Revenue   Total Assets 
United States   235,636    1,296,463 
Rest of world   6,383    159,297 
Total   242,019    1,455,760