Discontinued Operations

3 Months Ended

Mar. 31, 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 months ended March 31, 2023 and 2022:

	Three Months Ended March 31,
	2023		2022
Revenues
Wagering	$	—	$	(301)
Total revenues	—		(301)
Operating expenses
Sales and marketing	(59)		3,634
Technology and development	17		2,707
General and administrative	265		5,537
Depreciation and amortization	—		106
Impairment of goodwill, intangible assets, and other long-lived assets, net	33		—
Total operating expenses	256		11,984
Operating loss	(256)		(12,285)
Other income (expense)
Interest expense and financing costs	—		(169)
Total other expense	—		(169)
Net loss	$	(256)	$	(12,454)

As of March 31, 2023, the balance sheet of discontinued operations consisted primarily of accounts payable, accrued expenses and other current liabilities of $29.5 million, primarily related to contract termination costs.