fuboTV Inc.
FUBO Communication Services Broadcasting
fuboTV Inc.’s revenue for fiscal 2024 (year ended December 2024) was $1.6 billion, up 18.6% from fiscal 2023. In the quarter to June 2026, revenue grew 38.0%, EPS grew 11.4%, free cash flow grew 82.0% and total debt rose 96.6%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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fuboTV Inc. (FUBO) Altman Z-score
fuboTV Inc.'s Altman Z-score for fiscal 2024 is −1.72, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | −1.72 | (0.38) |
| FY2023 | −1.33 | 0.43 |
| FY2022 | −1.77 | (2.32) |
| FY2021 | 0.55 | 0.10 |
| FY2020 | 0.45 | 0.34 |
| FY2019 | 0.11 | 265.75 |
| FY2017 | −265.64 | 177.08 |
| FY2016 | −442.73 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.22) | — | −0.27 | |
| Retained earnings / total assets | (1.87) | — | −2.62 | |
| EBIT / total assets | (0.18) | — | −0.60 | |
| Market value of equity / total liabilities | 0.45 | — | 0.27 | |
| Sales / total assets | 1.51 | — | 1.51 | |
| Altman Z-score | Distress zone | −1.72 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −8.59 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| NMAX Newsmax Inc. compare | 1.8× |
| NXST Nexstar Media Group, Inc. compare | 1.7× |
| SBGI Sinclair, Inc. compare | 0.9× |
| GTN.A Gray Media Inc. compare | 0.7× |
| GTN Gray Media Inc. compare | 0.6× |
| SSP E.W. Scripps Company (The) compare | 0.5× |
| IHRT iHeartMedia, Inc. compare | −0.4× |
| CURI CuriosityStream Inc. compare | −1.6× |
| FUBO fuboTV Inc. | −1.7× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets