FUBO fuboTV

---

---

---

---

---

---

---

---

---

---

---

Incorporation

fuboTV Inc. (“Fubo” or the “Company”) was incorporated under the laws of the State of Florida in February 2009 under the name York Entertainment, Inc. The Company changed its name to FaceBank Group, Inc. on September 30, 2019. On August 10, 2020, the Company changed its name to fuboTV Inc. and as of May 1, 2020, the Company’s trading symbol was changed from “FBNK” to “FUBO.” The Company’s common stock was approved for listing on the New York Stock Exchange (“NYSE”) in connection with a public offering in October 2020 and commenced trading on the NYSE on October 8, 2020.

Unless the context otherwise requires, “FuboTV,” “we,” “us,” “our,” and the “Company” refers to the Company and its subsidiaries on a consolidated basis.

Nature of Business

The Company is principally focused on offering consumers a leading live TV streaming platform for sports, news, and entertainment through its streaming platform. The Company’s revenues are almost entirely derived from the sale of subscription services and the sale of advertisements in the United States, though the Company has expanded into several international markets, with operations in Canada, Spain and France.

The Company’s subscription-based streaming services are offered to consumers who can sign-up for accounts through which the Company provides basic plans with the flexibility for consumers to purchase incremental features that include additional content or enhanced functionality (“Attachments”) best suited for them. Besides the website, consumers can also sign-up via some TV-connected devices. The FuboTV platform provides a broad suite of unique features and personalization tools such as multi-channel viewing capabilities, favorites lists and a dynamic recommendation engine, as well as 4K streaming and Cloud DVR offerings.

The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.

The Company had cash and cash equivalents and restricted cash of $299.7 million (excluding discontinued operations), working capital (excluding discontinued operations) of $30.5 million and an accumulated deficit of $1.7 billion as of June 30, 2023. The Company incurred a net loss from continuing operations of $54.2 million and $137.6 million for the three and six months ended June 30, 2023, respectively. Since inception, the Company’s operations have been financed primarily through the sale of equity and debt securities. The Company has incurred losses from operations and negative cash flows from operating activities since inception and expects to incur substantial losses.

As discussed further in Note 12, during the six months ended June 30, 2023, the Company received net proceeds of approximately $116.9 million (after deducting $2.7 million in commissions and expenses) from sales of 81,694,729 shares of its common stock, at a weighted average gross sales price of $1.46 per share pursuant to an at-the-market sales agreement with its sales agents.

The Company believes that its current cash and cash equivalents provide it with the necessary liquidity to continue as a going concern for at least one year from the date of issuance of these financial statements.

---

Principles of Consolidation and Basis of Presentation

The Company’s condensed consolidated financial statements include the accounts of the Company and the accounts of the Company’s wholly-owned subsidiaries and non-wholly owned subsidiaries where the Company has a controlling interest. All intercompany balances and transactions have been eliminated in consolidation.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation of such interim results. Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations only (see Note 4 for information on discontinued operations).

The results for the unaudited condensed consolidated statement of operations and comprehensive loss are not necessarily indicative of results to be expected for the year ending December 31, 2023 or for any future interim period. The condensed consolidated balance sheet as of December 31, 2022 has been derived from the audited financial statements; however, it does not include all of the information and notes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2022 and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission (“SEC”) on February 27, 2023.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates. Those estimates and assumptions include allocating the fair value of purchase consideration to assets acquired and liabilities assumed in business acquisitions, useful lives of property and equipment and intangible assets, recoverability of goodwill and intangible assets, accruals for contingent liabilities, equity instruments issued in share-based payment arrangements, and accounting for income taxes, including the valuation allowance on deferred tax assets.

---

Cash, Cash Equivalents and Restricted Cash

The Company considers all highly liquid investments with remaining maturities at the date of purchase of three months or less to be cash equivalents, including balances held in the Company’s money market account. Restricted cash primarily represents cash on deposit with financial institutions in support of a letter of credit outstanding in favor of the Company’s landlord for office space. The restricted cash balance has been excluded from the cash balance and is classified as restricted cash on the condensed consolidated balance sheets.

The following table provides a reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets that sum to the total of the same on the condensed consolidated statement of cash flows (in thousands):

			June 30, 2023						December 31, 2022
Cash and cash equivalents			$	293,515					$	337,087
Restricted cash			6,141						6,139
Total cash, cash equivalents and restricted cash			$	299,656					$	343,226

Certain Risks and Concentrations

Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of demand deposits and accounts receivable. The Company maintains cash deposits with financial institutions that at times exceed applicable insurance limits.

The majority of the Company’s software and computer systems utilize data processing, storage capabilities and other services provided by Google Cloud Platform and Amazon Web Services, which cannot be easily switched to another cloud service provider. As such, any disruption of the Company’s interference with Google Cloud Platform and Amazon Web Services could adversely impact the Company’s operations and business.

Segment and Reporting Unit Information

Operating segments are defined as components of an entity for which discrete financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is determined to be the CODM. The CODM reviews financial information and makes resource allocation decisions at the consolidated group level. The Company has one operating segment as of June 30, 2023, the streaming business.

Significant Accounting Policies

For a detailed discussion of the Company’s significant accounting policies, see Note 3 to the consolidated financial statements for the year ended December 31, 2022, included in the Company’s Annual Report.

---

Net Loss Per Share

Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period.

The following table presents the calculation of basic and diluted net loss per share (in thousands, except shares and per share data):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Basic loss per share:
Loss from continuing operations			$	(54,209)					$	(94,964)					$	(137,577)					$	(223,327)
Less: net loss attributable to non-controlling interest			10						150						21						243
Loss from continuing operations available to common shareholders			(54,199)						(94,814)						(137,556)						(223,084)
Income (loss) from discontinued operations, net of tax			4,259						(21,310)						4,003						(33,764)
Net loss attributable to common shareholders			$	(49,940)					$	(116,124)					$	(133,553)					$	(256,848)
Shares used in computation:
Weighted-average common shares outstanding			291,720,400						185,103,005						258,646,559						171,316,513
Basic and diluted loss per share from continuing operations			$	(0.19)					$	(0.51)					$	(0.53)					$	(1.30)
Basic and diluted loss per share from discontinued operations			$	0.02					$	(0.12)					$	0.02					$	(0.20)
Basic and diluted loss per share			$	(0.17)					$	(0.63)					$	(0.51)					$	(1.50)

The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:

			June 30,
			2023						2022
Warrants to purchase common stock			166,670						3
Stock options			19,192,053						15,854,229
Unvested restricted stock units			14,210,700						7,158,200
Convertible notes variable settlement feature			6,966,078						6,966,078
Total			40,535,501						29,978,510

Recently Issued Accounting Standards

The Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financial statements properly reflect the change.

---

Dissolution of Fubo Gaming

On October 17, 2022, the Company dissolved its wholly owned subsidiary Fubo Gaming Inc. ("Fubo Gaming"). In connection with the dissolution of Fubo Gaming, the Company concurrently ceased operation of Fubo Sportsbook.

Net loss from Fubo Gaming's discontinued operations consists of the following for the three and six months ended June 30, 2023 and 2022:

			For the Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Revenues
Wagering			$	—					$	(182)					$	—					$	(483)
Total revenues			—						(182)						—						(483)
Operating expenses
Sales and marketing			—						2,630						(59)						6,264
Technology and development			—						2,883						17						5,590
General and administrative			481						4,655						746						10,192
Depreciation and amortization			—						109						—						215
Gain on extinguishment of liabilities			(4,740)						—						(4,740)						—
Impairment of goodwill, intangible assets, and other long-lived assets, net			—						10,682						33						10,682
Total operating expenses			(4,259)						20,959						(4,003)						32,943
Operating income (loss)			4,259						(21,141)						4,003						(33,426)
Other income (expense)
Interest expense and financing costs			—						(169)						—						(338)
Total other expense			—						(169)						—						(338)
Income (loss) from discontinued operations before income taxes			4,259						(21,310)						4,003						(33,764)
Income tax benefit			—						—						—						—
Net income (loss) from discontinued operations			4,259						(21,310)						4,003						(33,764)

---

Disaggregated revenue

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Subscription			$	288,994					$	199,943					$	589,869					$	419,111
Advertising			23,070						22,020						45,791						45,172
Other			671						109						1,449						109
Total revenues			$	312,735					$	222,072					$	637,109					$	464,392

The following tables summarize subscription revenue and advertising revenue by region for the six months ended June 30, 2023 and 2022 (in thousands):

Subscription

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
United States and Canada (North America)			$	281,088					$	194,403					$	574,346					$	408,409
Rest of world			7,906						5,540						15,523						10,702
Total subscription revenues			$	288,994					$	199,943					$	589,869					$	419,111

Advertising

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
United States and Canada (North America)			$	22,820					$	21,717					$	45,335					$	44,487
Rest of world			250						303						456						685
Total advertising revenues			$	23,070					$	22,020					$	45,791					$	45,172

Contract balances

There were no losses recognized related to any receivables arising from the Company’s contracts with customers for the six months ended June 30, 2023 and 2022.

For the three and six months ended June 30, 2023 and 2022, there were no material contract assets recorded on the accompanying condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022.

The Company’s contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of June 30, 2023, and December 31, 2022, the Company’s contract liabilities totaled approximately $60.7 million and $65.4 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.

Property and equipment, net, is comprised of the following (in thousands):

			Useful Life (Years)						June 30, 2023						December 31, 2022
Furniture and fixtures			5						$	523					$	441
Computer equipment			3-5						4,019						2,922
Leasehold improvements			Term of lease						5,199						5,136
									9,741						8,499
Less: Accumulated depreciation									(4,726)						(3,524)
Total property and equipment, net									$	5,015					$	4,975

Depreciation expense totaled approximately $0.4 million and $0.3 million for the three months ended June 30, 2023 and 2022, respectively. Depreciation expense totaled approximately $0.8 million and $0.6 million for the six months ended June 30, 2023 and 2022, respectively.

Intangible Assets

The table below summarizes the Company’s intangible assets at June 30, 2023 and December 31, 2022 (in thousands):

			Useful Life (Years)						Weighted Average Remaining Life (Years)						June 30, 2023
															Intangible Assets						Accumulated Amortization						Net Balance
Customer relationships			2						0.4						$	32,609					$	(30,748)					$	1,861
Trade names			2 - 9						5.6						38,850						(14,311)						24,539
Capitalized Internal Use Software			3						2.4						16,892						(3,172)						13,720
Software and technology			3 - 9						5.6						194,794						(68,507)						126,287
Total															$	283,145					$	(116,738)					$	166,407

			Useful Lives (Years)						Weighted Average Remaining Life (Years)						December 31, 2022
															Intangible Assets						Accumulated Amortization						Net Balance
Customer relationships			2						1.2						$	32,433					$	(28,421)					$	4,012
Trade names			2 - 9						6.2						38,837						(12,018)						26,819
Capitalized Internal Use Software			3						2.4						8,487						(1,757)						6,730
Software and technology			3 - 9						6.1						191,735						(57,464)						134,271
Total															$	271,492					$	(99,660)					$	171,832

---

The intangible assets are being amortized over their respective original useful lives, which range from two to nine years. The Company recorded amortization expense related to the above intangible assets of approximately $8.5 million and $8.1 million for the three months ended June 30, 2023 and 2022, respectively. The Company recorded amortization expense related to the above intangible assets of approximately $16.9 million and $19.2 million for the six months ended June 30, 2023 and 2022, respectively.

The estimated future amortization expense associated with intangible assets, net is as follows (in thousands):

Year ended December 31,			Future Amortization
2023			$	18,189
2024			32,289
2025			30,471
2026			27,993
2027			26,481
Thereafter			30,984
Total			$	166,407

Goodwill

The following table is a summary of the changes to goodwill for the six months ended June 30, 2023 (in thousands):

Balance - December 31, 2022			$	618,506
Foreign currency translation adjustment			2,570
Balance - June 30, 2023			$	621,076

As of June 30, 2023, goodwill includes and accumulated impairment charge of $148.1 million.

Accounts payable, accrued expenses, and other liabilities are presented below (in thousands):

			June 30, 2023						December 31, 2022
Affiliate fees			$	186,570					$	218,367
Broadcasting and transmission			18,167						15,732
Selling and marketing			10,522						26,907
Accrued compensation			10,535						9,838
Legal and professional fees			3,676						3,712
Sales tax			43,656						37,934
Accrued interest			4,687						4,773
Subscriber related			3,780						3,101
Share settled liability			6,530						2,860
Other			7,419						9,708
Total			$	295,542					$	332,932

---

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Income tax benefit			121						355						235						758
Effective tax rate			0.22		%				0.37		%				0.17		%				0.34		%

The Company’s effective tax rates on continuing operations were lower than the U.S. statutory rate of 21% primarily due to a valuation allowance recorded against the Company’s deferred tax assets in these periods.

The Company regularly evaluates the realizability of its deferred tax assets and establishes a valuation allowance if it is more likely than not that some or all the deferred tax assets will not be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, loss carrybacks and tax-planning strategies. Generally, more weight is given to objectively verifiable evidence, such as the cumulative losses in recent years, as a significant piece of negative evidence to overcome. At June 30, 2023 and December 31, 2022, the Company continued to maintain that a portion of its deferred tax assets do not meet the more likely than not realization threshold. Therefore, the Company continued to maintain a valuation allowance against such assets.

Notes payable, long-term borrowing, and convertible notes as of June 30, 2023 and December 31, 2022 consist of the following (in thousands):

Note						Stated Interest Rate						Principal Balance						Capitalized Interest						Debt Discount						June 30, 2023
2026 Convertible Notes						3.25%						$	402,500					$	—					$	(7,138)					$	395,362
Note payable						10.0%						2,700						3,259						—						5,959
Bpi France						2.25%						1,700						—						—						1,700
Other						4.0%						30						8						—						38
												$	406,930					$	3,267					$	(7,138)					$	403,059

Note						Stated Interest Rate						Principal Balance						Capitalized Interest						Debt Discount						December 31, 2022
2026 Convertible Notes						3.25%						$	402,500					$	—					$	(8,406)					$	394,094
Note payable						10.0%						2,700						2,950						—						$	5,650
Bpi France						2.25%						1,986						—						—						$	1,986
Other						4.0%						30						7						—						37
												$	407,216					$	2,957					$	(8,406)					$	401,767

2026 Convertible Notes

On February 2, 2021, the Company issued $402.5 million of convertible notes (“2026 Convertible Notes.”) The 2026 Convertible Notes bear interest from February 2, 2021, at a rate of 3.25% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on August 15, 2021. The 2026 Convertible Notes will mature on February 15, 2026, unless earlier converted, redeemed, or repurchased. The net proceeds from this offering were approximately $389.4 million, after deducting a discount and offering expenses of approximately $13.1 million.

---

The initial equivalent conversion price of the 2026 Convertible Notes was $57.78 per share of the Company’s common stock. Holders may convert their 2026 Convertible Notes on or after November 15, 2025, until the close of business on the second business day preceding the maturity date or prior to November 15, 2025 under certain circumstances including:

(i)during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ended on March 31, 2021, if the last reported sale price of the Company’s common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day;

(ii)during the five-business day period after any five consecutive trading day period in which the trading price for each trading day of such five consecutive trading day period was less than 98% of the product of the last reported sale price of the Company’s common stock and the conversion rate on each such trading day;

(iii)if the Company calls any or all of the 2026 Convertible Notes for redemption, at any time prior to the close of business on the second scheduled trading day immediately preceding the redemption date; or

(iv)upon the occurrence of specified corporate events.

The Company may also redeem all or any portion of the 2026 Convertible Notes after February 20, 2024 if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the 2026 Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Upon conversion, the Company can elect to deliver cash or shares or a combination of cash or shares.

If the Company undergoes a fundamental change (as defined in the Indenture), subject to certain conditions, holders of the 2026 Convertible Notes may require the Company to repurchase for cash all or any portion of their 2026 Convertible Notes at a repurchase price equal to 100% of the principal amount of the 2026 Convertible Notes plus any accrued and unpaid interest. In addition, if a corporate event (as defined in the Indenture) occurs prior to the maturity date or if the Company issues a notice of redemption, the Company may be required increase the conversion rate by a pre-defined amount for any holder who elects to convert their 2026 Convertible Notes in connection with such a corporate event.

Effective January 1, 2022, the Company adopted ASU 2020-06, Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40 and the portion of the debt discount allocated to equity was reclassified to long-term debt. The remaining unamortized debt issuance costs will be amortized as non-cash interest expense through the scheduled maturity of the 2026 Convertible Notes.

During the three and six months ended June 30, 2023, the Company paid approximately $6.5 million and $6.5 million of interest expense, respectively, in connection with the 2026 Convertible Notes and recorded amortization expense of $0.6 million and $1.3 million, respectively, included in amortization of debt discount in the condensed consolidated statements of operations and comprehensive loss. The fair value (Level 2) of the 2026 Convertible Notes was $229.7 million and $183.1 million as of June 30, 2023 and December 31, 2022, respectively.

Note payable

The Company has recognized, through the consolidation of its subsidiary Evolution AI Corporation (“EAI”), a $2.7 million note payable bearing interest at the rate of 10% per annum that was due on October 1, 2018 (“CAM Digital Note”). The cumulative accrued interest on the CAM Digital Note amounts to $3.0 million. The CAM Digital Note is currently in a default condition due to non-payment of principal and interest. On June 6, 2022, Cam Digital, LLC filed a lawsuit against Pulse Evolution Corporation (“Pulse Evolution”), a subsidiary of EAI, seeking payment of principal and interest under the Cam Digital Note from Pulse Evolution. The outstanding balance as of June 30, 2023, including interest and penalties, is $6.0 million and is included in notes payable on the accompanying condensed consolidated balance sheet.

---

Other

The Company assumed, through the consolidation of its subsidiary EAI, a $30,000 note payable due to a relative of the former Chief Executive Officer, John Textor bearing interest at the rate of 4.0% per annum. As of June 30, 2023, the principal balance and accrued interest totaled approximately $38,000 and is included in notes payable on the accompanying condensed consolidated balance sheet.

The Company assumed through the acquisition of Molotov, $3.7 million in notes bearing interest rates of 2.25% per annum. As of June 30, 2023 and December 31, 2022, the Company made principal payments of $0.3 million and $1.7 million, respectively. As of June 30, 2023, the principal balance totaled approximately $1.7 million and is included in long-term borrowings-current portion on the accompanying condensed consolidated balance sheet.

The Company’s assets measured at fair value on a recurring basis consisted of the following as of June 30, 2023, and December 31, 2022 (in thousands):

			Fair value measured at June 30, 2023
			Quoted prices in active markets (Level 1)						Significant other observable inputs (Level 2)						Significant unobservable inputs (Level 3)						Total
Financial assets at fair value:
Cash and cash equivalents
Money market securities			$	249,960					$	—					$	—					$	249,960
Total financial assets at fair value			$	249,960					$	—					$	—					$	249,960

			Fair value measured at December 31, 2022
			Quoted prices in active markets (Level 1)						Significant other observable inputs (Level 2)						Significant unobservable inputs (Level 3)						Total
Financial assets at fair value:
Cash and cash equivalents
Money market securities			$	50,010					$	—					$	—					$	50,010
Total financial assets at fair value			$	50,010					$	—					$	—					$	50,010

There were no liabilities from continuing operations measured at fair value as of June 30, 2023 and December 31, 2022.

---

At-the-Market Sales Agreement

On August 4, 2022, the Company entered into an at-the-market sales agreement (the "Sales Agreement") with Evercore Group L.L.C., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Needham & Company, LLC, as sales agents (each, a “manager” and together, the “managers”) pursuant to which the Company may, from time to time, sell shares of its common stock, having an aggregate offering price of up to $350.0 million through the managers.

Upon delivery of a placement notice and subject to the terms and conditions of the Sales Agreement, the managers may sell the shares by methods deemed to be an “at-the-market” offering as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended. Subject to the terms and conditions of the Sales Agreement, each manager will use commercially reasonable efforts consistent with its normal trading and sales practices to sell the shares from time to time, based upon the Company’s instructions. The Company will pay the managers a commission for their services in acting as agents in the sale of common stock at a commission rate of up to 3% of the gross sales price of the shares of the Company’s common stock sold through them pursuant to the Sales Agreement. The Company is not obligated to, and cannot provide any assurances that it will, make any sales of the shares under the Sales Agreement. The offering of shares of common stock pursuant to the Sales Agreement will terminate upon the earlier of (i) the sale of all common stock subject to the Sales Agreement or (ii) termination of the Sales Agreement in accordance with its terms.

During the six months ended June 30, 2023, the Company received net proceeds of approximately $116.9 million (after deducting $2.7 million in commissions and expenses) from sales of 81,694,729 shares of its common stock, at a weighted average gross sales price of $1.46 per share pursuant to the Sales Agreement. As of June 30, 2023, there was $156.3 million shares of common stock remaining available for sale under the Sales Agreement.

Framework Agreement with MEP FTV

On August 2, 2022 (the "Effective Date"), Fubo Studios Inc. (formerly known as Fubo Entertainment Inc.), a subsidiary of the Company, entered into a binding framework agreement (the “Framework Agreement”) with MEP FTV Holdings, LLC (“MEP FTV”) and Maximum Effort Productions, Inc. (“MEP” and, together with MEP FTV, “Maximum Effort”), memorializing the parties’ collaboration on a forthcoming Maximum Effort linear channel and original programming for launch on Fubo. Maximum Effort is a premiere entertainment production company led by Ryan Reynolds and George Dewey. Pursuant to the Framework Agreement, the Company and Maximum Effort desire to work together to (1) develop scripted and unscripted television programs intended for initial distribution on Fubo’s platform (the “Projects”) and (2) create a new television channel with unique content, features and functionality (the “Network”).

In connection with the Framework Agreement, as consideration for Maximum Effort’s participation in the collaboration, the Company entered into a Restricted Stock Award Agreement dated August 12, 2022 (the “RSA Agreement”) pursuant to which it has agreed to issue to MEP FTV (i) 2,000,000 shares of restricted common stock of the Company within 10 business days after the Effective Date (“First Closing Date”) (“Tranche 1”); (ii) a number of shares of common stock determined by dividing $10.0 million by the 30-day volume weighted average closing price of common stock for the 30 trading days preceding the first anniversary of the Effective Date, within 10 business days after the first anniversary of the Effective Date (“Second Closing Date”) (“Tranche 2”); and (iii) a number of shares of common stock determined by dividing $10.0 million by the 30-day volume weighted average closing price of common stock for the 30 trading days preceding the second anniversary of the Effective Date, within 10 business days after the second anniversary of the Effective Date (“Third Closing Date”) (“Tranche 3”) (collectively, the “Shares”). The Shares will be subject to transfer restrictions until various time- and performance-based milestones are met, and, during this restricted period, will be subject to potential forfeiture if the Framework Agreement is terminated under certain conditions. The parties agree that 80% of the equity grant shall be allocated as consideration for the Projects and 20% of the equity grant shall be allocated as consideration for the Network.

Because shares of the Company’s common stock will be issued as consideration for the Framework Agreement, the Company accounted for the RSA Agreement pursuant to the non-employee guidance in ASC 718, Compensation – Stock Compensation.

---

Warrants

Pursuant to the Framework Agreement, on August 12, 2022, the Company issued MEP FTV a warrant to acquire 166,667 shares of the Company’s common stock with an exercise price of $15.00 per share. The warrant is exercisable on or prior to August 2, 2032, provided that the price per share of the Company’s common stock equals or exceeds a 30-trading day volume weighted average closing price of $30.00 at any time prior to third anniversary of the grant date. The fair value of the warrant was measured on August 12, 2022, using the Monte Carlo valuation model, and the fair value totaled approximately $0.4 million. The derived service period was determined to be 1.7 years.

A summary of the Company’s outstanding warrants as of June 30, 2023, are presented below (in thousands, except number of shares and exercise price):

			Number of Shares						Weighted Average Exercise Price						Total Intrinsic Value						Weighted Average Remaining Contractual Life (Years)
Outstanding as of December 31, 2022			166,670						$	17.40					$	—					9.6
Outstanding as of June 30, 2023			166,670						$	17.40					$	—					9.1

During the three and six months ended June 30, 2023 the Company recognized $0.1 million and $0.1 million of stock-based compensation, respectively, and as of June 30, 2023, the unrecognized stock-based compensation totaled $0.2 million.

Stock-based Compensation

During the three and six months ended June 30, 2023 and 2022 the Company recognized stock-based compensation expense as follows (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Subscriber related			$	57					$	36					$	109					$	76
Sales and marketing			5,990						4,334						12,663						13,068
Technology and development			2,980						2,659						6,022						5,110
General and administrative			4,029						5,835						7,950						12,037
			$	13,056					$	12,864					$	26,744					$	30,291

Equity Incentive Plans

On April 1, 2020, the Company approved the establishment of the Company’s 2020 Equity Incentive Plan, as amended (the “2020 Plan”). On November 20, 2022 and April 20, 2023, the Company amended the 2020 Plan to increase the maximum aggregate number of shares of common stock available for issuance under the 2020 Plan by 2,500,000 shares and 17,500,000 shares, respectively. On June 15, 2023, the Company's shareholders approved the amended 2020 Plan. The 2020 Plan provides for the grant of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares to its employees, directors and consultants.

The Company assumed the fuboTV Inc. 2015 Equity Incentive Plan (the "2015 Plan") on April 1, 2020. No shares are available for future issuance under the 2015 Plan.

---

On August 3, 2022, the Company's board of directors (the "Board") approved the adoption of the 2022 Employment Inducement Equity Incentive Plan (the “2022 Inducement Plan”), which was adopted without shareholder approval pursuant to Rule 303A.08 of the New York Stock Exchange Listed Company Manual. The 2022 Inducement Plan provided for the grant of equity-based awards, including non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares, and its terms are substantially similar to the 2020 Plan, with the exception that awards can only be made to new employees in connection with their commencement of employment. No shares are available for future issuance under the 2022 Inducement Plan.

Options

The Company provides option grants to employees, directors, and consultants under the fuboTV Inc. 2020 Equity Incentive Plan, as amended (the "2020 Plan"). The fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option pricing model. The Company historically has lacked sufficient company-specific historical and implied volatility information. Therefore, it estimates its expected stock volatility based primarily on the historical volatility of a publicly-traded set of peer companies with consideration of the volatility of its own traded stock price. The risk-free interest rate is determined by referencing the U.S. Treasury yield curve in effect at the time of grant of the award for time periods approximately equal to the expected term of the award. Expected dividend yield is based on the fact that the Company has never paid cash dividends and does not expect to pay any cash dividends in the foreseeable future. The expected term of options represents the period that the Company’s stock-based awards are expected to be outstanding based on the simplified method, which is the half-life from vesting to the end of its contractual term. The simplified method was used because the Company does not have sufficient historical exercise data to provide a reasonable basis for an estimate of expected term.

Stock Options

A summary of stock option activity for the six months ended June 30, 2023, is as follows (in thousands, except share and per share amounts):

			Number of Shares						Weighted Average Exercise Price						Total Intrinsic Value						Weighted Average Remaining Contractual Life (Years)
Outstanding as of December 31, 2022			10,243,772						$	6.43					$	1,956					6.0
Granted			636,298						$	2.02
Exercised			(190,488)						$	0.50
Forfeited or expired			(50,826)						$	10.48
Outstanding as of June 30, 2023			10,638,756						$	6.25					$	2,385					5.8
Options vested and exercisable as of June 30, 2023			8,693,067						$	6.13					$	2,347					5.4

During the six months ended June 30, 2023, the Company granted 636,298 options to purchase shares of its common stock to the Company's Chief Executive Officer ("CEO"). The options have a fair value of approximately $0.8 million with an exercise price of $2.02 per share, vest in four equal annual installments, with the first installment vesting on February 20, 2024, and expire on May 8, 2033.

---

There were no options granted during the three and six months ended June 30, 2022.

The following was used in determining the fair value of stock options granted during the three and six months ended June 30, 2023 :

Dividend yield						—%
Expected price volatility						49.8%
Risk free interest rate						3.9%
Expected term (years)						6.0 years

As of June 30, 2023, the estimated value of unrecognized stock-based compensation expense related to unvested options was approximately $6.2 million to be recognized over a period of 1.8 years.

Market and Service Condition Based Stock Options

A summary of activity under the 2020 Plan for market and service-based stock options for the six months ended June 30, 2023 is as follows (in thousands, except share and per share amounts):

			Number of Shares						Weighted Average Exercise Price						Total Intrinsic Value						Weighted Average Remaining Contractual Life (Years)
Outstanding as of December 31, 2022			4,453,297						$	12.75					$	—					4.7
Outstanding as of June 30, 2023			4,453,297						$	12.75					$	—					4.2
Options vested and exercisable as of June 30, 2023			3,994,964						$	11.96					$	—					4.1

There were no market and service-based options granted during the six months ended June 30, 2023 and 2022.

As of June 30, 2023, there was $1.9 million of unrecognized stock-based compensation expense for market and service-based stock options.

Performance-Based Stock Options

On October 8, 2020, the Company awarded the CEO an option which was eligible to vest based upon the achievement of certain predetermined goals for each of the five years in the performance period related to stock price, revenue, gross margin, an increase in the number of subscribers, the launch of new markets and, commencing in 2024, creation of new revenue streams. The terms of the option provided that the Company's Board would review and certify attainment of such goals annually from 2021 through 2026 on a given certification date subsequent to the Company’s calendar year end (the "Certification Date") to determine if any vesting was warranted. The Board had the discretion to determine vesting at, above, or below 20% of the shares subject to the performance option on a given Certification Date. All shares were eligible for vesting until the Certification Date following the 2025 calendar year. Any such vesting was subject to the CEO’s continuation in service with the Company through the applicable Certification Date. Because the number of shares to be earned on each Certification Date was subject to the discretion of the Board, the compensation expense was adjusted each reporting period for changes in fair value prorated for the portion of the requisite service period rendered and based on the number of shares expected to be earned. During the six months ended June 30, 2022, the Board determined that the option would vest with respect to 820,000 shares for the 2021 calendar year.

---

On April 20, 2023, the Company entered into the first amendment to the performance-based stock options described above that were awarded to its CEO. The amendment did not adjust the total number of options granted (4,100,000 options), the exercise price of $10.00 per share or the expiration date of October 7, 2030. Under the terms of the amendment, 3,280,000 performance-based stock options remain unvested, and the original vesting conditions were modified. The modified vesting of the stock options is based upon the achievement of certain performance metrics (the "Performance Criteria") during the period January 1, 2025 through December 31, 2025, including 50% vesting based on the Company's adjusted EBITDA, 25% vesting based on revenue criteria, and 25% based on the number of subscribers achieved. The Company’s Board will certify the Company’s performance relative to the Performance Criteria on or prior to February 20, 2026 (the “Certification Date”). If a change in control event occurs on or prior to December 31, 2025, all of the unvested options (measured at target performance) will vest on February 20, 2026 (or the date of an earlier termination of employment without cause or for good reason (a "Qualifying Termination") following the change in control), provided the CEO continues to provide services through such date. In the event of the CEO’s Qualifying Termination prior to a change in control, if the termination occurs on or prior to December 31, 2025, then all unvested options (measured at target performance) will vest as of the date of termination, and if the termination occurs on or after January 1, 2026, a number of unvested options, determined based on actual performance during the performance period, will vest on date performance is certified. Compensation cost related to the modification of the 3,280,000 unvested options will be recognized over the requisite service period for the new award beginning on the amendment date and ending on the Certification Date based on the probability of achievement of the Performance Criteria. There is no accounting impact on the fully vested 820,000 shares as a result of the amendment. The fair value of the options as of the amendment date totaled $1.2 million, and during the six months ended June 30, 2023, the Company recognized stock-based compensation expense of $0.1 million.

Modification of Options

During the six months ended June 30, 2022, the Board approved the acceleration of vesting and extended the post-termination exercisability of certain employee stock options. The Company reported $1.8 million of expense during the six months ended June 30, 2022 as a result of the accelerated vesting of stock options. Modifications during the six months ended June 30, 2023 were immaterial.

Service-based Restricted Stock Awards

Framework Agreement - Project Restricted Stock Awards

In connection with the Framework Agreement, stock-based compensation cost for Project restricted stock awards (the "Project RSAs") totaling approximately $23.0 million is measured as the fair value of the 1,600,000 shares issued for the first tranche issued on August 12, 2022, $7.0 million, plus the fixed monetary amount of $8.0 million, settleable in shares on August 2, 2023, and the fixed monetary amount of $8.0 million, settleable in shares on August 2, 2024. Compensation cost will be recognized on a straight-line basis over the term of the three-year service period as if the Company paid cash for the services. The second two tranches are liability classified because they are a fixed monetary amount, settleable in shares. As compensation cost is recognized for these tranches, a corresponding credit to share-based liabilities will be recorded and reclassified to equity upon issuance of the related shares.

In connection with the Project RSAs, during the three and six months ended June 30, 2023, the Company recognized stock-based compensation of $1.9 million and $3.8 million, respectively. As of June 30, 2023, the unrecognized stock-based compensation totaled $16.2 million, and $4.7 million of shares liability in accrued expenses and other current liabilities and other long-term liabilities was recorded on the condensed consolidated balance sheet.

Performance-based Restricted Stock Awards

Framework Agreement - Network Restricted Stock Awards

The restricted stock awards allocated as consideration for the Network (“Network RSAs”) are performance-based RSAs. The performance condition consists of creating a new television channel with unique content, features and functionality. Compensation cost is measured on the grant date for shares that vest based upon the achievement of the performance condition are recognized when probable over the requisite service period, that is the implicit service period over which the performance conditions are probable of achievement.

---

Stock-based compensation cost for the Network RSAs totaling approximately $5.7 million is measured as the fair value of the 400,000 shares issued for the first tranche issued on August 12, 2022, $1.7 million, plus the fixed monetary amount of $2.0 million, settleable in shares on August 2, 2023, plus the fixed monetary amount of $2.0 million, settleable in shares on August 2, 2024. The Network RSAs are subject to forfeiture until launch of the Network. The Company determined the that it is probable that the Network will be launched by the end of the two-year service agreement. The Company will recognize the total fair value of $5.7 million ratably over the two-year period. Should the performance condition not be achieved, the Company will reverse any stock-based compensation cost recognized for the Network RSAs.

In connection with the Network RSAs, during the three and six months ended June 30, 2023 the Company recognized stock-based compensation of $0.7 million and $1.4 million, respectively. As of June 30, 2023, the unrecognized stock-based compensation totaled $3.2 million, and $1.8 million of shares liability in accrued expenses and other current liabilities and other long-term liabilities was recorded on the condensed consolidated balance sheet.

Time-Based Restricted Stock Units

A summary of the Company’s time-based restricted stock unit activity during the six months ended June 30, 2023 is as follows:

			Number of Shares						Weighted Average Grant-Date Fair Value
Unvested at December 31, 2022			13,055,629						$	5.25
Granted			3,173,553						$	2.19
Vested			(791,181)						$	8.15
Forfeited or expired			(2,710,747)						$	3.57
Unvested at June 30, 2023			12,727,254						$	4.66

During the six months ended June 30, 2023, the Company granted 3,173,553 time-based restricted stock units which generally vest annually over a four-year period, subject to the recipient’s continuation in service through each applicable vesting date. The fair value of restricted stock units is measured based on their fair value at grant date which totaled approximately $7.0 million. As of June 30, 2023, the unrecognized stock-based compensation related to restricted stock units totaled $51.1 million, had an aggregate intrinsic value of approximately $26.5 million, and a weighted average remaining contractual term of 3.0 years.

---

Performance-Based Restricted Stock Units

A summary of the Company’s performance-based restricted stock unit activity during the six months ended June 30, 2023 is as follows:

			Number of Shares						Weighted Average Grant-Date  Fair Value
Unvested at December 31, 2022			1,520,000						$	33.87
Granted			243,446						$	2.20
Vested			(186,667)						$	33.87
Forfeited			(93,333)						$	33.87
Unvested at June 30, 2023			1,483,446						$	28.67

On November 3, 2021, the Company granted 1.9 million performance-based restricted stock units (“PRSUs”) to the Chief Operating Officer ("COO") of the Company. The PRSUs will vest over a period of 5-calendar years through 2025, subject to the achievement of certain established performance metrics including revenue targets, subscriber targets, and the launching of new markets (and, with respect to 2023, the creation of one or more new revenue streams). The determination of the actual number of PRSUs that will vest each year during the five-year performance period will be determined upon the achievement of the predetermined performance targets. Any such vesting is subject to the COO’s continuation in service with the Company through the applicable vesting date. At each reporting period, the Company will make a determination of the most likely outcome for achievement of each performance metric. This may result in a cumulative catch-up as the Company assessments are evaluated. The fair value of the PRSUs is measured based on their grant date fair value which totaled $64.4 million.

On May 9, 2023, the Company entered into a PRSU agreement with the Company's CEO. The PRSU agreement provides the right to earn shares of the Company's common stock upon achievement of certain performance criteria, with 730,338 shares being earned at target performance and up to 1,095,507 shares being earned at maximum performance. The number of PRSUs eligible to vest will be determined based upon the achievement of annual performance-based vesting conditions for the 2023, 2024, and 2025 calendar years. The Company accounts for the PRSUs as three separate awards each with a requisite service period beginning on January 1st of the applicable year. For year one, the Company has defined the performance targets including adjusted EBITDA, revenue, and the number of subscribers, and determined the grant date is June 15, 2023. The Company's Board will define the performance criteria for years two and three no later than March 15, 2024 and 2025, respectively (the grant date). Any PRSUs that are eligible to vest based on performance relative to the pre-determined annual performance objectives will vest on the date on which the Company’s performance for the 2025 performance year is certified, which will occur on or before February 20, 2026. Any such vesting is subject to the employee’s continuation in service with the Company through the applicable vesting date. The Company's Board will review attainment of such performance conditions annually from 2024 through 2026 on a given certification date (subsequent to the Company’s calendar year end) to determine if any PRSUs should be eligible to vest. The PRSUs contain both service and performance vesting conditions. Compensation cost related to the target PRSUs will be recognized over the requisite service period based on the probability of achievement of certain performance thresholds. The fair value of the PRSUs is measured based on their grant date fair value which totaled $0.5 million for the year one tranche.

During the six months ended June 30, 2023, the Company issued 186,667 shares of its common stock in connection with the vesting of PRSUs. During the three and six months ended June 30, 2023 the Company recognized stock-based compensation of $2.5 million and $5.7 million, respectively. During the three and six months ended June 30, 2022 the Company recognized stock-based compensation of $3.3 million and $11.0 million, respectively. As of June 30, 2023 , the unrecognized stock-based compensation related to PRSUs totaled $35.8 million.

---

Leases

The components of lease expense were as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Operating leases
Operating lease cost			$	1,537					$	1,432					$	2,969					$	2,866
Other lease cost			103						95						158						145
Operating lease expense			1,640						1,527						3,127						3,011
Short-term lease rent expense			66						57						132						103
Total rent expense			$	1,706					$	1,584					$	3,259					$	3,114

Supplemental cash flow information related to leases were as follows (in thousands, except term and discount rate):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Operating cash flows from operating leases			$	1,486					$	443					$	2,233					$	542
Right of use assets exchanged for operating lease liabilities			$	3,062					$	—					$	3,062					$	4,312
Weighted average remaining lease term - operating leases			10.5						11.2						10.5						11.2
Weighted average remaining discount rate - operating leases			7.9		%				7.3		%				7.9		%				7.3		%

As of June 30, 2023, future minimum payments for the operating leases are as follows (in thousands):

Six Months Ended December 31, 2023			$	3,440
Year Ended December 31, 2024			7,401
Year Ended December 31, 2025			7,113
Year Ended December 31, 2026			6,011
Year Ended December 31, 2027			4,831
Thereafter			36,141
Total			64,937
Less present value discount			(21,439)
Operating lease liabilities			$	43,498

---

Other Contractual Obligations

The Company is a party to several non-cancelable contracts with vendors and licensors for marketing and other strategic partnership related agreements where the Company is obligated to make future minimum payments under the non-cancelable terms of these contracts as follows (in thousands):

Annual Sponsorship Agreements

2023			$	1,600
2024			3,225
2025			3,275
2026			3,325
2027			3,425
Thereafter			16,250
Total			$	31,100

Sports Rights Agreements

The Company entered into various sports right agreements to obtain programming rights to certain live sporting events.

Future payments under these agreements are as follows:

2023			$	24,362
2024			26,065
2025			13,748
2026			13,748
2027			13,748
Thereafter			4,583
Total			$	96,254

During the six months ended June 30, 2023, the Company made upfront payments totaling approximately $16.1 million, which are recorded in prepaid sports rights on the condensed consolidated balance sheet.

Contingencies

The Company is subject to certain legal proceedings and claims that arise from time to time in the ordinary course of its business, including relating to business practices and patent infringement. Litigation can be expensive and disruptive to normal business operations. Moreover, the results of complex legal proceedings are difficult to predict and the Company’s view of these matters may change in the future as the litigation and events related thereto unfold. When the Company determines that a loss is both probable and reasonably estimable, a liability is recorded and disclosed if the amount is material to the financial statements taken as a whole. When a material loss contingency is only reasonably possible, the Company does not record a liability, but instead discloses the nature and the amount of the claim, and an estimate of the loss or range of loss, if such an estimate can reasonably be made. Legal expenses associated with any contingency are expensed as incurred.

The Company is engaged in discussions with certain third parties regarding patent licensing matters. The Company is not able to reasonably estimate whether it will be able to reach an agreement with these parties or the amount of potential licensing fees, if any, it may agree to pay in connection with these discussions, but it is possible that any such amount could be material.

---

Legal Proceedings

The Company is and may in the future be involved in various legal proceedings arising from the normal course of business activities. Although the results of litigation and claims cannot be predicted with certainty, currently, the Company believes that the likelihood of any material adverse impact on the Company’s consolidated results of operations, cash flows or our financial position for any such litigation or claims is remote. Regardless of the outcome, litigation can have an adverse impact on the Company because of the costs to defend lawsuits, diversion of management resources and other factors.

Said-Ibrahim v. fuboTV Inc., David Gandler , Edgar M. Bronfman Jr., & Simone Nardi , Case No. 21-cv-01412 (S.D.N.Y) & Lee v. fuboTV, Inc., David Gandler, Edgar M. Bronfman Jr., & Simone Nardi, Case No. 21-cv-01641 (S.D.N.Y.) (consolidated as In re fuboTV Inc. Securities Litigation, No. 21-cv-01412 (S.D.N.Y.))

On February 17, 2021, putative shareholders Wafa Said-Ibrahim and Adhid Ibrahim filed a class action lawsuit against the Company, co-founder and CEO David Gandler, Executive Chairman Edgar M. Bronfman Jr., and CFO Simone Nardi (collectively, the “Class Action Defendants”). Plaintiffs allege that Class Action Defendants violated federal securities laws by disseminating false and misleading statements regarding the Company’s financial health and operating condition, including the Company’s ability to grow subscription levels, prospects, future profitability, seasonality factors, cost escalations, ability to generate advertising revenue, valuation, and entering the online sports wagering market. The Plaintiffs allege that Class Action Defendants violated Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder, as well as Section 20(a) of the Exchange Act, and seek damages and other relief.

On February 24, 2021, putative shareholder Steven Lee filed a nearly identical class action lawsuit against the same Defendants.

On April 29, 2021, the court consolidated Said-Ibrahim v. fuboTV Inc., David Gandler, Edgar M. Bronfman Jr., & Simone Nardi, Case No. 21-cv-01412 (S.D.N.Y) and Lee v. fuboTV, Inc., David Gandler, Edgar M. Bronfman Jr., & Simone Nardi, Case No. 21-cv-01641 (S.D.N.Y.) under In re FuboTV Inc. Securities Litigation, No. 1:21-cv-01412 (S.D.N.Y.). The court also appointed putative shareholder Nordine Aamchoune as lead plaintiff.

On July 12, 2021, Lead Plaintiff filed an Amended Class Action Complaint. Lead Plaintiff seeks to pursue this claim on behalf of himself as well as all other persons who purchased or otherwise acquired Company securities publicly traded on the NYSE between March 23, 2020 and January 4, 2021, inclusive, and who were allegedly damaged thereby.

The Class Action Defendants filed a motion to dismiss the Amended Class Action Complaint on September 10, 2021. Lead Plaintiff filed an opposition on November 9, 2021. Class Action Defendants’ filed their reply in support of the motion to dismiss on December 9, 2021. On March 30, 2023, the Court granted the Class Action Defendant's motion to dismiss without prejudice.

On May 22, 2023, Lead Plaintiff filed a Second Amended Class Action Complaint, which amended the class period to purchases or acquisitions between May 20, 2020 and January 4, 2021, inclusive. The Class Action Defendants filed their motion to dismiss the Second Amended Class Action Complaint on August 1, 2023. Lead Plaintiff’s opposition is due to be filed by September 14, 2023. The Class Action Defendants’ reply is due to be filed by October 5, 2023. The Company believes the claims alleged in both lawsuits are without merit and intends to vigorously defend these litigations.

---

Fubo Gaming Dissolution

Following the dissolution of Fubo Gaming in October 2022, the Company has received communications from several commercial partners of Fubo Gaming, alleging breach by Fubo Gaming of applicable agreements. Certain of these parties have also asserted that the Company is a guarantor of Fubo Gaming’s obligations under the applicable agreements. On May 2, 2023, one such party (comprising two related plaintiff entities, Dynamo Stadium, LLC and Dynamo Soccer, LLC (together, “Dynamo”)) filed Demands for Arbitration with the American Arbitration Association against Fubo Gaming, alleging breaches by Fubo Gaming of a sports betting agreement and a sponsorship agreement, as well as against the Company for alleged guaranty obligations under the sports betting agreement. Dynamo is seeking monetary damages and costs. The arbitration is currently pending and discussions with Dynamo regarding the arbitration are ongoing.

Additional allegations or litigation may arise against Fubo Gaming or the Company in the future related to the dissolution of Fubo Gaming, including potential breach of contract claims by other commercial partners of Fubo Gaming or claims related to guarantees by the Company of Fubo Gaming’s contractual obligations. At this time, the Company cannot predict the outcome, or provide a reasonable estimate or range of estimates of the possible outcome or loss, if any, with respect to any such matters, including the Dynamo matter. The Company believes it has meritorious defenses and intends to defend itself vigorously in any such matters.

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

---

v3.23.2

Cover - shares	6 Months Ended
	Jun. 30, 2023	Jul. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-39590
Entity Registrant Name	fuboTV Inc. /FL
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	26-4330545
Entity Address, Address Line One	1290 Avenue of the Americas
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10104
City Area Code	212
Local Phone Number	672-0055
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	FUBO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		292,584,450
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001484769
Amendment Flag	false

v3.23.2

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 293,515,000	$ 337,087,000
Accounts receivable, net	48,885,000	43,996,000
Prepaid sports rights	36,900,000	37,668,000
Prepaid and other current assets	15,632,000	13,508,000
Assets of discontinued operations	2,151,000	4,643,000
Total current assets	397,083,000	436,902,000
Property and equipment, net	5,015,000	4,975,000
Restricted cash	6,141,000	6,139,000
Intangible assets, net	166,407,000	171,832,000
Goodwill	621,076,000	618,506,000
Right-of-use assets	37,592,000	35,888,000
Other non-current assets	6,936,000	3,532,000
Total assets	1,240,250,000	1,277,774,000
Current liabilities
Accounts payable	49,247,000	66,952,000
Accrued expenses and other current liabilities	242,894,000	264,415,000
Notes payable	5,997,000	5,687,000
Deferred revenue	60,746,000	65,370,000
Long-term borrowings - current portion	1,700,000	1,986,000
Current portion of lease liabilities	3,887,000	1,763,000
Liabilities of discontinued operations	26,761,000	32,581,000
Total current liabilities	391,232,000	438,754,000
Convertible notes, net of discount	395,362,000	394,094,000
Deferred income taxes	530,000	765,000
Lease liabilities	39,611,000	39,266,000
Other long-term liabilities	3,401,000	1,565,000
Total liabilities	830,136,000	874,444,000
COMMITMENTS AND CONTINGENCIES (Note 13)
Redeemable non-controlling interest	0	1,648,000
Shareholders’ equity:
Common stock par value $0.0001: 400,000,000 shares authorized; 292,559,125 and 209,684,548 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively	29,000	21,000
Additional paid-in capital	2,110,746,000	1,972,006,000
Accumulated deficit	(1,691,641,000)	(1,558,088,000)
Non-controlling interest	(11,309,000)	(11,662,000)
Accumulated other comprehensive income (loss)	2,289,000	(595,000)
Total shareholders’ equity	410,114,000	401,682,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY AND TEMPORARY EQUITY	$ 1,240,250,000	$ 1,277,774,000

v3.23.2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par or stated value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares, issued (in shares)	292,559,125	209,684,548
Common stock, shares, outstanding (in shares)	292,559,125	209,684,548

v3.23.2

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues
Total revenues	$ 312,735	$ 222,072	$ 637,109	$ 464,392
Operating expenses
Subscriber related expenses	270,953	218,900	572,331	464,561
Broadcasting and transmission	18,327	17,157	38,091	37,454
Sales and marketing	33,819	28,159	76,765	70,711
Technology and development	17,778	18,040	36,005	36,758
General and administrative	15,460	22,790	30,137	49,482
Depreciation and amortization	8,913	8,410	17,755	19,766
Total operating expenses	365,250	313,456	771,084	678,732
Operating loss	(52,515)	(91,384)	(133,975)	(214,340)
Other income (expense)
Interest expense, net of interest income	(457)	(3,511)	(1,712)	(7,112)
Amortization of debt discount	(645)	(619)	(1,268)	(1,219)
Change in fair value of warrant liabilities	0	0	0	(1,701)
Other income (expense)	(713)	195	(857)	287
Total other income (expense)	(1,815)	(3,935)	(3,837)	(9,745)
Loss from continuing operations before income taxes	(54,330)	(95,319)	(137,812)	(224,085)
Income tax benefit	121	355	235	758
Net loss from continuing operations	(54,209)	(94,964)	(137,577)	(223,327)
Discontinued operations
Income (loss) from discontinued operations before income taxes	4,259	(21,310)	4,003	(33,764)
Income tax benefit	0	0	0	0
Net income (loss) from discontinued operations	4,259	(21,310)	4,003	(33,764)
Loss from continuing operations	(49,950)	(116,274)	(133,574)	(257,091)
Less: Net loss attributable to non-controlling interest	10	150	21	243
Net loss attributable to common shareholders	(49,940)	(116,124)	(133,553)	(256,848)
Other comprehensive income (loss)
Foreign currency translation adjustment	(137)	(844)	(2,893)	(3,059)
Comprehensive loss attributable to common shareholders	$ (50,077)	$ (116,968)	$ (136,446)	$ (259,907)
Net loss per share attributable to common shareholders
Basic loss per share from continuing operations (in dollars per share)	$ (0.19)	$ (0.51)	$ (0.53)	$ (1.30)
Diluted loss per share from continuing operations (in dollars per share)	(0.19)	(0.51)	(0.53)	(1.30)
Basic loss per share from discontinued operations (in dollars per share)	0.02	(0.12)	0.02	(0.20)
Diluted loss per share from discontinued operations (in dollars per share)	0.02	(0.12)	0.02	(0.20)
Basic loss per share (in usd per share)	(0.17)	(0.63)	(0.51)	(1.50)
Diluted loss per share (in usd per share)	$ (0.17)	$ (0.63)	$ (0.51)	$ (1.50)
Weighted average shares outstanding:
Basic (in shares)	291,720,400	185,103,005	258,646,559	171,316,513
Diluted (in shares)	291,720,400	185,103,005	258,646,559	171,316,513
Subscription
Revenues
Total revenues	$ 288,994	$ 199,943	$ 589,869	$ 419,111
Advertising
Revenues
Total revenues	23,070	22,020	45,791	45,172
Other
Revenues
Total revenues	$ 671	$ 109	$ 1,449	$ 109

v3.23.2

Condensed Consolidated Statements of Changes in Shareholders’ Equity (Unaudited) - USD ($)	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-In Capital	Additional Paid-In Capital Cumulative Effect, Period of Adoption, Adjustment	Accumulated Deficit	Accumulated Deficit Cumulative Effect, Period of Adoption, Adjustment	Non-controlling Interest	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2021			153,950,895
Beginning balance at Dec. 31, 2021	$ 670,881,000	$ (75,264,000)	$ 16,000	$ 1,691,206,000	$ (87,946,000)	$ (1,009,293,000)	$ 12,682,000	$ (11,220,000)	$ 172,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of offering costs (in shares)			27,443,580
Issuance of common stock, net of offering costs	203,796,000		$ 2,000	203,794,000
Exercise of common stock warrants (in shares)			540,541
Exercise of warrants	10,249,000			10,249,000
Exercise of stock options (in shares)			349,847
Exercise of stock options	443,000			443,000
Delivery of common stock underlying restricted stock units (in shares)			392,326
Stock-based compensation	19,449,000			19,449,000
Foreign currency translation adjustment	(2,215,000)								(2,215,000)
Net loss attributable to non-controlling interest	(93,000)							(93,000)
Net loss attributable to common shareholders	(140,724,000)					(140,724,000)
Ending balance at Mar. 31, 2022	$ 686,522,000		$ 18,000	1,837,195,000		(1,137,335,000)		(11,313,000)	(2,043,000)
Ending balance (in shares) at Mar. 31, 2022			182,677,189
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting standards update	Accounting Standards Update 2020-06 [Member]
Beginning balance (in shares) at Dec. 31, 2021			153,950,895
Beginning balance at Dec. 31, 2021	$ 670,881,000	$ (75,264,000)	$ 16,000	1,691,206,000	$ (87,946,000)	(1,009,293,000)	$ 12,682,000	(11,220,000)	172,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss attributable to non-controlling interest	(243,000)
Net loss attributable to common shareholders	(256,848,000)
Ending balance at Jun. 30, 2022	600,134,000		$ 19,000	1,867,924,000		(1,253,459,000)		(11,463,000)	(2,887,000)
Ending balance (in shares) at Jun. 30, 2022			185,293,067
Beginning balance (in shares) at Mar. 31, 2022			182,677,189
Beginning balance at Mar. 31, 2022	686,522,000		$ 18,000	1,837,195,000		(1,137,335,000)		(11,313,000)	(2,043,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of offering costs (in shares)			2,400,000
Issuance of common stock, net of offering costs	16,392,000		$ 1,000	16,391,000
Exercise of stock options (in shares)			80,275
Exercise of stock options	129,000			129,000
Delivery of common stock underlying restricted stock units (in shares)			135,603
Stock-based compensation	14,209,000			14,209,000
Foreign currency translation adjustment	(844,000)								(844,000)
Net loss attributable to non-controlling interest	(150,000)							(150,000)
Net loss attributable to common shareholders	(116,124,000)					(116,124,000)
Ending balance at Jun. 30, 2022	$ 600,134,000		$ 19,000	1,867,924,000		(1,253,459,000)		(11,463,000)	(2,887,000)
Ending balance (in shares) at Jun. 30, 2022			185,293,067
Beginning balance (in shares) at Dec. 31, 2022	209,684,548		209,684,548
Beginning balance at Dec. 31, 2022	$ 401,682,000		$ 21,000	1,972,006,000		(1,558,088,000)		(11,662,000)	(595,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of offering costs (in shares)			71,444,729
Issuance of common stock, net of offering costs	106,057,000		$ 7,000	106,050,000
Exercise of stock options (in shares)			28,663
Exercise of stock options	46,000			46,000
Cancellation of escrow shares in connection with Edisn acquisition (in shares)			(12,595)
Cancellation of escrow shares in connection with Edisn acquisition	(344,000)			(344,000)
Delivery of common stock underlying restricted stock units (in shares)			454,462
Stock-based compensation	11,738,000			11,738,000
Molotov non-controlling interest	(499,000)			(864,000)				374,000	(9,000)
Foreign currency translation adjustment	2,756,000								2,756,000
Net loss attributable to non-controlling interest	(11,000)							(11,000)
Net loss attributable to common shareholders	(83,613,000)					(83,613,000)
Ending balance at Mar. 31, 2023	$ 437,812,000		$ 28,000	2,088,632,000		(1,641,701,000)		(11,299,000)	2,152,000
Ending balance (in shares) at Mar. 31, 2023			281,599,807
Beginning balance (in shares) at Dec. 31, 2022	209,684,548		209,684,548
Beginning balance at Dec. 31, 2022	$ 401,682,000		$ 21,000	1,972,006,000		(1,558,088,000)		(11,662,000)	(595,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)	190,488
Net loss attributable to non-controlling interest	$ (21,000)
Net loss attributable to common shareholders	(133,553,000)
Ending balance at Jun. 30, 2023	$ 410,114,000		$ 29,000	2,110,746,000		(1,691,641,000)		(11,309,000)	2,289,000
Ending balance (in shares) at Jun. 30, 2023	292,559,125		292,559,125
Beginning balance (in shares) at Mar. 31, 2023			281,599,807
Beginning balance at Mar. 31, 2023	$ 437,812,000		$ 28,000	2,088,632,000		(1,641,701,000)		(11,299,000)	2,152,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock, net of offering costs (in shares)			10,250,000
Issuance of common stock, net of offering costs	10,855,000		$ 1,000	10,854,000
Exercise of stock options (in shares)			161,825
Exercise of stock options	49,000			49,000
Delivery of common stock underlying restricted stock units (in shares)			547,493
Delivery of common stock underlying restricted stock units	0			0
Stock-based compensation	11,211,000			11,211,000
Foreign currency translation adjustment	137,000								137,000
Net loss attributable to non-controlling interest	(10,000)							(10,000)
Net loss attributable to common shareholders	(49,940,000)					(49,940,000)
Ending balance at Jun. 30, 2023	$ 410,114,000		$ 29,000	$ 2,110,746,000		$ (1,691,641,000)		$ (11,309,000)	$ 2,289,000
Ending balance (in shares) at Jun. 30, 2023	292,559,125		292,559,125

v3.23.2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Loss from continuing operations	$ (133,574)	$ (257,091)
Less: Income (Loss) from discontinued operations, net of tax	4,003	(33,764)
Net loss from continuing operations	(137,577)	(223,327)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	17,755	19,766
Stock-based compensation	26,744	30,291
Amortization of debt discount	1,268	1,219
Deferred income tax benefit	(235)	(758)
Change in fair value of warrant liabilities	0	1,701
Amortization of right-of-use assets	1,359	1,721
Other adjustments	319	653
Changes in operating assets and liabilities of business, net of acquisitions:
Accounts receivable, net	(4,828)	2,465
Prepaid expenses and other assets	(5,169)	13,669
Prepaid sports rights	1,127	(38,687)
Accounts payable	(20,716)	(3,284)
Accrued expenses and other liabilities	(22,845)	(6,700)
Deferred revenue	(4,659)	(1,962)
Lease liabilities	(610)	604
Net cash used in operating activities - continuing operations	(148,067)	(202,629)
Net cash used in operating activities - discontinued operations	(1,232)	(14,369)
Net cash used in operating activities	(149,299)	(216,998)
Cash flows from investing activities
Purchase of short-term investments	0	(100,000)
Purchases of property and equipment	(267)	(962)
Capitalization of Internal Use Software	(8,404)	(1,949)
Net cash used in investing activities - continuing operations	(8,671)	(102,911)
Net cash used in investing activities - discontinued operations	0	(4,255)
Net cash used in investing activities	(8,671)	(107,166)
Cash flows from financing activities
Proceeds from the issuance of common stock, net of offering costs	116,903	220,188
Redemption of non-controlling interest	(2,147)	0
Vested restricted stock units settled for cash	(125)	0
Proceeds from exercise of stock options	95	572
Proceeds from the exercise of warrants	0	5,000
Repayments of notes payable and long-term borrowings	(326)	(1,359)
Net cash provided by financing activities - continuing operations	114,400	224,401
Net cash provided by financing activities - discontinued operations	0	0
Net cash provided by financing activities	114,400	224,401
Net decrease in cash, cash equivalents and restricted cash	(43,570)	(99,763)
Cash, cash equivalents and restricted cash at beginning of period	343,226	376,080
Cash, cash equivalents and restricted cash at end of period	299,656	276,317
Supplemental disclosure of cash flows information:
Interest paid	6,579	6,639
Income taxes paid	6	0
Non-cash financing and investing activities:
Shares settled liability	3,670	0
Reclassification of the equity components of the 2026 Convertible Notes to liability upon adoption of ASU 2020-06	0	75,264
Cashless exercise of warrants	0	5,249
Accrued expenses - Issuance of common stock	$ 9	$ 0

v3.23.2

Organization and Nature of Business	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Organization and Nature of Business	Organization and Nature of Business Incorporation fuboTV Inc. (“Fubo” or the “Company”) was incorporated under the laws of the State of Florida in February 2009 under the name York Entertainment, Inc. The Company changed its name to FaceBank Group, Inc. on September 30, 2019. On August 10, 2020, the Company changed its name to fuboTV Inc. and as of May 1, 2020, the Company’s trading symbol was changed from “FBNK” to “FUBO.” The Company’s common stock was approved for listing on the New York Stock Exchange (“NYSE”) in connection with a public offering in October 2020 and commenced trading on the NYSE on October 8, 2020. Unless the context otherwise requires, “FuboTV,” “we,” “us,” “our,” and the “Company” refers to the Company and its subsidiaries on a consolidated basis. Nature of Business The Company is principally focused on offering consumers a leading live TV streaming platform for sports, news, and entertainment through its streaming platform. The Company’s revenues are almost entirely derived from the sale of subscription services and the sale of advertisements in the United States, though the Company has expanded into several international markets, with operations in Canada, Spain and France. The Company’s subscription-based streaming services are offered to consumers who can sign-up for accounts through which the Company provides basic plans with the flexibility for consumers to purchase incremental features that include additional content or enhanced functionality (“Attachments”) best suited for them. Besides the website, consumers can also sign-up via some TV-connected devices. The FuboTV platform provides a broad suite of unique features and personalization tools such as multi-channel viewing capabilities, favorites lists and a dynamic recommendation engine, as well as 4K streaming and Cloud DVR offerings.

v3.23.2

Liquidity, Going Concern and Management Plans	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity, Going Concern and Management Plans	Liquidity, Going Concern and Management Plans The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. The Company had cash and cash equivalents and restricted cash of $299.7 million (excluding discontinued operations), working capital (excluding discontinued operations) of $30.5 million and an accumulated deficit of $1.7 billion as of June 30, 2023. The Company incurred a net loss from continuing operations of $54.2 million and $137.6 million for the three and six months ended June 30, 2023, respectively. Since inception, the Company’s operations have been financed primarily through the sale of equity and debt securities. The Company has incurred losses from operations and negative cash flows from operating activities since inception and expects to incur substantial losses. As discussed further in Note 12, during the six months ended June 30, 2023, the Company received net proceeds of approximately $116.9 million (after deducting $2.7 million in commissions and expenses) from sales of 81,694,729 shares of its common stock, at a weighted average gross sales price of $1.46 per share pursuant to an at-the-market sales agreement with its sales agents. The Company believes that its current cash and cash equivalents provide it with the necessary liquidity to continue as a going concern for at least one year from the date of issuance of these financial statements. In addition to the foregoing, the Company cannot predict the potential impact on its development timelines, revenue levels and its liquidity due to macroeconomic factors, including inflationary cost pressures and potential recession indicators, which depend on factors beyond the Company's knowledge or control. Based upon the Company’s current assessment, it does not expect the impact of macroeconomic factors to materially impact the Company’s operations. However, the Company is continuing to assess the impact that macroeconomic factors may have on its operations, financial condition and liquidity.

v3.23.2

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The Company’s condensed consolidated financial statements include the accounts of the Company and the accounts of the Company’s wholly-owned subsidiaries and non-wholly owned subsidiaries where the Company has a controlling interest. All intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation of such interim results. Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations only (see Note 4 for information on discontinued operations). The results for the unaudited condensed consolidated statement of operations and comprehensive loss are not necessarily indicative of results to be expected for the year ending December 31, 2023 or for any future interim period. The condensed consolidated balance sheet as of December 31, 2022 has been derived from the audited financial statements; however, it does not include all of the information and notes required by U.S. GAAP for complete financial statements. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2022 and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Securities and Exchange Commission (“SEC”) on February 27, 2023. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates. Those estimates and assumptions include allocating the fair value of purchase consideration to assets acquired and liabilities assumed in business acquisitions, useful lives of property and equipment and intangible assets, recoverability of goodwill and intangible assets, accruals for contingent liabilities, equity instruments issued in share-based payment arrangements, and accounting for income taxes, including the valuation allowance on deferred tax assets. Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with remaining maturities at the date of purchase of three months or less to be cash equivalents, including balances held in the Company’s money market account. Restricted cash primarily represents cash on deposit with financial institutions in support of a letter of credit outstanding in favor of the Company’s landlord for office space. The restricted cash balance has been excluded from the cash balance and is classified as restricted cash on the condensed consolidated balance sheets. The following table provides a reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets that sum to the total of the same on the condensed consolidated statement of cash flows (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents $ 293,515  $ 337,087  Restricted cash 6,141  6,139  Total cash, cash equivalents and restricted cash $ 299,656  $ 343,226  Certain Risks and Concentrations Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of demand deposits and accounts receivable. The Company maintains cash deposits with financial institutions that at times exceed applicable insurance limits. The majority of the Company’s software and computer systems utilize data processing, storage capabilities and other services provided by Google Cloud Platform and Amazon Web Services, which cannot be easily switched to another cloud service provider. As such, any disruption of the Company’s interference with Google Cloud Platform and Amazon Web Services could adversely impact the Company’s operations and business. Segment and Reporting Unit Information Operating segments are defined as components of an entity for which discrete financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is determined to be the CODM. The CODM reviews financial information and makes resource allocation decisions at the consolidated group level. The Company has one operating segment as of June 30, 2023, the streaming business. Significant Accounting Policies For a detailed discussion of the Company’s significant accounting policies, see Note 3 to the consolidated financial statements for the year ended December 31, 2022, included in the Company’s Annual Report. Net Loss Per Share Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. The following table presents the calculation of basic and diluted net loss per share (in thousands, except shares and per share data): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Basic loss per share: Loss from continuing operations $ (54,209) $ (94,964) $ (137,577) $ (223,327) Less: net loss attributable to non-controlling interest 10  150  21  243  Loss from continuing operations available to common shareholders (54,199) (94,814) (137,556) (223,084) Income (loss) from discontinued operations, net of tax 4,259  (21,310) 4,003  (33,764) Net loss attributable to common shareholders $ (49,940) $ (116,124) $ (133,553) $ (256,848) Shares used in computation: Weighted-average common shares outstanding 291,720,400  185,103,005  258,646,559  171,316,513  Basic and diluted loss per share from continuing operations $ (0.19) $ (0.51) $ (0.53) $ (1.30) Basic and diluted loss per share from discontinued operations $ 0.02  $ (0.12) $ 0.02  $ (0.20) Basic and diluted loss per share $ (0.17) $ (0.63) $ (0.51) $ (1.50) The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive: June 30, 2023 2022 Warrants to purchase common stock 166,670  3  Stock options 19,192,053  15,854,229  Unvested restricted stock units 14,210,700  7,158,200  Convertible notes variable settlement feature 6,966,078  6,966,078  Total 40,535,501  29,978,510  Recently Issued Accounting Standards The Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financial statements properly reflect the change.

v3.23.2

Discontinued Operations	6 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations Dissolution of Fubo Gaming On October 17, 2022, the Company dissolved its wholly owned subsidiary Fubo Gaming Inc. ("Fubo Gaming"). In connection with the dissolution of Fubo Gaming, the Company concurrently ceased operation of Fubo Sportsbook. Net loss from Fubo Gaming's discontinued operations consists of the following for the three and six months ended June 30, 2023 and 2022: For the Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenues Wagering $ —  $ (182) $ —  $ (483) Total revenues —  (182) —  (483) Operating expenses Sales and marketing —  2,630  (59) 6,264  Technology and development —  2,883  17  5,590  General and administrative 481  4,655  746  10,192  Depreciation and amortization —  109  —  215  Gain on extinguishment of liabilities (4,740) —  (4,740) —  Impairment of goodwill, intangible assets, and other long-lived assets, net —  10,682  33  10,682  Total operating expenses (4,259) 20,959  (4,003) 32,943  Operating income (loss) 4,259  (21,141) 4,003  (33,426) Other income (expense) Interest expense and financing costs —  (169) —  (338) Total other expense —  (169) —  (338) Income (loss) from discontinued operations before income taxes 4,259  (21,310) 4,003  (33,764) Income tax benefit —  —  —  —  Net income (loss) from discontinued operations 4,259  (21,310) 4,003  (33,764) During the three and six months ended June 30, 2023, the Company recorded a $4.7 million gain on extinguishment of certain liabilities. As of June 30, 2023, the balance sheet of discontinued operations consisted primarily of accounts payable, accrued expenses and other current liabilities of $24.7 million, primarily related to contract termination costs.

v3.23.2

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	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): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Subscription $ 288,994  $ 199,943  $ 589,869  $ 419,111  Advertising 23,070  22,020  45,791  45,172  Other 671  109  1,449  109  Total revenues $ 312,735  $ 222,072  $ 637,109  $ 464,392  The following tables summarize subscription revenue and advertising revenue by region for the six months ended June 30, 2023 and 2022 (in thousands): Subscription Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 United States and Canada (North America) $ 281,088  $ 194,403  $ 574,346  $ 408,409  Rest of world 7,906  5,540  15,523  10,702  Total subscription revenues $ 288,994  $ 199,943  $ 589,869  $ 419,111  Advertising Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 United States and Canada (North America) $ 22,820  $ 21,717  $ 45,335  $ 44,487  Rest of world 250  303  456  685  Total advertising revenues $ 23,070  $ 22,020  $ 45,791  $ 45,172  Contract balances There were no losses recognized related to any receivables arising from the Company’s contracts with customers for the six months ended June 30, 2023 and 2022. For the three and six months ended June 30, 2023 and 2022, there were no material contract assets recorded on the accompanying condensed consolidated balance sheets as of June 30, 2023 and December 31, 2022. The Company’s contract liabilities primarily relate to upfront payments and consideration received from customers for subscription services. As of June 30, 2023, and December 31, 2022, the Company’s contract liabilities totaled approximately $60.7 million and $65.4 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.

v3.23.2

Property and equipment, net	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property and equipment, net	Property and equipment, net Property and equipment, net, is comprised of the following (in thousands): Useful Life (Years) June 30, 2023 December 31, 2022 Furniture and fixtures 5 $ 523  $ 441  Computer equipment 3-5 4,019  2,922  Leasehold improvements Term of lease 5,199  5,136  9,741  8,499  Less: Accumulated depreciation (4,726) (3,524) Total property and equipment, net $ 5,015  $ 4,975  Depreciation expense totaled approximately $0.4 million and $0.3 million for the three months ended June 30, 2023 and 2022, respectively. Depreciation expense totaled approximately $0.8 million and $0.6 million for the six months ended June 30, 2023 and 2022, respectively.

v3.23.2

Intangible Assets and Goodwill	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets and Goodwill	Intangible Assets and Goodwill Intangible Assets The table below summarizes the Company’s intangible assets at June 30, 2023 and December 31, 2022 (in thousands): Useful Life (Years) Weighted Average Remaining Life (Years) June 30, 2023 Intangible Assets Accumulated Amortization Net Balance Customer relationships 2 0.4 $ 32,609  $ (30,748) $ 1,861  Trade names 2 - 9 5.6 38,850  (14,311) 24,539  Capitalized Internal Use Software 3 2.4 16,892  (3,172) 13,720  Software and technology 3 - 9 5.6 194,794  (68,507) 126,287  Total $ 283,145  $ (116,738) $ 166,407  Useful Lives (Years) Weighted Average Remaining Life (Years) December 31, 2022 Intangible Assets Accumulated Amortization Net Balance Customer relationships 2 1.2 $ 32,433  $ (28,421) $ 4,012  Trade names 2 - 9 6.2 38,837  (12,018) 26,819  Capitalized Internal Use Software 3 2.4 8,487  (1,757) 6,730  Software and technology 3 - 9 6.1 191,735  (57,464) 134,271  Total $ 271,492  $ (99,660) $ 171,832  The intangible assets are being amortized over their respective original useful lives, which range from two to nine years. The Company recorded amortization expense related to the above intangible assets of approximately $8.5 million and $8.1 million for the three months ended June 30, 2023 and 2022, respectively. The Company recorded amortization expense related to the above intangible assets of approximately $16.9 million and $19.2 million for the six months ended June 30, 2023 and 2022, respectively. The estimated future amortization expense associated with intangible assets, net is as follows (in thousands): Year ended December 31, Future Amortization 2023 $ 18,189  2024 32,289  2025 30,471  2026 27,993  2027 26,481  Thereafter 30,984  Total $ 166,407  Goodwill The following table is a summary of the changes to goodwill for the six months ended June 30, 2023 (in thousands): Balance - December 31, 2022 $ 618,506  Foreign currency translation adjustment 2,570  Balance - June 30, 2023 $ 621,076  As of June 30, 2023, goodwill includes and accumulated impairment charge of $148.1 million.

v3.23.2

Accounts Payable, Accrued Expenses, and Other Liabilities	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Accounts Payable, Accrued Expenses, and Other Liabilities	Accounts Payable, Accrued Expenses, and Other Liabilities Accounts payable, accrued expenses, and other liabilities are presented below (in thousands): June 30, 2023 December 31, 2022  Affiliate fees $ 186,570  $ 218,367   Broadcasting and transmission 18,167  15,732   Selling and marketing 10,522  26,907   Accrued compensation 10,535  9,838   Legal and professional fees 3,676  3,712   Sales tax 43,656  37,934   Accrued interest 4,687  4,773   Subscriber related 3,780  3,101   Share settled liability 6,530  2,860   Other 7,419  9,708  Total $ 295,542  $ 332,932

v3.23.2

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Income tax benefit 121  355  235  758  Effective tax rate 0.22  % 0.37  % 0.17  % 0.34  % The Company’s effective tax rates on continuing operations were lower than the U.S. statutory rate of 21% primarily due to a valuation allowance recorded against the Company’s deferred tax assets in these periods. The Company regularly evaluates the realizability of its deferred tax assets and establishes a valuation allowance if it is more likely than not that some or all the deferred tax assets will not be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, loss carrybacks and tax-planning strategies. Generally, more weight is given to objectively verifiable evidence, such as the cumulative losses in recent years, as a significant piece of negative evidence to overcome. At June 30, 2023 and December 31, 2022, the Company continued to maintain that a portion of its deferred tax assets do not meet the more likely than not realization threshold. Therefore, the Company continued to maintain a valuation allowance against such assets.

v3.23.2

Notes Payable, Long-Term Borrowing, and Convertible Notes	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Notes Payable, Long-Term Borrowing, and Convertible Notes	Notes Payable, Long-Term Borrowing, and Convertible Notes Notes payable, long-term borrowing, and convertible notes as of June 30, 2023 and December 31, 2022 consist of the following (in thousands): Note Stated Interest Rate Principal Balance Capitalized Interest Debt Discount June 30, 2023 2026 Convertible Notes 3.25% $ 402,500  $ —  $ (7,138) $ 395,362  Note payable 10.0% 2,700  3,259  —  5,959  Bpi France 2.25% 1,700  —  —  1,700  Other 4.0% 30  8  —  38  $ 406,930  $ 3,267  $ (7,138) $ 403,059  Note Stated Interest Rate Principal Balance Capitalized Interest Debt Discount December 31, 2022 2026 Convertible Notes 3.25% $ 402,500  $ —  $ (8,406) $ 394,094  Note payable 10.0% 2,700  2,950  —  $ 5,650  Bpi France 2.25% 1,986  —  —  $ 1,986  Other 4.0% 30  7  —  37  $ 407,216  $ 2,957  $ (8,406) $ 401,767  2026 Convertible Notes On February 2, 2021, the Company issued $402.5 million of convertible notes (“2026 Convertible Notes.”) The 2026 Convertible Notes bear interest from February 2, 2021, at a rate of 3.25% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on August 15, 2021. The 2026 Convertible Notes will mature on February 15, 2026, unless earlier converted, redeemed, or repurchased. The net proceeds from this offering were approximately $389.4 million, after deducting a discount and offering expenses of approximately $13.1 million. The initial equivalent conversion price of the 2026 Convertible Notes was $57.78 per share of the Company’s common stock. Holders may convert their 2026 Convertible Notes on or after November 15, 2025, until the close of business on the second business day preceding the maturity date or prior to November 15, 2025 under certain circumstances including: (i)during any calendar quarter (and only during such calendar quarter) commencing after the calendar quarter ended on March 31, 2021, if the last reported sale price of the Company’s common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (ii)during the five-business day period after any five consecutive trading day period in which the trading price for each trading day of such five consecutive trading day period was less than 98% of the product of the last reported sale price of the Company’s common stock and the conversion rate on each such trading day; (iii)if the Company calls any or all of the 2026 Convertible Notes for redemption, at any time prior to the close of business on the second scheduled trading day immediately preceding the redemption date; or (iv)upon the occurrence of specified corporate events. The Company may also redeem all or any portion of the 2026 Convertible Notes after February 20, 2024 if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the 2026 Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Upon conversion, the Company can elect to deliver cash or shares or a combination of cash or shares. If the Company undergoes a fundamental change (as defined in the Indenture), subject to certain conditions, holders of the 2026 Convertible Notes may require the Company to repurchase for cash all or any portion of their 2026 Convertible Notes at a repurchase price equal to 100% of the principal amount of the 2026 Convertible Notes plus any accrued and unpaid interest. In addition, if a corporate event (as defined in the Indenture) occurs prior to the maturity date or if the Company issues a notice of redemption, the Company may be required increase the conversion rate by a pre-defined amount for any holder who elects to convert their 2026 Convertible Notes in connection with such a corporate event. Effective January 1, 2022, the Company adopted ASU 2020-06, Debt-Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40 and the portion of the debt discount allocated to equity was reclassified to long-term debt. The remaining unamortized debt issuance costs will be amortized as non-cash interest expense through the scheduled maturity of the 2026 Convertible Notes. During the three and six months ended June 30, 2023, the Company paid approximately $6.5 million and $6.5 million of interest expense, respectively, in connection with the 2026 Convertible Notes and recorded amortization expense of $0.6 million and $1.3 million, respectively, included in amortization of debt discount in the condensed consolidated statements of operations and comprehensive loss. The fair value (Level 2) of the 2026 Convertible Notes was $229.7 million and $183.1 million as of June 30, 2023 and December 31, 2022, respectively. Note payable The Company has recognized, through the consolidation of its subsidiary Evolution AI Corporation (“EAI”), a $2.7 million note payable bearing interest at the rate of 10% per annum that was due on October 1, 2018 (“CAM Digital Note”). The cumulative accrued interest on the CAM Digital Note amounts to $3.0 million. The CAM Digital Note is currently in a default condition due to non-payment of principal and interest. On June 6, 2022, Cam Digital, LLC filed a lawsuit against Pulse Evolution Corporation (“Pulse Evolution”), a subsidiary of EAI, seeking payment of principal and interest under the Cam Digital Note from Pulse Evolution. The outstanding balance as of June 30, 2023, including interest and penalties, is $6.0 million and is included in notes payable on the accompanying condensed consolidated balance sheet. Other The Company assumed, through the consolidation of its subsidiary EAI, a $30,000 note payable due to a relative of the former Chief Executive Officer, John Textor bearing interest at the rate of 4.0% per annum. As of June 30, 2023, the principal balance and accrued interest totaled approximately $38,000 and is included in notes payable on the accompanying condensed consolidated balance sheet. The Company assumed through the acquisition of Molotov, $3.7 million in notes bearing interest rates of 2.25% per annum. As of June 30, 2023 and December 31, 2022, the Company made principal payments of $0.3 million and $1.7 million, respectively. As of June 30, 2023, the principal balance totaled approximately $1.7 million and is included in long-term borrowings-current portion on the accompanying condensed consolidated balance sheet.

v3.23.2

Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s assets measured at fair value on a recurring basis consisted of the following as of June 30, 2023, and December 31, 2022 (in thousands): Fair value measured at June 30, 2023 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Financial assets at fair value: Cash and cash equivalents Money market securities $ 249,960  $ —  $ —  $ 249,960  Total financial assets at fair value $ 249,960  $ —  $ —  $ 249,960  Fair value measured at December 31, 2022 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Financial assets at fair value: Cash and cash equivalents Money market securities $ 50,010  $ —  $ —  $ 50,010  Total financial assets at fair value $ 50,010  $ —  $ —  $ 50,010  There were no liabilities from continuing operations measured at fair value as of June 30, 2023 and December 31, 2022.

v3.23.2

Shareholders’ Equity	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Shareholders’ Equity	Shareholders’ Equity At-the-Market Sales Agreement On August 4, 2022, the Company entered into an at-the-market sales agreement (the "Sales Agreement") with Evercore Group L.L.C., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Needham & Company, LLC, as sales agents (each, a “manager” and together, the “managers”) pursuant to which the Company may, from time to time, sell shares of its common stock, having an aggregate offering price of up to $350.0 million through the managers. Upon delivery of a placement notice and subject to the terms and conditions of the Sales Agreement, the managers may sell the shares by methods deemed to be an “at-the-market” offering as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended. Subject to the terms and conditions of the Sales Agreement, each manager will use commercially reasonable efforts consistent with its normal trading and sales practices to sell the shares from time to time, based upon the Company’s instructions. The Company will pay the managers a commission for their services in acting as agents in the sale of common stock at a commission rate of up to 3% of the gross sales price of the shares of the Company’s common stock sold through them pursuant to the Sales Agreement. The Company is not obligated to, and cannot provide any assurances that it will, make any sales of the shares under the Sales Agreement. The offering of shares of common stock pursuant to the Sales Agreement will terminate upon the earlier of (i) the sale of all common stock subject to the Sales Agreement or (ii) termination of the Sales Agreement in accordance with its terms. During the six months ended June 30, 2023, the Company received net proceeds of approximately $116.9 million (after deducting $2.7 million in commissions and expenses) from sales of 81,694,729 shares of its common stock, at a weighted average gross sales price of $1.46 per share pursuant to the Sales Agreement. As of June 30, 2023, there was $156.3 million shares of common stock remaining available for sale under the Sales Agreement. Framework Agreement with MEP FTV On August 2, 2022 (the "Effective Date"), Fubo Studios Inc. (formerly known as Fubo Entertainment Inc.), a subsidiary of the Company, entered into a binding framework agreement (the “Framework Agreement”) with MEP FTV Holdings, LLC (“MEP FTV”) and Maximum Effort Productions, Inc. (“MEP” and, together with MEP FTV, “Maximum Effort”), memorializing the parties’ collaboration on a forthcoming Maximum Effort linear channel and original programming for launch on Fubo. Maximum Effort is a premiere entertainment production company led by Ryan Reynolds and George Dewey. Pursuant to the Framework Agreement, the Company and Maximum Effort desire to work together to (1) develop scripted and unscripted television programs intended for initial distribution on Fubo’s platform (the “Projects”) and (2) create a new television channel with unique content, features and functionality (the “Network”). In connection with the Framework Agreement, as consideration for Maximum Effort’s participation in the collaboration, the Company entered into a Restricted Stock Award Agreement dated August 12, 2022 (the “RSA Agreement”) pursuant to which it has agreed to issue to MEP FTV (i) 2,000,000 shares of restricted common stock of the Company within 10 business days after the Effective Date (“First Closing Date”) (“Tranche 1”); (ii) a number of shares of common stock determined by dividing $10.0 million by the 30-day volume weighted average closing price of common stock for the 30 trading days preceding the first anniversary of the Effective Date, within 10 business days after the first anniversary of the Effective Date (“Second Closing Date”) (“Tranche 2”); and (iii) a number of shares of common stock determined by dividing $10.0 million by the 30-day volume weighted average closing price of common stock for the 30 trading days preceding the second anniversary of the Effective Date, within 10 business days after the second anniversary of the Effective Date (“Third Closing Date”) (“Tranche 3”) (collectively, the “Shares”). The Shares will be subject to transfer restrictions until various time- and performance-based milestones are met, and, during this restricted period, will be subject to potential forfeiture if the Framework Agreement is terminated under certain conditions. The parties agree that 80% of the equity grant shall be allocated as consideration for the Projects and 20% of the equity grant shall be allocated as consideration for the Network. Because shares of the Company’s common stock will be issued as consideration for the Framework Agreement, the Company accounted for the RSA Agreement pursuant to the non-employee guidance in ASC 718, Compensation – Stock Compensation. Warrants Pursuant to the Framework Agreement, on August 12, 2022, the Company issued MEP FTV a warrant to acquire 166,667 shares of the Company’s common stock with an exercise price of $15.00 per share. The warrant is exercisable on or prior to August 2, 2032, provided that the price per share of the Company’s common stock equals or exceeds a 30-trading day volume weighted average closing price of $30.00 at any time prior to third anniversary of the grant date. The fair value of the warrant was measured on August 12, 2022, using the Monte Carlo valuation model, and the fair value totaled approximately $0.4 million. The derived service period was determined to be 1.7 years. A summary of the Company’s outstanding warrants as of June 30, 2023, are presented below (in thousands, except number of shares and exercise price): Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (Years) Outstanding as of December 31, 2022 166,670  $ 17.40  $ —  9.6 Outstanding as of June 30, 2023 166,670  $ 17.40  $ —  9.1 During the three and six months ended June 30, 2023 the Company recognized $0.1 million and $0.1 million of stock-based compensation, respectively, and as of June 30, 2023, the unrecognized stock-based compensation totaled $0.2 million. Stock-based Compensation During the three and six months ended June 30, 2023 and 2022 the Company recognized stock-based compensation expense as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Subscriber related $ 57  $ 36  $ 109  $ 76  Sales and marketing 5,990  4,334  12,663  13,068  Technology and development 2,980  2,659  6,022  5,110  General and administrative 4,029  5,835  7,950  12,037  $ 13,056  $ 12,864  $ 26,744  $ 30,291  Equity Incentive Plans On April 1, 2020, the Company approved the establishment of the Company’s 2020 Equity Incentive Plan, as amended (the “2020 Plan”). On November 20, 2022 and April 20, 2023, the Company amended the 2020 Plan to increase the maximum aggregate number of shares of common stock available for issuance under the 2020 Plan by 2,500,000 shares and 17,500,000 shares, respectively. On June 15, 2023, the Company's shareholders approved the amended 2020 Plan. The 2020 Plan provides for the grant of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares to its employees, directors and consultants. The Company assumed the fuboTV Inc. 2015 Equity Incentive Plan (the "2015 Plan") on April 1, 2020. No shares are available for future issuance under the 2015 Plan. On August 3, 2022, the Company's board of directors (the "Board") approved the adoption of the 2022 Employment Inducement Equity Incentive Plan (the “2022 Inducement Plan”), which was adopted without shareholder approval pursuant to Rule 303A.08 of the New York Stock Exchange Listed Company Manual. The 2022 Inducement Plan provided for the grant of equity-based awards, including non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares, and its terms are substantially similar to the 2020 Plan, with the exception that awards can only be made to new employees in connection with their commencement of employment. No shares are available for future issuance under the 2022 Inducement Plan. Options The Company provides option grants to employees, directors, and consultants under the fuboTV Inc. 2020 Equity Incentive Plan, as amended (the "2020 Plan"). The fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option pricing model. The Company historically has lacked sufficient company-specific historical and implied volatility information. Therefore, it estimates its expected stock volatility based primarily on the historical volatility of a publicly-traded set of peer companies with consideration of the volatility of its own traded stock price. The risk-free interest rate is determined by referencing the U.S. Treasury yield curve in effect at the time of grant of the award for time periods approximately equal to the expected term of the award. Expected dividend yield is based on the fact that the Company has never paid cash dividends and does not expect to pay any cash dividends in the foreseeable future. The expected term of options represents the period that the Company’s stock-based awards are expected to be outstanding based on the simplified method, which is the half-life from vesting to the end of its contractual term. The simplified method was used because the Company does not have sufficient historical exercise data to provide a reasonable basis for an estimate of expected term. Stock Options A summary of stock option activity for the six months ended June 30, 2023, is as follows (in thousands, except share and per share amounts): Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (Years) Outstanding as of December 31, 2022 10,243,772  $ 6.43  $ 1,956  6.0 Granted 636,298  $ 2.02      Exercised (190,488) $ 0.50    Forfeited or expired (50,826) $ 10.48    Outstanding as of June 30, 2023 10,638,756  $ 6.25  $ 2,385  5.8 Options vested and exercisable as of June 30, 2023 8,693,067  $ 6.13  $ 2,347  5.4 During the six months ended June 30, 2023, the Company granted 636,298 options to purchase shares of its common stock to the Company's Chief Executive Officer ("CEO"). The options have a fair value of approximately $0.8 million with an exercise price of $2.02 per share, vest in four equal annual installments, with the first installment vesting on February 20, 2024, and expire on May 8, 2033. There were no options granted during the three and six months ended June 30, 2022. The following was used in determining the fair value of stock options granted during the three and six months ended June 30, 2023 : Dividend yield —% Expected price volatility 49.8% Risk free interest rate 3.9% Expected term (years) 6.0 years As of June 30, 2023, the estimated value of unrecognized stock-based compensation expense related to unvested options was approximately $6.2 million to be recognized over a period of 1.8 years. Market and Service Condition Based Stock Options A summary of activity under the 2020 Plan for market and service-based stock options for the six months ended June 30, 2023 is as follows (in thousands, except share and per share amounts): Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (Years) Outstanding as of December 31, 2022 4,453,297  $ 12.75  $ —  4.7 Outstanding as of June 30, 2023 4,453,297  $ 12.75  $ —  4.2       Options vested and exercisable as of June 30, 2023 3,994,964  $ 11.96  $ —  4.1 There were no market and service-based options granted during the six months ended June 30, 2023 and 2022. As of June 30, 2023, there was $1.9 million of unrecognized stock-based compensation expense for market and service-based stock options. Performance-Based Stock Options On October 8, 2020, the Company awarded the CEO an option which was eligible to vest based upon the achievement of certain predetermined goals for each of the five years in the performance period related to stock price, revenue, gross margin, an increase in the number of subscribers, the launch of new markets and, commencing in 2024, creation of new revenue streams. The terms of the option provided that the Company's Board would review and certify attainment of such goals annually from 2021 through 2026 on a given certification date subsequent to the Company’s calendar year end (the "Certification Date") to determine if any vesting was warranted. The Board had the discretion to determine vesting at, above, or below 20% of the shares subject to the performance option on a given Certification Date. All shares were eligible for vesting until the Certification Date following the 2025 calendar year. Any such vesting was subject to the CEO’s continuation in service with the Company through the applicable Certification Date. Because the number of shares to be earned on each Certification Date was subject to the discretion of the Board, the compensation expense was adjusted each reporting period for changes in fair value prorated for the portion of the requisite service period rendered and based on the number of shares expected to be earned. During the six months ended June 30, 2022, the Board determined that the option would vest with respect to 820,000 shares for the 2021 calendar year. On April 20, 2023, the Company entered into the first amendment to the performance-based stock options described above that were awarded to its CEO. The amendment did not adjust the total number of options granted (4,100,000 options), the exercise price of $10.00 per share or the expiration date of October 7, 2030. Under the terms of the amendment, 3,280,000 performance-based stock options remain unvested, and the original vesting conditions were modified. The modified vesting of the stock options is based upon the achievement of certain performance metrics (the "Performance Criteria") during the period January 1, 2025 through December 31, 2025, including 50% vesting based on the Company's adjusted EBITDA, 25% vesting based on revenue criteria, and 25% based on the number of subscribers achieved. The Company’s Board will certify the Company’s performance relative to the Performance Criteria on or prior to February 20, 2026 (the “Certification Date”). If a change in control event occurs on or prior to December 31, 2025, all of the unvested options (measured at target performance) will vest on February 20, 2026 (or the date of an earlier termination of employment without cause or for good reason (a "Qualifying Termination") following the change in control), provided the CEO continues to provide services through such date. In the event of the CEO’s Qualifying Termination prior to a change in control, if the termination occurs on or prior to December 31, 2025, then all unvested options (measured at target performance) will vest as of the date of termination, and if the termination occurs on or after January 1, 2026, a number of unvested options, determined based on actual performance during the performance period, will vest on date performance is certified. Compensation cost related to the modification of the 3,280,000 unvested options will be recognized over the requisite service period for the new award beginning on the amendment date and ending on the Certification Date based on the probability of achievement of the Performance Criteria. There is no accounting impact on the fully vested 820,000 shares as a result of the amendment. The fair value of the options as of the amendment date totaled $1.2 million, and during the six months ended June 30, 2023, the Company recognized stock-based compensation expense of $0.1 million. Modification of Options During the six months ended June 30, 2022, the Board approved the acceleration of vesting and extended the post-termination exercisability of certain employee stock options. The Company reported $1.8 million of expense during the six months ended June 30, 2022 as a result of the accelerated vesting of stock options. Modifications during the six months ended June 30, 2023 were immaterial. Service-based Restricted Stock Awards Framework Agreement - Project Restricted Stock Awards In connection with the Framework Agreement, stock-based compensation cost for Project restricted stock awards (the "Project RSAs") totaling approximately $23.0 million is measured as the fair value of the 1,600,000 shares issued for the first tranche issued on August 12, 2022, $7.0 million, plus the fixed monetary amount of $8.0 million, settleable in shares on August 2, 2023, and the fixed monetary amount of $8.0 million, settleable in shares on August 2, 2024. Compensation cost will be recognized on a straight-line basis over the term of the three-year service period as if the Company paid cash for the services. The second two tranches are liability classified because they are a fixed monetary amount, settleable in shares. As compensation cost is recognized for these tranches, a corresponding credit to share-based liabilities will be recorded and reclassified to equity upon issuance of the related shares. In connection with the Project RSAs, during the three and six months ended June 30, 2023, the Company recognized stock-based compensation of $1.9 million and $3.8 million, respectively. As of June 30, 2023, the unrecognized stock-based compensation totaled $16.2 million, and $4.7 million of shares liability in accrued expenses and other current liabilities and other long-term liabilities was recorded on the condensed consolidated balance sheet. Performance-based Restricted Stock Awards Framework Agreement - Network Restricted Stock Awards The restricted stock awards allocated as consideration for the Network (“Network RSAs”) are performance-based RSAs. The performance condition consists of creating a new television channel with unique content, features and functionality. Compensation cost is measured on the grant date for shares that vest based upon the achievement of the performance condition are recognized when probable over the requisite service period, that is the implicit service period over which the performance conditions are probable of achievement. Stock-based compensation cost for the Network RSAs totaling approximately $5.7 million is measured as the fair value of the 400,000 shares issued for the first tranche issued on August 12, 2022, $1.7 million, plus the fixed monetary amount of $2.0 million, settleable in shares on August 2, 2023, plus the fixed monetary amount of $2.0 million, settleable in shares on August 2, 2024. The Network RSAs are subject to forfeiture until launch of the Network. The Company determined the that it is probable that the Network will be launched by the end of the two-year service agreement. The Company will recognize the total fair value of $5.7 million ratably over the two-year period. Should the performance condition not be achieved, the Company will reverse any stock-based compensation cost recognized for the Network RSAs. In connection with the Network RSAs, during the three and six months ended June 30, 2023 the Company recognized stock-based compensation of $0.7 million and $1.4 million, respectively. As of June 30, 2023, the unrecognized stock-based compensation totaled $3.2 million, and $1.8 million of shares liability in accrued expenses and other current liabilities and other long-term liabilities was recorded on the condensed consolidated balance sheet. Time-Based Restricted Stock Units A summary of the Company’s time-based restricted stock unit activity during the six months ended June 30, 2023 is as follows: Number of Shares Weighted Average Grant-Date Fair Value Unvested at December 31, 2022 13,055,629  $ 5.25  Granted 3,173,553  $ 2.19  Vested (791,181) $ 8.15  Forfeited or expired (2,710,747) $ 3.57  Unvested at June 30, 2023 12,727,254  $ 4.66  During the six months ended June 30, 2023, the Company granted 3,173,553 time-based restricted stock units which generally vest annually over a four-year period, subject to the recipient’s continuation in service through each applicable vesting date. The fair value of restricted stock units is measured based on their fair value at grant date which totaled approximately $7.0 million. As of June 30, 2023, the unrecognized stock-based compensation related to restricted stock units totaled $51.1 million, had an aggregate intrinsic value of approximately $26.5 million, and a weighted average remaining contractual term of 3.0 years. Performance-Based Restricted Stock Units A summary of the Company’s performance-based restricted stock unit activity during the six months ended June 30, 2023 is as follows: Number of Shares Weighted Average Grant-Date  Fair Value Unvested at December 31, 2022 1,520,000  $ 33.87  Granted 243,446  $ 2.20  Vested (186,667) $ 33.87  Forfeited (93,333) $ 33.87  Unvested at June 30, 2023 1,483,446  $ 28.67  On November 3, 2021, the Company granted 1.9 million performance-based restricted stock units (“PRSUs”) to the Chief Operating Officer ("COO") of the Company. The PRSUs will vest over a period of 5-calendar years through 2025, subject to the achievement of certain established performance metrics including revenue targets, subscriber targets, and the launching of new markets (and, with respect to 2023, the creation of one or more new revenue streams). The determination of the actual number of PRSUs that will vest each year during the five-year performance period will be determined upon the achievement of the predetermined performance targets. Any such vesting is subject to the COO’s continuation in service with the Company through the applicable vesting date. At each reporting period, the Company will make a determination of the most likely outcome for achievement of each performance metric. This may result in a cumulative catch-up as the Company assessments are evaluated. The fair value of the PRSUs is measured based on their grant date fair value which totaled $64.4 million. On May 9, 2023, the Company entered into a PRSU agreement with the Company's CEO. The PRSU agreement provides the right to earn shares of the Company's common stock upon achievement of certain performance criteria, with 730,338 shares being earned at target performance and up to 1,095,507 shares being earned at maximum performance. The number of PRSUs eligible to vest will be determined based upon the achievement of annual performance-based vesting conditions for the 2023, 2024, and 2025 calendar years. The Company accounts for the PRSUs as three separate awards each with a requisite service period beginning on January 1st of the applicable year. For year one, the Company has defined the performance targets including adjusted EBITDA, revenue, and the number of subscribers, and determined the grant date is June 15, 2023. The Company's Board will define the performance criteria for years two and three no later than March 15, 2024 and 2025, respectively (the grant date). Any PRSUs that are eligible to vest based on performance relative to the pre-determined annual performance objectives will vest on the date on which the Company’s performance for the 2025 performance year is certified, which will occur on or before February 20, 2026. Any such vesting is subject to the employee’s continuation in service with the Company through the applicable vesting date. The Company's Board will review attainment of such performance conditions annually from 2024 through 2026 on a given certification date (subsequent to the Company’s calendar year end) to determine if any PRSUs should be eligible to vest. The PRSUs contain both service and performance vesting conditions. Compensation cost related to the target PRSUs will be recognized over the requisite service period based on the probability of achievement of certain performance thresholds. The fair value of the PRSUs is measured based on their grant date fair value which totaled $0.5 million for the year one tranche. During the six months ended June 30, 2023, the Company issued 186,667 shares of its common stock in connection with the vesting of PRSUs. During the three and six months ended June 30, 2023 the Company recognized stock-based compensation of $2.5 million and $5.7 million, respectively. During the three and six months ended June 30, 2022 the Company recognized stock-based compensation of $3.3 million and $11.0 million, respectively. As of June 30, 2023 , the unrecognized stock-based compensation related to PRSUs totaled $35.8 million.

v3.23.2

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The components of lease expense were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating leases Operating lease cost $ 1,537  $ 1,432  $ 2,969  $ 2,866  Other lease cost 103  95  158  145  Operating lease expense 1,640  1,527  3,127  3,011  Short-term lease rent expense 66  57  132  103  Total rent expense $ 1,706  $ 1,584  $ 3,259  $ 3,114  Supplemental cash flow information related to leases were as follows (in thousands, except term and discount rate): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating cash flows from operating leases $ 1,486  $ 443  $ 2,233  $ 542  Right of use assets exchanged for operating lease liabilities $ 3,062  $ —  $ 3,062  $ 4,312  Weighted average remaining lease term - operating leases 10.5 11.2 10.5 11.2 Weighted average remaining discount rate - operating leases 7.9  % 7.3  % 7.9  % 7.3  % As of June 30, 2023, future minimum payments for the operating leases are as follows (in thousands): Six Months Ended December 31, 2023 $ 3,440  Year Ended December 31, 2024 7,401  Year Ended December 31, 2025 7,113  Year Ended December 31, 2026 6,011  Year Ended December 31, 2027 4,831  Thereafter 36,141  Total 64,937  Less present value discount (21,439) Operating lease liabilities $ 43,498  Other Contractual Obligations The Company is a party to several non-cancelable contracts with vendors and licensors for marketing and other strategic partnership related agreements where the Company is obligated to make future minimum payments under the non-cancelable terms of these contracts as follows (in thousands): Annual Sponsorship Agreements 2023 $ 1,600  2024 3,225  2025 3,275  2026 3,325  2027 3,425  Thereafter 16,250  Total $ 31,100  Sports Rights Agreements The Company entered into various sports right agreements to obtain programming rights to certain live sporting events. Future payments under these agreements are as follows: 2023 $ 24,362  2024 26,065  2025 13,748  2026 13,748  2027 13,748  Thereafter 4,583  Total $ 96,254  During the six months ended June 30, 2023, the Company made upfront payments totaling approximately $16.1 million, which are recorded in prepaid sports rights on the condensed consolidated balance sheet. Contingencies The Company is subject to certain legal proceedings and claims that arise from time to time in the ordinary course of its business, including relating to business practices and patent infringement. Litigation can be expensive and disruptive to normal business operations. Moreover, the results of complex legal proceedings are difficult to predict and the Company’s view of these matters may change in the future as the litigation and events related thereto unfold. When the Company determines that a loss is both probable and reasonably estimable, a liability is recorded and disclosed if the amount is material to the financial statements taken as a whole. When a material loss contingency is only reasonably possible, the Company does not record a liability, but instead discloses the nature and the amount of the claim, and an estimate of the loss or range of loss, if such an estimate can reasonably be made. Legal expenses associated with any contingency are expensed as incurred. The Company is engaged in discussions with certain third parties regarding patent licensing matters. The Company is not able to reasonably estimate whether it will be able to reach an agreement with these parties or the amount of potential licensing fees, if any, it may agree to pay in connection with these discussions, but it is possible that any such amount could be material. Legal Proceedings The Company is and may in the future be involved in various legal proceedings arising from the normal course of business activities. Although the results of litigation and claims cannot be predicted with certainty, currently, the Company believes that the likelihood of any material adverse impact on the Company’s consolidated results of operations, cash flows or our financial position for any such litigation or claims is remote. Regardless of the outcome, litigation can have an adverse impact on the Company because of the costs to defend lawsuits, diversion of management resources and other factors. Said-Ibrahim v. fuboTV Inc., David Gandler , Edgar M. Bronfman Jr., & Simone Nardi , Case No. 21-cv-01412 (S.D.N.Y) & Lee v. fuboTV, Inc., David Gandler, Edgar M. Bronfman Jr., & Simone Nardi, Case No. 21-cv-01641 (S.D.N.Y.) (consolidated as In re fuboTV Inc. Securities Litigation, No. 21-cv-01412 (S.D.N.Y.)) On February 17, 2021, putative shareholders Wafa Said-Ibrahim and Adhid Ibrahim filed a class action lawsuit against the Company, co-founder and CEO David Gandler, Executive Chairman Edgar M. Bronfman Jr., and CFO Simone Nardi (collectively, the “Class Action Defendants”). Plaintiffs allege that Class Action Defendants violated federal securities laws by disseminating false and misleading statements regarding the Company’s financial health and operating condition, including the Company’s ability to grow subscription levels, prospects, future profitability, seasonality factors, cost escalations, ability to generate advertising revenue, valuation, and entering the online sports wagering market. The Plaintiffs allege that Class Action Defendants violated Section 10(b) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 thereunder, as well as Section 20(a) of the Exchange Act, and seek damages and other relief. On February 24, 2021, putative shareholder Steven Lee filed a nearly identical class action lawsuit against the same Defendants. On April 29, 2021, the court consolidated Said-Ibrahim v. fuboTV Inc., David Gandler, Edgar M. Bronfman Jr., & Simone Nardi, Case No. 21-cv-01412 (S.D.N.Y) and Lee v. fuboTV, Inc., David Gandler, Edgar M. Bronfman Jr., & Simone Nardi, Case No. 21-cv-01641 (S.D.N.Y.) under In re FuboTV Inc. Securities Litigation, No. 1:21-cv-01412 (S.D.N.Y.). The court also appointed putative shareholder Nordine Aamchoune as lead plaintiff. On July 12, 2021, Lead Plaintiff filed an Amended Class Action Complaint. Lead Plaintiff seeks to pursue this claim on behalf of himself as well as all other persons who purchased or otherwise acquired Company securities publicly traded on the NYSE between March 23, 2020 and January 4, 2021, inclusive, and who were allegedly damaged thereby. The Class Action Defendants filed a motion to dismiss the Amended Class Action Complaint on September 10, 2021. Lead Plaintiff filed an opposition on November 9, 2021. Class Action Defendants’ filed their reply in support of the motion to dismiss on December 9, 2021. On March 30, 2023, the Court granted the Class Action Defendant's motion to dismiss without prejudice. On May 22, 2023, Lead Plaintiff filed a Second Amended Class Action Complaint, which amended the class period to purchases or acquisitions between May 20, 2020 and January 4, 2021, inclusive. The Class Action Defendants filed their motion to dismiss the Second Amended Class Action Complaint on August 1, 2023. Lead Plaintiff’s opposition is due to be filed by September 14, 2023. The Class Action Defendants’ reply is due to be filed by October 5, 2023. The Company believes the claims alleged in both lawsuits are without merit and intends to vigorously defend these litigations. Fubo Gaming Dissolution Following the dissolution of Fubo Gaming in October 2022, the Company has received communications from several commercial partners of Fubo Gaming, alleging breach by Fubo Gaming of applicable agreements. Certain of these parties have also asserted that the Company is a guarantor of Fubo Gaming’s obligations under the applicable agreements. On May 2, 2023, one such party (comprising two related plaintiff entities, Dynamo Stadium, LLC and Dynamo Soccer, LLC (together, “Dynamo”)) filed Demands for Arbitration with the American Arbitration Association against Fubo Gaming, alleging breaches by Fubo Gaming of a sports betting agreement and a sponsorship agreement, as well as against the Company for alleged guaranty obligations under the sports betting agreement. Dynamo is seeking monetary damages and costs. The arbitration is currently pending and discussions with Dynamo regarding the arbitration are ongoing. Additional allegations or litigation may arise against Fubo Gaming or the Company in the future related to the dissolution of Fubo Gaming, including potential breach of contract claims by other commercial partners of Fubo Gaming or claims related to guarantees by the Company of Fubo Gaming’s contractual obligations. At this time, the Company cannot predict the outcome, or provide a reasonable estimate or range of estimates of the possible outcome or loss, if any, with respect to any such matters, including the Dynamo matter. The Company believes it has meritorious defenses and intends to defend itself vigorously in any such matters.

v3.23.2

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net loss attributable to common shareholders	$ (49,940)	$ (83,613)	$ (116,124)	$ (140,724)	$ (133,553)	$ (256,848)

v3.23.2

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2023 shares	Jun. 30, 2023 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Alberto Horihuela Suarez [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On June 21, 2023, Alberto Horihuela Suarez, the Company's Chief Operating Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 2,100,000 shares of the Company’s common stock until December 31, 2025.
Name	Alberto Horihuela Suarez
Title	Chief Operating Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 21, 2023
Arrangement Duration	900 days
Aggregate Available	2,100,000	2,100,000
John Janedis [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On June 21, 2023, John Janedis, the Company's Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 108,934 shares of the Company’s common stock until June 21, 2024.
Name	John Janedis
Title	Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 21, 2023
Arrangement Duration	400 days
Aggregate Available	108,934	108,934

v3.23.2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Principles of Consolidation	The Company’s condensed consolidated financial statements include the accounts of the Company and the accounts of the Company’s wholly-owned subsidiaries and non-wholly owned subsidiaries where the Company has a controlling interest. All intercompany balances and transactions have been eliminated in consolidation.
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, consisting of normal recurring adjustments considered necessary for a fair presentation of such interim results. Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations only (see Note 4 for information on discontinued operations).
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates. Those estimates and assumptions include allocating the fair value of purchase consideration to assets acquired and liabilities assumed in business acquisitions, useful lives of property and equipment and intangible assets, recoverability of goodwill and intangible assets, accruals for contingent liabilities, equity instruments issued in share-based payment arrangements, and accounting for income taxes, including the valuation allowance on deferred tax assets.
Cash, Cash Equivalents and Restricted Cash and Cash Reserved for Users	Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with remaining maturities at the date of purchase of three months or less to be cash equivalents, including balances held in the Company’s money market account. Restricted cash primarily represents cash on deposit with financial institutions in support of a letter of credit outstanding in favor of the Company’s landlord for office space. The restricted cash balance has been excluded from the cash balance and is classified as restricted cash on the condensed consolidated balance sheets.
Certain Risks and Concentrations	Certain Risks and Concentrations Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of demand deposits and accounts receivable. The Company maintains cash deposits with financial institutions that at times exceed applicable insurance limits. The majority of the Company’s software and computer systems utilize data processing, storage capabilities and other services provided by Google Cloud Platform and Amazon Web Services, which cannot be easily switched to another cloud service provider. As such, any disruption of the Company’s interference with Google Cloud Platform and Amazon Web Services could adversely impact the Company’s operations and business.
Segment and Reporting Unit Information	Segment and Reporting Unit Information Operating segments are defined as components of an entity for which discrete financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is determined to be the CODM. The CODM reviews financial information and makes resource allocation decisions at the consolidated group level. The Company has one operating segment as of June 30, 2023, the streaming business.
Net Loss Per Share	Net Loss Per Share Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period.
Recently Issued Accounting Standards	Recently Issued Accounting Standards The Company continually assesses any new accounting pronouncements to determine their applicability. When it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine the consequences of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financial statements properly reflect the change.

v3.23.2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets that sum to the total of the same on the condensed consolidated statement of cash flows (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents $ 293,515  $ 337,087  Restricted cash 6,141  6,139  Total cash, cash equivalents and restricted cash $ 299,656  $ 343,226
Restrictions on Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash within the condensed consolidated balance sheets that sum to the total of the same on the condensed consolidated statement of cash flows (in thousands): June 30, 2023 December 31, 2022 Cash and cash equivalents $ 293,515  $ 337,087  Restricted cash 6,141  6,139  Total cash, cash equivalents and restricted cash $ 299,656  $ 343,226
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the calculation of basic and diluted net loss per share (in thousands, except shares and per share data): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Basic loss per share: Loss from continuing operations $ (54,209) $ (94,964) $ (137,577) $ (223,327) Less: net loss attributable to non-controlling interest 10  150  21  243  Loss from continuing operations available to common shareholders (54,199) (94,814) (137,556) (223,084) Income (loss) from discontinued operations, net of tax 4,259  (21,310) 4,003  (33,764) Net loss attributable to common shareholders $ (49,940) $ (116,124) $ (133,553) $ (256,848) Shares used in computation: Weighted-average common shares outstanding 291,720,400  185,103,005  258,646,559  171,316,513  Basic and diluted loss per share from continuing operations $ (0.19) $ (0.51) $ (0.53) $ (1.30) Basic and diluted loss per share from discontinued operations $ 0.02  $ (0.12) $ 0.02  $ (0.20) Basic and diluted loss per share $ (0.17) $ (0.63) $ (0.51) $ (1.50)
Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share	The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive: June 30, 2023 2022 Warrants to purchase common stock 166,670  3  Stock options 19,192,053  15,854,229  Unvested restricted stock units 14,210,700  7,158,200  Convertible notes variable settlement feature 6,966,078  6,966,078  Total 40,535,501  29,978,510

v3.23.2

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	Net loss from Fubo Gaming's discontinued operations consists of the following for the three and six months ended June 30, 2023 and 2022: For the Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Revenues Wagering $ —  $ (182) $ —  $ (483) Total revenues —  (182) —  (483) Operating expenses Sales and marketing —  2,630  (59) 6,264  Technology and development —  2,883  17  5,590  General and administrative 481  4,655  746  10,192  Depreciation and amortization —  109  —  215  Gain on extinguishment of liabilities (4,740) —  (4,740) —  Impairment of goodwill, intangible assets, and other long-lived assets, net —  10,682  33  10,682  Total operating expenses (4,259) 20,959  (4,003) 32,943  Operating income (loss) 4,259  (21,141) 4,003  (33,426) Other income (expense) Interest expense and financing costs —  (169) —  (338) Total other expense —  (169) —  (338) Income (loss) from discontinued operations before income taxes 4,259  (21,310) 4,003  (33,764) Income tax benefit —  —  —  —  Net income (loss) from discontinued operations 4,259  (21,310) 4,003  (33,764)

v3.23.2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents the Company’s revenues disaggregated into categories based on the nature of such revenues (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Subscription $ 288,994  $ 199,943  $ 589,869  $ 419,111  Advertising 23,070  22,020  45,791  45,172  Other 671  109  1,449  109  Total revenues $ 312,735  $ 222,072  $ 637,109  $ 464,392
Revenue from External Customers by Geographic Areas	The following tables summarize subscription revenue and advertising revenue by region for the six months ended June 30, 2023 and 2022 (in thousands): Subscription Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 United States and Canada (North America) $ 281,088  $ 194,403  $ 574,346  $ 408,409  Rest of world 7,906  5,540  15,523  10,702  Total subscription revenues $ 288,994  $ 199,943  $ 589,869  $ 419,111  Advertising Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 United States and Canada (North America) $ 22,820  $ 21,717  $ 45,335  $ 44,487  Rest of world 250  303  456  685  Total advertising revenues $ 23,070  $ 22,020  $ 45,791  $ 45,172

v3.23.2

Property and equipment, net (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment, net, is comprised of the following (in thousands): Useful Life (Years) June 30, 2023 December 31, 2022 Furniture and fixtures 5 $ 523  $ 441  Computer equipment 3-5 4,019  2,922  Leasehold improvements Term of lease 5,199  5,136  9,741  8,499  Less: Accumulated depreciation (4,726) (3,524) Total property and equipment, net $ 5,015  $ 4,975

v3.23.2

Intangible Assets and Goodwill (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill	The table below summarizes the Company’s intangible assets at June 30, 2023 and December 31, 2022 (in thousands): Useful Life (Years) Weighted Average Remaining Life (Years) June 30, 2023 Intangible Assets Accumulated Amortization Net Balance Customer relationships 2 0.4 $ 32,609  $ (30,748) $ 1,861  Trade names 2 - 9 5.6 38,850  (14,311) 24,539  Capitalized Internal Use Software 3 2.4 16,892  (3,172) 13,720  Software and technology 3 - 9 5.6 194,794  (68,507) 126,287  Total $ 283,145  $ (116,738) $ 166,407  Useful Lives (Years) Weighted Average Remaining Life (Years) December 31, 2022 Intangible Assets Accumulated Amortization Net Balance Customer relationships 2 1.2 $ 32,433  $ (28,421) $ 4,012  Trade names 2 - 9 6.2 38,837  (12,018) 26,819  Capitalized Internal Use Software 3 2.4 8,487  (1,757) 6,730  Software and technology 3 - 9 6.1 191,735  (57,464) 134,271  Total $ 271,492  $ (99,660) $ 171,832
Finite-lived Intangible Assets Amortization Expense	The estimated future amortization expense associated with intangible assets, net is as follows (in thousands): Year ended December 31, Future Amortization 2023 $ 18,189  2024 32,289  2025 30,471  2026 27,993  2027 26,481  Thereafter 30,984  Total $ 166,407
Schedule of Goodwill	The following table is a summary of the changes to goodwill for the six months ended June 30, 2023 (in thousands): Balance - December 31, 2022 $ 618,506  Foreign currency translation adjustment 2,570  Balance - June 30, 2023 $ 621,076

v3.23.2

Accounts Payable, Accrued Expenses, and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	Accounts payable, accrued expenses, and other liabilities are presented below (in thousands): June 30, 2023 December 31, 2022  Affiliate fees $ 186,570  $ 218,367   Broadcasting and transmission 18,167  15,732   Selling and marketing 10,522  26,907   Accrued compensation 10,535  9,838   Legal and professional fees 3,676  3,712   Sales tax 43,656  37,934   Accrued interest 4,687  4,773   Subscriber related 3,780  3,101   Share settled liability 6,530  2,860   Other 7,419  9,708  Total $ 295,542  $ 332,932

v3.23.2

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Income tax benefit 121  355  235  758  Effective tax rate 0.22  % 0.37  % 0.17  % 0.34  %

v3.23.2

Notes Payable, Long-Term Borrowing, and Convertible Notes (Tables)	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	Notes payable, long-term borrowing, and convertible notes as of June 30, 2023 and December 31, 2022 consist of the following (in thousands): Note Stated Interest Rate Principal Balance Capitalized Interest Debt Discount June 30, 2023 2026 Convertible Notes 3.25% $ 402,500  $ —  $ (7,138) $ 395,362  Note payable 10.0% 2,700  3,259  —  5,959  Bpi France 2.25% 1,700  —  —  1,700  Other 4.0% 30  8  —  38  $ 406,930  $ 3,267  $ (7,138) $ 403,059  Note Stated Interest Rate Principal Balance Capitalized Interest Debt Discount December 31, 2022 2026 Convertible Notes 3.25% $ 402,500  $ —  $ (8,406) $ 394,094  Note payable 10.0% 2,700  2,950  —  $ 5,650  Bpi France 2.25% 1,986  —  —  $ 1,986  Other 4.0% 30  7  —  37  $ 407,216  $ 2,957  $ (8,406) $ 401,767

v3.23.2

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring	The Company’s assets measured at fair value on a recurring basis consisted of the following as of June 30, 2023, and December 31, 2022 (in thousands): Fair value measured at June 30, 2023 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Financial assets at fair value: Cash and cash equivalents Money market securities $ 249,960  $ —  $ —  $ 249,960  Total financial assets at fair value $ 249,960  $ —  $ —  $ 249,960  Fair value measured at December 31, 2022 Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) Total Financial assets at fair value: Cash and cash equivalents Money market securities $ 50,010  $ —  $ —  $ 50,010  Total financial assets at fair value $ 50,010  $ —  $ —  $ 50,010

v3.23.2

Shareholders’ Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of Stockholders' Equity Note, Warrants or Rights	A summary of the Company’s outstanding warrants as of June 30, 2023, are presented below (in thousands, except number of shares and exercise price): Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (Years) Outstanding as of December 31, 2022 166,670  $ 17.40  $ —  9.6 Outstanding as of June 30, 2023 166,670  $ 17.40  $ —  9.1
Share-based Payment Arrangement, Expensed and Capitalized, Amount	During the three and six months ended June 30, 2023 and 2022 the Company recognized stock-based compensation expense as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Subscriber related $ 57  $ 36  $ 109  $ 76  Sales and marketing 5,990  4,334  12,663  13,068  Technology and development 2,980  2,659  6,022  5,110  General and administrative 4,029  5,835  7,950  12,037  $ 13,056  $ 12,864  $ 26,744  $ 30,291
Share-based Payment Arrangement, Activity	A summary of stock option activity for the six months ended June 30, 2023, is as follows (in thousands, except share and per share amounts): Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (Years) Outstanding as of December 31, 2022 10,243,772  $ 6.43  $ 1,956  6.0 Granted 636,298  $ 2.02      Exercised (190,488) $ 0.50    Forfeited or expired (50,826) $ 10.48    Outstanding as of June 30, 2023 10,638,756  $ 6.25  $ 2,385  5.8 Options vested and exercisable as of June 30, 2023 8,693,067  $ 6.13  $ 2,347  5.4 A summary of activity under the 2020 Plan for market and service-based stock options for the six months ended June 30, 2023 is as follows (in thousands, except share and per share amounts): Number of Shares Weighted Average Exercise Price Total Intrinsic Value Weighted Average Remaining Contractual Life (Years) Outstanding as of December 31, 2022 4,453,297  $ 12.75  $ —  4.7 Outstanding as of June 30, 2023 4,453,297  $ 12.75  $ —  4.2       Options vested and exercisable as of June 30, 2023 3,994,964  $ 11.96  $ —  4.1
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions	The following was used in determining the fair value of stock options granted during the three and six months ended June 30, 2023 : Dividend yield —% Expected price volatility 49.8% Risk free interest rate 3.9% Expected term (years) 6.0 years
Schedule of Nonvested Restricted Stock Units Activity	A summary of the Company’s time-based restricted stock unit activity during the six months ended June 30, 2023 is as follows: Number of Shares Weighted Average Grant-Date Fair Value Unvested at December 31, 2022 13,055,629  $ 5.25  Granted 3,173,553  $ 2.19  Vested (791,181) $ 8.15  Forfeited or expired (2,710,747) $ 3.57  Unvested at June 30, 2023 12,727,254  $ 4.66  A summary of the Company’s performance-based restricted stock unit activity during the six months ended June 30, 2023 is as follows: Number of Shares Weighted Average Grant-Date  Fair Value Unvested at December 31, 2022 1,520,000  $ 33.87  Granted 243,446  $ 2.20  Vested (186,667) $ 33.87  Forfeited (93,333) $ 33.87  Unvested at June 30, 2023 1,483,446  $ 28.67

v3.23.2

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Lease, Cost	The components of lease expense were as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating leases Operating lease cost $ 1,537  $ 1,432  $ 2,969  $ 2,866  Other lease cost 103  95  158  145  Operating lease expense 1,640  1,527  3,127  3,011  Short-term lease rent expense 66  57  132  103  Total rent expense $ 1,706  $ 1,584  $ 3,259  $ 3,114
Schedule of Cash Flow, Supplemental Disclosures	Supplemental cash flow information related to leases were as follows (in thousands, except term and discount rate): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Operating cash flows from operating leases $ 1,486  $ 443  $ 2,233  $ 542  Right of use assets exchanged for operating lease liabilities $ 3,062  $ —  $ 3,062  $ 4,312  Weighted average remaining lease term - operating leases 10.5 11.2 10.5 11.2 Weighted average remaining discount rate - operating leases 7.9  % 7.3  % 7.9  % 7.3  %
Lessee, Operating Lease, Liability, Maturity	As of June 30, 2023, future minimum payments for the operating leases are as follows (in thousands): Six Months Ended December 31, 2023 $ 3,440  Year Ended December 31, 2024 7,401  Year Ended December 31, 2025 7,113  Year Ended December 31, 2026 6,011  Year Ended December 31, 2027 4,831  Thereafter 36,141  Total 64,937  Less present value discount (21,439) Operating lease liabilities $ 43,498
Other Commitments	2023 $ 1,600  2024 3,225  2025 3,275  2026 3,325  2027 3,425  Thereafter 16,250  Total $ 31,100  Future payments under these agreements are as follows: 2023 $ 24,362  2024 26,065  2025 13,748  2026 13,748  2027 13,748  Thereafter 4,583  Total $ 96,254

v3.23.2

Liquidity, Going Concern and Management Plans - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash, cash equivalents, restricted cash, and restricted cash equivalents	$ 299,656		$ 299,656		$ 343,226
Working capital deficit	30,500		30,500
Accumulated deficit	1,691,641		1,691,641		$ 1,558,088
Net loss from continuing operations	$ 54,209	$ 94,964	137,577	$ 223,327
ATM Offering
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Sale of stock, consideration received on transaction			116,900
Payments of stock issuance costs			$ 2,700
Number of shares issued in transaction			81,694,729
Sale of stock, price per share (in usd per share)	$ 1.46		$ 1.46

v3.23.2

Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash and cash equivalents	$ 293,515	$ 337,087
Restricted cash	6,141	6,139
Total cash, cash equivalents and restricted cash	$ 299,656	$ 343,226

v3.23.2

Summary of Significant Accounting Policies - Narrative (Details)	6 Months Ended
	Jun. 30, 2023 segment
Accounting Policies [Abstract]
Number of operating segments	1

v3.23.2

Summary of Significant Accounting Policies - Calculation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Basic loss per share:
Loss from continuing operations	$ (54,209)		$ (94,964)		$ (137,577)	$ (223,327)
Less: Net loss attributable to non-controlling interest	10	$ 11	150	$ 93	21	243
Loss from continuing operations available to common shareholders	(54,199)		(94,814)		(137,556)	(223,084)
Less: Income (Loss) from discontinued operations, net of tax	4,259		(21,310)		4,003	(33,764)
Net loss attributable to common shareholders	$ (49,940)		$ (116,124)		$ (133,553)	$ (256,848)
Shares used in computation:
Basic (in shares)	291,720,400		185,103,005		258,646,559	171,316,513
Diluted (in shares)	291,720,400		185,103,005		258,646,559	171,316,513
Basic loss per share from continuing operations (in dollars per share)	$ (0.19)		$ (0.51)		$ (0.53)	$ (1.30)
Diluted loss per share from continuing operations (in dollars per share)	(0.19)		(0.51)		(0.53)	(1.30)
Basic loss per share from discontinued operations (in dollars per share)	0.02		(0.12)		0.02	(0.20)
Diluted loss per share from discontinued operations (in dollars per share)	0.02		(0.12)		0.02	(0.20)
Basic loss per share (in usd per share)	(0.17)		(0.63)		(0.51)	(1.50)
Diluted loss per share (in usd per share)	$ (0.17)		$ (0.63)		$ (0.51)	$ (1.50)

v3.23.2

Summary of Significant Accounting Policies - Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	40,535,501	29,978,510
Warrants to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	166,670	3
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	19,192,053	15,854,229
Unvested restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	14,210,700	7,158,200
Convertible notes variable settlement feature
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	6,966,078	6,966,078

v3.23.2

Discontinued Operations - Net Loss From Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other income (expense)
Income (loss) from discontinued operations before income taxes	$ 4,259	$ (21,310)	$ 4,003	$ (33,764)
Income tax benefit	0	0	0	0
Net income (loss) from discontinued operations	4,259	(21,310)	4,003	(33,764)
Discontinued Operations | Fubo Gaming
Revenues
Total revenues	0	(182)	0	(483)
Operating expenses
Sales and marketing	0	2,630	(59)	6,264
Technology and development	0	2,883	17	5,590
General and administrative	481	4,655	746	10,192
Depreciation and amortization	0	109	0	215
Gain on extinguishment of liabilities	4,740	0	4,740	0
Impairment of goodwill, intangible assets, and other long-lived assets, net	0	10,682	33	10,682
Total operating expenses	(4,259)	20,959	(4,003)	32,943
Operating income (loss)	4,259	(21,141)	4,003	(33,426)
Other income (expense)
Interest expense and financing costs	0	(169)	0	(338)
Total other expense	0	(169)	0	(338)
Income (loss) from discontinued operations before income taxes	4,259	(21,310)	4,003	(33,764)
Discontinued Operations | Wagering | Fubo Gaming
Revenues
Total revenues	$ 0	$ (182)	$ 0	$ (483)

v3.23.2

Discontinued Operations- Narrative (Details) - Fubo Gaming - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal group, including discontinued operation, accrued expenses and other current liabilities	$ 24,700		$ 24,700
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on extinguishment of liabilities	$ 4,740	$ 0	$ 4,740	$ 0

v3.23.2

Revenue from Contracts with Customers - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 312,735	$ 222,072	$ 637,109	$ 464,392
Subscription
Disaggregation of Revenue [Line Items]
Total revenues	288,994	199,943	589,869	419,111
Subscription | United States and Canada (North America)
Disaggregation of Revenue [Line Items]
Total revenues	281,088	194,403	574,346	408,409
Subscription | Rest of world
Disaggregation of Revenue [Line Items]
Total revenues	7,906	5,540	15,523	10,702
Advertising
Disaggregation of Revenue [Line Items]
Total revenues	23,070	22,020	45,791	45,172
Advertising | United States and Canada (North America)
Disaggregation of Revenue [Line Items]
Total revenues	22,820	21,717	45,335	44,487
Advertising | Rest of world
Disaggregation of Revenue [Line Items]
Total revenues	250	303	456	685
Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 671	$ 109	$ 1,449	$ 109

v3.23.2

Revenue from Contracts with Customers - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Deferred royalty	$ 60,746	$ 65,370

v3.23.2

Property and equipment, net (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 9,741	$ 8,499
Less: Accumulated depreciation	(4,726)	(3,524)
Total property and equipment, net	$ 5,015	4,975
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years
Property, plant and equipment, gross	$ 523	441
Computer equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 4,019	2,922
Computer equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	3 years
Computer equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful Life (Years)	5 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 5,199	$ 5,136

v3.23.2

Property and equipment, net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation	$ 0.4	$ 0.3	$ 0.8	$ 0.6

v3.23.2

Intangible Assets and Goodwill - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible Assets	$ 283,145	$ 271,492
Accumulated Amortization	(116,738)	(99,660)
Net Balance	$ 166,407	$ 171,832
Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	9 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	2 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	2 years	2 years
Weighted Average Remaining Life (Years)	4 months 24 days	1 year 2 months 12 days
Intangible Assets	$ 32,609	$ 32,433
Accumulated Amortization	(30,748)	(28,421)
Net Balance	$ 1,861	$ 4,012
Trade names
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (Years)	5 years 7 months 6 days	6 years 2 months 12 days
Intangible Assets	$ 38,850	$ 38,837
Accumulated Amortization	(14,311)	(12,018)
Net Balance	$ 24,539	$ 26,819
Trade names | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	2 years	2 years
Trade names | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	9 years	9 years
Capitalized Internal Use Software
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	3 years	3 years
Weighted Average Remaining Life (Years)	2 years 4 months 24 days	2 years 4 months 24 days
Intangible Assets	$ 16,892	$ 8,487
Accumulated Amortization	(3,172)	(1,757)
Net Balance	$ 13,720	$ 6,730
Software and technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Life (Years)	5 years 7 months 6 days	6 years 1 month 6 days
Intangible Assets	$ 194,794	$ 191,735
Accumulated Amortization	(68,507)	(57,464)
Net Balance	$ 126,287	$ 134,271
Software and technology | Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	3 years	3 years
Software and technology | Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	9 years	9 years

v3.23.2

Intangible Assets and Goodwill - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Amortization of gaming licenses and market access fees	$ 8.5	$ 8.1	$ 16.9	$ 19.2
Goodwill, impaired, accumulated impairment loss	$ 148.1		$ 148.1
Maximum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	2 years		2 years
Minimum
Finite-Lived Intangible Assets [Line Items]
Useful Life (Years)	9 years		9 years

v3.23.2

Intangible Assets and Goodwill - Intangible Assets Amortization Expense (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 18,189
2024	32,289
2025	30,471
2026	27,993
2027	26,481
Thereafter	30,984
Total	$ 166,407

v3.23.2

Intangible Assets and Goodwill - Schedule of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 618,506
Foreign currency translation adjustment	2,570
Ending balance	$ 621,076

v3.23.2

Accounts Payable, Accrued Expenses, and Other Liabilities - (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Affiliate fees	$ 186,570	$ 218,367
Broadcasting and transmission	18,167	15,732
Selling and marketing	10,522	26,907
Accrued compensation	10,535	9,838
Legal and professional fees	3,676	3,712
Sales tax	43,656	37,934
Accrued interest	4,687	4,773
Subscriber related	3,780	3,101
Share settled liability	6,530	2,860
Other	7,419	9,708
Total	$ 295,542	$ 332,932

v3.23.2

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax benefit	$ 121	$ 355	$ 235	$ 758
Effective tax rate	0.22%	0.37%	0.17%	0.34%

v3.23.2

Notes Payable, Long-Term Borrowing, and Convertible Notes Notes - Schedule of Notes Payable and Long-Term Borrowings (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Feb. 02, 2021
Short-term Debt [Line Items]
Principal Balance	$ 406,930,000	$ 407,216,000
Capitalized Interest	3,267,000	2,957,000
Debt Discount	(7,138,000)	(8,406,000)
Long-term debt, gross	$ 403,059,000	$ 401,767,000
2026 Convertible Notes
Short-term Debt [Line Items]
Stated Interest Rate	3.25%	3.25%	3.25%
Principal Balance	$ 402,500,000	$ 402,500,000
Capitalized Interest	0	0
Debt Discount	(7,138,000)	(8,406,000)
Long-term debt, gross	$ 395,362,000	$ 394,094,000
Note payable
Short-term Debt [Line Items]
Stated Interest Rate	10.00%	10.00%
Principal Balance	$ 2,700,000	$ 2,700,000
Capitalized Interest	3,259,000	2,950,000
Debt Discount	0	0
Long-term debt, gross	5,959,000	$ 5,650,000
Bpi France
Short-term Debt [Line Items]
Stated Interest Rate		2.25%
Principal Balance	1,700,000	$ 1,986,000
Capitalized Interest	0	0
Debt Discount	0	0
Long-term debt, gross	$ 1,700,000	$ 1,986,000
Other
Short-term Debt [Line Items]
Stated Interest Rate	4.00%	4.00%
Principal Balance	$ 30,000	$ 30,000
Capitalized Interest	8,000	7,000
Debt Discount	0	0
Long-term debt, gross	$ 38,000	$ 37,000

v3.23.2

Notes Payable, Long-Term Borrowing, and Convertible Notes - Narrative (Details)		3 Months Ended	6 Months Ended		12 Months Ended
	Feb. 02, 2021 USD ($) $ / shares	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($) d	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Oct. 01, 2018 USD ($)
Short-term Debt [Line Items]
Amortization of debt discount			$ 1,268,000	$ 1,219,000
Principal Balance		$ 406,930,000	406,930,000		$ 407,216,000
Long-term debt, gross		403,059,000	403,059,000		401,767,000
Chief executive officer
Short-term Debt [Line Items]
Long-term debt, gross		$ 1,700,000	1,700,000
Debt instrument, periodic payment			$ 300,000		1,700,000
Molotov SAS
Short-term Debt [Line Items]
Debt interest rate		2.25%	2.25%
Principal Balance		$ 3,700,000	$ 3,700,000
Evolution AI Corporation EAI | Note payable
Short-term Debt [Line Items]
Debt interest rate						10.00%
Principal Balance						$ 2,700,000
Interest payable		3,000,000	3,000,000
Public stock offering
Short-term Debt [Line Items]
Sale of stock, consideration received on transaction	$ 389,400,000
2026 Convertible notes
Short-term Debt [Line Items]
Convertible notes payable	$ 402,500,000	$ 229,700,000	$ 229,700,000		$ 183,100,000
Debt interest rate	3.25%	3.25%	3.25%		3.25%
Payments of stock issuance costs	$ 13,100,000
Debt instrument, convertible, conversion price (in usd per share) | $ / shares	$ 57.78
Debt instrument, convertible, threshold trading days | d			20
Debt instrument, convertible, threshold consecutive trading days | d			30
Debt instrument, convertible, threshold percentage of stock price trigger			130.00%
Redemption price, percentage			100.00%
Interest expense		$ 6,500,000	$ 6,500,000
Amortization of debt discount		600,000	1,300,000
Principal Balance		402,500,000	402,500,000		$ 402,500,000
Long-term debt, gross		$ 395,362,000	$ 395,362,000		$ 394,094,000
2026 Convertible notes | Debt Instrument, Redemption, Period One
Short-term Debt [Line Items]
Debt instrument, convertible, threshold trading days | d			20
Debt instrument, convertible, threshold consecutive trading days | d			30
Debt instrument, convertible, threshold percentage of stock price trigger			130.00%
2026 Convertible notes | Debt Instrument, Redemption, Period Two
Short-term Debt [Line Items]
Debt instrument, convertible, threshold trading days | d			5
Debt instrument, convertible, threshold consecutive trading days | d			5
Debt instrument, convertible, maximum percentage of product of sales price and conversion rate			98.00%
Note payable
Short-term Debt [Line Items]
Debt interest rate		10.00%	10.00%		10.00%
Principal Balance		$ 2,700,000	$ 2,700,000		$ 2,700,000
Long-term debt, gross		$ 5,959,000	$ 5,959,000		$ 5,650,000
Other
Short-term Debt [Line Items]
Debt interest rate		4.00%	4.00%		4.00%
Principal Balance		$ 30,000	$ 30,000		$ 30,000
Long-term debt, gross		38,000	38,000		$ 37,000
Bpi France
Short-term Debt [Line Items]
Debt interest rate					2.25%
Principal Balance		1,700,000	1,700,000		$ 1,986,000
Long-term debt, gross		$ 1,700,000	$ 1,700,000		$ 1,986,000
Bpi France | Molotov SAS
Short-term Debt [Line Items]
Debt interest rate		2.25%	2.25%

v3.23.2

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial assets at fair value:
Total financial assets at fair value	$ 249,960	$ 50,010
Money Market Funds
Financial assets at fair value:
Cash and cash equivalents	249,960	50,010
Fair Value, Inputs, Level 1
Financial assets at fair value:
Total financial assets at fair value	249,960	50,010
Fair Value, Inputs, Level 1 | Money Market Funds
Financial assets at fair value:
Cash and cash equivalents	249,960	50,010
Fair Value, Inputs, Level 2
Financial assets at fair value:
Total financial assets at fair value	0	0
Fair Value, Inputs, Level 2 | Money Market Funds
Financial assets at fair value:
Cash and cash equivalents	0	0
Fair Value, Inputs, Level 3
Financial assets at fair value:
Total financial assets at fair value	0	0
Fair Value, Inputs, Level 3 | Money Market Funds
Financial assets at fair value:
Cash and cash equivalents	$ 0	$ 0

v3.23.2

Fair Value Measurements - Narrative (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Warrant Liability	$ 0	$ 0

v3.23.2

Shareholders’ Equity - Narrative (Details) $ / shares in Units, $ in Thousands									3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 15, 2023 $ / shares	May 09, 2023 USD ($) shares	Apr. 20, 2023 $ / shares shares	Nov. 20, 2022 shares	Aug. 12, 2022 $ / shares shares	Aug. 04, 2022 USD ($)	Nov. 03, 2021 USD ($) shares	Aug. 13, 2021	Jun. 30, 2023 USD ($) $ / shares shares	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($) shares	Mar. 31, 2022 USD ($)	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) shares	Dec. 31, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock, net of offering costs									$ 10,855	$ 106,057	$ 16,392	$ 203,796
Business days within start of effective date													10 days
Class of warrant or right, number of shares called by warrants or rights | shares					166,667
Class of warrant or right, exercise price of warrants or rights (in usd per share) | $ / shares					$ 15.00
Number of trading days													30 days
Class of warrant or right, weighted average closing share price (in usd per share) | $ / shares													$ 30.00
Warrants and rights outstanding, term									1 year 8 months 12 days				1 year 8 months 12 days
Share-based payment arrangement, expense									$ 13,056		$ 12,864		$ 26,744	$ 30,291
Share-based compensation arrangement by share-based payment award, options, grants in period, gross (in shares) | shares											0		636,298	0
Share-based compensation arrangements by share-based payment award, options, grants in period, weighted average exercise price (in usd per share) | $ / shares													$ 2.02
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount									6,200				$ 6,200
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition													1 year 9 months 18 days
Performance period													5 years
Number of shares issued upon vesting of restricted stock units | shares													186,667
Chief executive officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, options, grants in period, gross (in shares) | shares													636,298
Warrant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Class of warrant or right, outstanding | shares					400,000
Share-based payment arrangement, expense									100				$ 100
Share-based payment arrangement, nonvested award, cost not yet recognized, amount									200				200
Total Intrinsic Value									0				$ 0		$ 0
Weighted Average Remaining Contractual Life (Years)													9 years 1 month 6 days		9 years 7 months 6 days
Share-Based Payment Arrangement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, options, vested in period, fair value													$ 800
Share-based compensation arrangements by share-based payment award, options, grants in period, weighted average exercise price (in usd per share) | $ / shares	$ 2.02
Market and service condition based options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, nonvested award, cost not yet recognized, amount									1,900				$ 1,900
Share-based compensation arrangement by share-based payment award, options, grants in period, gross (in shares) | shares													0	0
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense													$ 100
Share-based compensation arrangement by share-based payment award, options, grants in period, gross (in shares) | shares			4,100,000
Share-based compensation arrangement by share-based payment award, options, vested in period, fair value													$ 1,200
Share-based compensation arrangement by share-based payment award, options, vested, number of shares | shares													820,000
Grants in period, weighted average grant date fair value (in usd per share) | $ / shares			$ 10.00
Options, nonvested, number of shares | shares			3,280,000
Performance shares | Measurement Input, EBITDA Multiple
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage			50.00%
Performance shares | Measurement Input, Revenue Criteria
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage			25.00%
Performance shares | Measurement Input, Subscribers Achieved
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage			25.00%
Stock Options And Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, accelerated cost													$ 0	$ 1,800
Service-Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense													23,000
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount									16,200				$ 16,200
Granted (in shares) | shares													1,600,000
Share-based payment arrangement, expense, after tax									1,900				$ 3,800
Service-Based Restricted Stock Awards | Accrued Expenses And Other Current Liabilities And Other Long-Term Liabilities
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount									4,700				4,700
Performance-Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense									700				$ 1,400
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition													2 years
Granted (in shares) | shares													400,000
Share-based payment arrangement, nonvested award, excluding option, cost not yet recognized, amount									5,700				$ 5,700
Total Intrinsic Value									3,200				3,200
Performance-Based Restricted Stock Awards | Accrued Expenses And Other Current Liabilities And Other Long-Term Liabilities
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount									1,800				$ 1,800
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares													3,173,553
Restricted stock units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount									51,100				$ 51,100
Total Intrinsic Value									26,500				$ 26,500
Award vesting period													4 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value													$ 7,000
Weighted Average Remaining Contractual Life (Years)													3 years
Performance based restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense									2,500		$ 3,300		$ 5,700	$ 11,000
Share-based payment arrangement, nonvested award, option, cost not yet recognized, amount									$ 35,800				$ 35,800
Granted (in shares) | shares							1,900,000						243,446
Award vesting period													5 years
Share based compensation arrangement by share based payment award non options granted in period fair value		$ 500					$ 64,400
Shares received at target performance | shares		730,338
Shares received at maximum performance | shares		1,095,507
Framework Agreement - Projects
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period, shares, percentage													0.80
Framework Agreement - Network
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period, shares, percentage													0.20
2020 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of additional shares authorized | shares			17,500,000	2,500,000
2015 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares available for grant | shares									0				0
2022 Inducement Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares available for grant | shares									0				0
Share-based Payment Arrangement, Period One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Collaborative agreement, common shares determination, basis amount													$ 10,000
Collaborative agreement, common shares determination, weighted average closing price trading day period													30 years
Stock issued during period, other, effective date anniversary business days period													10 years
Share-based Payment Arrangement, Period One | Service-Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense													$ 7,000
Share-based Payment Arrangement, Period One | Performance-Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense													1,700
Share-based Payment Arrangement, Period Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Collaborative agreement, common shares determination, basis amount													$ 10,000
Collaborative agreement, common shares determination, weighted average closing price trading day period													30 years
Stock issued during period, other, effective date anniversary business days period													10 years
Share-based Payment Arrangement, Period Two | Service-Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense													$ 8,000
Share-based Payment Arrangement, Period Two | Performance-Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense													2,000
Share-based Payment Arrangement, Period Three | Service-Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense													$ 8,000
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition													3 years
Share-based Payment Arrangement, Period Three | Performance-Based Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense													$ 2,000
Restricted Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock issued during period, shares, other | shares					2,000,000
2022 ATM Offering
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sale of stock, consideration received on transaction													116,900
Payments of stock issuance costs													$ 2,700
Number of shares issued in transaction | shares													81,694,729
Sale of stock, price per share (in usd per share) | $ / shares									$ 1.46				$ 1.46
Sale of stock, shares remaining to be sold, amount									$ 156,300				$ 156,300
Evercore Group LLC Needham and Company LLC and Oppenheimer and Co Inc | Sales agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance of common stock, net of offering costs						$ 350,000
Commission rate percentage								3.00%

v3.23.2

Shareholders’ Equity - Schedule of Warrants Activity (Details) - Warrant - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Number of Shares
Beginning balance (in shares)	166,670
Ending balance (in shares)	166,670	166,670
Weighted Average Exercise Price
Beginning balance (in usd per share)	$ 17.40
Ending balance (in usd per share)	$ 17.40	$ 17.40
Total Intrinsic Value	$ 0	$ 0
Weighted Average Remaining Contractual Life (Years)	9 years 1 month 6 days	9 years 7 months 6 days

v3.23.2

Shareholders’ Equity - Schedule of Recognized Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 13,056	$ 12,864	$ 26,744	$ 30,291
Subscriber related
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	57	36	109	76
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	5,990	4,334	12,663	13,068
Technology and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	2,980	2,659	6,022	5,110
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 4,029	$ 5,835	$ 7,950	$ 12,037

v3.23.2

Shareholders’ Equity - Schedule of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Number of Shares
Outstanding at beginning of period (in shares) | shares	10,243,772
Exercised (in shares) | shares	(190,488)
Forfeited or expired (in shares) | shares	(50,826)
Outstanding at end of period (in shares) | shares	10,638,756	10,243,772
Options vested and exercisable (in shares) | shares	8,693,067
Weighted Average Exercise Price
Weighted average exercise price, beginning balance (in usd per share) | $ / shares	$ 6.43
Exercised (in usd per share) | $ / shares	0.50
Forfeited or expired (in usd per share) | $ / shares	10.48
Weighted average exercise price, ending balance (in usd per share) | $ / shares	6.25	$ 6.43
Options vested and exercisable (in usd per share) | $ / shares	$ 6.13
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Total Intrinsic Value | $	$ 2,385	$ 1,956
Options vested and exercisable, intrinsic value | $	$ 2,347
Weighted Average Remaining Contractual Life (Years)	5 years 9 months 18 days	6 years
Options vested and exercisable, weighted average remaining contractual term	5 years 4 months 24 days
Market and service condition based options
Number of Shares
Outstanding at beginning of period (in shares) | shares	4,453,297
Outstanding at end of period (in shares) | shares	4,453,297	4,453,297
Options vested and exercisable (in shares) | shares	3,994,964
Weighted Average Exercise Price
Weighted average exercise price, beginning balance (in usd per share) | $ / shares	$ 12.75
Weighted average exercise price, ending balance (in usd per share) | $ / shares	12.75	$ 12.75
Options vested and exercisable (in usd per share) | $ / shares	$ 11.96
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Total Intrinsic Value | $	$ 0	$ 0
Options vested and exercisable, intrinsic value | $	$ 0
Weighted Average Remaining Contractual Life (Years)	4 years 2 months 12 days	4 years 8 months 12 days
Options vested and exercisable, weighted average remaining contractual term	4 years 1 month 6 days

v3.23.2

Shareholders’ Equity - Weighted Average Assumptions (Details) - Share-based payment arrangement, option	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%
Expected price volatility	49.80%	49.80%
Risk free interest rate	3.90%	3.90%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term	6 years	6 years

v3.23.2

Shareholders’ Equity - Schedule of Restricted Stock Unit Activity (Details) - $ / shares		6 Months Ended
	Nov. 03, 2021	Jun. 30, 2023
Restricted stock
Number of Shares
Unvested at beginning of period (in shares)		13,055,629
Granted (in shares)		3,173,553
Vested (in shares)		(791,181)
Forfeited (in shares)		(2,710,747)
Unvested at end of period (in shares)		12,727,254
Weighted Average Exercise Price
Unvested at beginning of period (in usd per share)		$ 5.25
Granted (in usd per share)		2.19
Vested (in usd per share)		8.15
Forfeited (in usd per share)		3.57
Unvested at end of period (in usd per share)		$ 4.66
Performance based restricted stock units
Number of Shares
Unvested at beginning of period (in shares)		1,520,000
Granted (in shares)	1,900,000	243,446
Vested (in shares)		(186,667)
Forfeited (in shares)		(93,333)
Unvested at end of period (in shares)		1,483,446
Weighted Average Exercise Price
Unvested at beginning of period (in usd per share)		$ 33.87
Granted (in usd per share)		2.20
Vested (in usd per share)		33.87
Forfeited (in usd per share)		33.87
Unvested at end of period (in usd per share)		$ 28.67

v3.23.2

Commitments and Contingencies - Schedule of Operating Leases (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 1,537,000	$ 1,432,000	$ 2,969,000	$ 2,866,000
Other lease cost	103,000	95,000	158,000	145,000
Operating lease expense	1,640,000	1,527,000	3,127,000	3,011,000
Short-term lease rent expense	66,000	57,000	132,000	103,000
Total rent expense	$ 1,706,000	$ 1,584,000	$ 3,259,000	$ 3,114,000

v3.23.2

Commitments and Contingencies - Schedule of Supplemental Cash Flow Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Operating cash flows from operating leases	$ 1,486,000	$ 443,000	$ 2,233,000	$ 542,000
Right of use assets exchanged for operating lease liabilities	$ 3,062,000	$ 0	$ 3,062,000	$ 4,312,000
Weighted average remaining lease term - operating leases	10 years 6 months	11 years 2 months 12 days	10 years 6 months	11 years 2 months 12 days
Weighted average remaining discount rate - operating leases	7.90%	7.30%	7.90%	7.30%

v3.23.2

Commitments and Contingencies - Schedule of Future Minimum Payments for Operating Leases (Details)	Jun. 30, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2023	$ 3,440,000
2024	7,401,000
2025	7,113,000
2026	6,011,000
2027	4,831,000
Thereafter	36,141,000
Total	64,937,000
Less present value discount	(21,439,000)
Operating lease liabilities	$ 43,498,000

v3.23.2

Commitment and Contingencies - Market Access Agreements (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Annual Sponsorship Agreements Member
Loss Contingencies [Line Items]
2023	$ 1,600,000
2024	3,225,000
2025	3,275,000
2026	3,325,000
2027	3,425,000
Thereafter	16,250,000
Total	31,100,000
Sports Rights Agreements Member
Loss Contingencies [Line Items]
2023	24,362,000
2024	26,065,000
2025	13,748,000
2026	13,748,000
2027	13,748,000
Thereafter	4,583,000
Total	$ 96,254,000

v3.23.2

Commitments and Contingencies - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($) plantiff
Loss Contingencies [Line Items]
Number of plaintiffs	1
Fubo Gaming Dissolution
Loss Contingencies [Line Items]
Number of related plaintiffs	2
Prepaid expenses and other current assets
Loss Contingencies [Line Items]
Prepaid contracts | $	$ 16.1

---