Thank you for joining us to discuss fuboTV's fourth quarter and full year 2020. With me today is David Gandler, CEO and co-founder of Fubo, and Simone Nardi, CFO of Fubo. Before we begin, let me quickly review the format of today's presentation. David is going to start with some brief remarks on the quarter and Fubo's strategy, and Simone will cover the financials and guidance. I'm going to turn the call over to the analysts to dig into Q&A. Before we begin, I'd like to remind everyone that this call may contain forward-looking statements, including statements about revenue, non-GAAP net loss and adjusted EBITDA, subscribers, recent acquisitions, development of a wagering offering, and other non-historical statements as further described in our press release. These forward-looking statements are subject to certain risks, uncertainties, and assumptions, including those related to Fubo's growth, evolution of our industry, product development and success, our ability to realize the anticipated benefits of recent acquisitions, our access to capital and fundraising prospects to fund our ongoing operations, our ability to capitalize on market trends and develop and market a wagering offering, and general economic and business conditions, such as effects of industry market, economic, political, or regulatory conditions, future exchange and interest rates, and changes in taxes and other laws, regulations, rates, and policies, including the impact of COVID-19 on the broader market. These statements reflect our current expectations based on our beliefs, assumptions, and information currently available to us. Although we believe these expectations are reasonable, we undertake no obligation to revise any statements to reflect changes that occur after this call. Description of these and other risks that could cause actual results to differ materially from these forward-looking statements are discussed in our reports filed with the SEC, including our most recent quarterly and annual reports and our press release that was issued this afternoon. During the call, we also referred to certain non-GAAP financial measures. These non-GAAP measures should be considered in addition to and not as a substitute for or an isolation from our GAAP results. Reconciliations with the most comparable GAAP measures are also available in the press release, which is available at ir.fubo.tv. With that, I'll turn it over to David. Thank you, Brinley, and thank you all for joining us today. I am very excited to present to you our Q4 and full year 2020 results. The company has exceeded previously raised guidance with solid growth in revenue, subscription, and viewership. Our mission is to provide the world's most thrilling sports-first live TV experience with the greatest breadth of premium content, interactivity, and wagering. We believe Fubo sits firmly at the intersection of three mega trends, the secular decline of traditional television, the shift of TV ad dollars to connected devices, and online sports wagering, a market opportunity we believe to be complementary to our sports-first live TV streaming platform. Fourth quarter revenues were up 98% year-over-year, exceeding for the first time $100 million of quarterly revenue. For those who are new to fuboTV, top-line revenue consists of two primary revenue streams, subscription revenue, which was up 91% year-over-year from $47.9 million to $91.4 million, and advertising revenue, which was up 157% year-over-year from $5.1 million to $13.1 million. Paid subscribers at quarter end totaled 547,880, and that's an increase of 73% year-over-year. Given our sports-first differentiated position, we experienced continued momentum from the start of the fall sports calendar, that was back in Q3, and throughout Q4, adding an impressive 92,800 net additions in the fourth quarter, and that's up 237% from the prior year. Sports draws premium audiences, and advertisers are increasingly coming to us to reach highly engaged viewers. For the full year, advertising revenue grew to represent 11% of total revenues, compared to 8% in the prior year, helping to contribute to a record adjusted contribution margin of 11.7% in the fourth quarter. That's up 1,100 basis points from the prior year. We believe our sports-focused market position will help to further grow our business. Our KPIs continue to improve. In 2020, average revenue per user per month increased 17% year-over-year to $62.84. Annualized ARPU increased by $109 to $754 per customer per year. Within that annualized ARPU of $754, we grew advertising ARPU to $81.76 per customer per year. That's an increase of 54% year-over-year, largely driven by an increase in per user engagement and investments in our advertising operations. Our customers continue to be our number one focus, and we continue to invest in our proprietary data to surface relevant content for our subscribers, driving engagement and retention. Our customers streamed over half a billion hours in 2020. That's an 82% increase year-over-year. Equally noteworthy, customers streamed an average of 7.2 hours of Fubo per day, indicating that we own significant timeshare in households. Over the long term, we believe this level of daily engagement will provide numerous opportunities for us to further expand monetization on the platform. We continue to invest in our product and into expanding access to more streaming devices such as Samsung TV and Xbox. In fact, churn improved 56 basis points year-over-year in the fourth quarter, and for the full year, churn improved over 200 basis points over the prior year. Only one quarter ago, I announced our intent to expand Fubo into the online sports wagering market. I am very pleased to finally report that we have officially closed our acquisition of sports betting and interactive gaming company, Vigtory. This acquisition enables us to accelerate the launch of our owned and operated sports betting platform called Fubo Sportsbook. We've secured our first market access deal for our Sportsbook in Iowa through Casino Queen. In connection with our launch in Iowa, we are also excited to announce agreements with Major League Baseball and the NBA to become authorized gaming operators for each league. These agreements will provide access to official data and the rights to MLB and NBA league marks and logos within the Fubo Sports app once it's rolled out. In addition to our Sportsbook, free-to-play predictive games mark the beginning of Fubo's innovative gaming roadmap. We believe it will enhance the sports streaming experience while also providing a bridge between our video product and our sportsbook. We expect the integration of gaming with our expansive live sports coverage will create a flywheel that improves engagement and retention, and consequently, drives advertising revenue. In the third quarter of 2021, we plan to launch free gaming, first to fuboTV subscribers and later to all consumers. In the fourth quarter of this year, we expect to launch the Fubo Sportsbook. We don't see wagering simply as an add-on product to fuboTV. Instead, we believe there are significant synergies between streaming consumers who enjoy wagering and wagering customers who enjoy streaming live sports. In 2021 and beyond, we are laser-focused on bringing to life our vision of a streaming platform that transcends the industry's current virtual MVPD model and experience. In conclusion, we are very proud of our 2020 results, and as you've seen from our shareholder letter, we are raising our 2021 guidance we laid out for you last quarter. The team is focused on delivering the best streaming experience to our customers, which will drive top-line growth. The power of our model will enable us to further our progress on our path to profitability. In 2021, we will continue to expand the breadth of our sports programming while introducing interactivity and wagering to further differentiate our service in the marketplace. Now I'll pass it over to Simone to discuss our 2020 financial highlights and guidance for 2021. Simone? Thank you, David, good evening, everyone. Our strong performance in the fourth quarter exceeded our outlook and capped off a great year for Fubo. We executed well and delivered record results. Before taking your questions, I will walk you through a few financial highlights and discuss our guidance for 2021. In the fourth quarter, we grew total revenue to $105 million, an increase of 98% year-over-year compared to fuboTV pre-merger. This growth was driven by continued strength in both subscription revenue, which increased 91%, and advertising revenue, which increased 157%. It accounted for 12.4% of total revenue in the quarter. Revenue for the full year was $269 million on a pro forma combined basis, or $261.5 million excluding FaceBank AG, an increase of 78% compared to fuboTV's pre-merger 2019. Subscription revenue increased 73%, and advertising revenue was up 133%, accounting for 11% of total revenue in 2020. We continue to focus on both the top-line revenue growth as well as advancing on our path to strong, sustainable adjusted contribution margin in the long term. On a full-year basis, we reported a 10.1% positive adjusted contribution margin, up from -3.1% in 2019. We believe that over the long term, we're well-positioned to continue to drive year-over-year expansion. After our successful registered public offering in October 2020 and our listing to the NYSE, we further strengthened our balance sheet in February with the issuance of $402.5 million of senior convertible notes. With a strong balance sheet, we plan to accelerate the investment in our team and further build our product development to continue to position the company for long-term growth. More broadly, in 2021, we will continue to be focused on investing in and executing on our growth strategies, which include growing our subscriber base, increasing advertising revenues, and expanding into sports wagering. Moving to our guidance, after our strong performance in 2020, we are excited about our outlook for 2021. Although we are very optimistic for what is in store for our future wagering business, our guidance does not include any potential wagering revenue at this point in time. Also, a comparison of guidance to prior year will refer to the combined pro forma fuboTV FaceBank 2020 numbers, excluding FaceBank AG, a business that we sold last year. For the first quarter of 2021, we expect revenue between $101 and $103 million. These represent a growth of 100% year-over-year at the midpoint of the range and reflects the typical seasonality between Q4 and Q1. Historically, Q1 has been softer than Q4 when viewed sequentially on revenue as well as adjusted contribution margin. Similarly, we're guiding to Q1 end-of-the-period subscribers of 520,000-530,000. This represents growth of 82% year-over-year at the midpoint. For the full year, we're guiding to year-end subscribers of 760,000-770,000, an increase of 40% year-over-year at the midpoint of the range we provided. This strong subscriber growth, combined with increasing expansion in advertising revenue, give us confidence to increase our 2021 revenue guidance to $460 million-$470 million, up over 75% year-over-year. This is up also from our previous guidance of $415 million-$435 million. In conclusion, we are very excited about our growth opportunities and remain focused on driving long-term expansion and profitability. Brinley will now open it up for questions. Thank you, Simone. At this time, we're going to turn the call over to our analysts for a Q&A session. Please try to limit yourself to two questions so we have enough time for everybody to participate. Our first question comes from Laura Martin of Needham. Laura, please go ahead. Hi there. Great quarter, you guys, and great outlook. Let's start with gaming and talk about the question I get most often from investors. The shareholder letter says that ultimately you want to integrate wagering into Fubo's live TV product. My question is, after you work out the bugs of integrating into Fubo, are you willing to license this tech to either use it as a negotiating leverage to get content at a cheaper price from people like Comcast, who could use it in their book of business, or actually license it to people like Charter, that's sort of a big bundle and I don't really view as a competitor to virtual MVPD? Well, thank you, Laura. Great question. We do get this question often as well. From our perspective right now, we're very focused on our direct-to-consumer business. We're trying to build a service that allows us to take advantage of the synergies on both the video and on the wagering side. At the moment, we're building a team that is really focused on adapting to the current video product. For the foreseeable future, we'll probably focus on our direct-to-consumer business. I don't want to close the door to potential opportunities to work with other MVPDs. Estimates. One of the use of proceeds from our October IPO was the fact that you were going to hire a lot of salesmen to try to get the CPM up from $20, which is like the programmatic CTV. Right cost per thousand to 30. Could you talk about your progress there and where you think you'll end the year in terms of cost per thousand for advertising? Yeah. First of all, we've done a tremendous job very quickly building up our advertising capabilities from Q3 through Q4. As you saw from the shareholder letter, we finished the year with $8.50 of ad ARPU, well above what we did even in the third quarter. As you recall, political took up about 15% of that revenue, so we're able to replace that quite nicely. We continue to hire on the direct side and building up our sponsorship capabilities. At the moment, we're still focused on programmatic. What's interesting about that is we have significant upside. If you think about our CPMs are still in this sort of $20-$22 range, which gives us, again, enormous upside. We've really been focused on fill, and just given the engagement levels that we're seeing, we're starting to see actually more inventory, which is helping us take our time building out our team. Thanks very much. Great [quarter], you guys. Thank you. Thank you, Laura. Our next question comes from Kevin Rippey of Evercore. Kevin, nice to see you. Thanks for taking the question, guys. I guess my main one is, as it relates to the revenue guidance you guys laid out for next year, can you give us maybe a little bit more granularity about your expectation for subscription ARPU relative to advertising? Do you want me to start? Yeah, I can. Okay. Kevin, first of all, thank you for that. I think the way you should think about 2021 is similar to the way we finished 2020. If you look at our subscriber growth, subscriber ARPU grew at about 13%, and advertising ARPU grew at 52%. Given the strength in the advertising business, coupled with advertiser desire to access connected devices, and then layered on top of that addressability, we're very confident that we'll continue to grow our advertising revenue well ahead of our subscription revenue on a per user basis. Yeah. Just to add on top of what David just mentioned, we closed 2019 with advertising revenue roughly at 8% of total revenue. 2020, we increased that to 11%, and we definitely see advertising to become a more prominent part of our business in the longer term. Yeah. The tailwinds are very strong right now. Got it. Thanks. Just on the subscriber growth guidance you guys have given, can you give maybe a little granularity about expectations around gross addition relative to further churn improvements? Yeah. As you've seen our guidance, we're projecting in Q1 a little of the seasonality kicking in and kind of bringing us less, a little flat or a little down compared to Q4 2020. This is a much lower reduction than we experienced last year, and we continue to assess opportunity to increase this number and look at how to mitigate the seasonality. On a longer term, we're still projecting a strong growth in our subscriber that we've seen. As you know, we're laser focused on addressing opportunities to drive efficiently the marketing push to return subscriber growth that allow us to deliver improved results. Yeah. Just to add to that, Kevin, 2019, the slope at which we deteriorated from Q4 to Q1 was roughly about 9%. This year, we are projecting to be about 4% below Q4, and that was a very strong fourth quarter. We're very happy about the early trends in January. Obviously, we're not done with the quarter yet, but momentum was strong. We feel very good, and that allowed us to sort of take up our guidance a little bit. Great. Thanks, guys. Thank you. Thank you, Kevin. Our next question comes from Jason Helfstein of Oppenheimer. Jason, go ahead. Thanks. I'll ask you first on the video, maybe help us a little bit how you're thinking about 2022 non-GAAP contribution profit, maybe just perhaps in a margin range. Then second, I think Iowa recently ended in-person registration around online sports betting. How does that impact your outlook, and does it allow you to get to market faster? Thanks. Thank you, Jason. Adjusted contribution margin, we don't provide guidance at this point about these metrics, but we are clearly very focused on expanding our business, focusing on growth, with an eye to ensure that we continue to improve in our path to profitability, delivering a year-over-year improvement of our margins. Our sequentiality can change given the seasonality. On a year-over-year basis, we continue to grow the business and return more value to the shareholder. Knowing, though, however, that between wagering and potentially other alternative acceleration opportunities, we may decide to invest further and more quickly in the next few quarters to accelerate the future growth. Then on the Iowa question- Sorry, go ahead, Jason, I couldn't hear that second part of your question. Oh, sure. Iowa recently ended in-person registration for online gaming, which would make it easier to build a business there. As you just talk about, how does that impact your outlook, and do you think you can kind of come to market there maybe sooner now that that policy changed? Yeah. Obviously, I'm not prepared to comment on policy. I will say that we have embraced regulation. We've already taken a few calls and we're, again, very excited about the space. We're very excited about our acquisition of Vigtory and Scott Butera and Sam Rattner joining our team. We've been very focused on figuring out what are the areas in which we want to focus. What I can say is what I've found to be really compelling is the number of crossover synergies that I didn't even realize, particularly around incentives, which is an area that we're going to be very focused on. Right now our goal is to potentially get to between one and three markets before the end of this year. Based on what we're seeing and sort of the interest levels from some of the potential partners, and some of the commentary that we've received from regulators, we feel really good about the space. Thank you. Thank you, Jason. Our next question comes from Dan Salmon of BMO. Dan, go ahead, please. All right. Good evening, everyone. Maybe just follow up on the questions about the improvement in churn and just more directly ask, what would you count as your top two to three contributors to the improvement in churn? Everything from an improved lineup to focusing on higher-value customers. Where are you seeing the levers really help drive that improvement? Just the second, on the advertising side, my question is, do you expect to launch a self-serve ad platform in 2021? Where does that stand on your list of product roadmaps for the advertising business? Thanks. Yeah. Thank you, Dan. On engagement, I have to say the team has done a phenomenal job in Q4, really attracting subscribers that are high value, that are very sticky. When we look across our engagement metrics, we see increased viewership, 127 hours. We also see increased number of daily active users. We've seen an increase in the number of programs people are watching on average in 2020. We've gotten to 154 programs per customer. We feel very good about the types of customers we're attracting. We feel good about the bundles that we're selling, which have much higher attachment rates. Attachment rates have increased by 3x from the prior year. That is obviously adding to strong engagement numbers. What's interesting is when we look at our 12-month retention cohort, we see a very solid lift there. That's why we're starting to get really comfortable with our position in the marketplace. To your second question, if you could just repeat that. We didn't hear that well. Self-serve advertising. Where does that stand on the roadmap? Yeah, look, I think that, first of all, our advertising revenue is quite strong, even relative to where we were just six months ago. The three levers that move our ad ARPPU per customer is really about fill rate, number one. Number two is the number of hours that people are watching, which is increasing. Then the CPM. When you think about the fact that we're able to get to $8 and roughly $0.50 per customer, we feel that we're not really in a position to focus on a self-serve platform. I think once we start to exceed $10, $11, or $12, it probably makes more sense to focus resources in an area where we can maximize our advertising revenue. We're not there yet, but that's a good thing, of course, because we've got a lot more monetization ahead. Thank you. Thank you, Dan. Thank you. Our next question comes from Darren Aftahi from Roth Capital. Go ahead. Hi, David and Simone. Congrats on the quarter. Two questions, if I may. First, you added a fair amount of gross subs in the second half of the year. I'm just kind of curious, two months in, how retention of that is looking from that cohort. David, on prior calls, you guys have talked about use of AI and being thematic in 2021. I'm kind of curious your plans in using AI in conjunction with all the vast amount of data you have on your sub base to improve results. Thanks. Why don't I start from, I think the second question was on AI. Look, we are very excited about data in general. As you know, we collect about 22 billion data points per month, and we've really invested into our BI team and machine learning. As you can see from the engagement hours that continue to increase, we do a good job surfacing content for our users at the right content at the right time. The interesting thing about that is we think we can leverage that data for wagering as well. We think that there's a lot of areas in which where our video team can support the wagering group in really driving a lot of engagement. We're going to be very focused on machine learning in 2021. We're very happy where we are today, and just some early data points in January. The quarter, at least in January, is looking pretty solid. Again, we had a nice sports quarter with college football. Then, most recently, we had the Super Bowl. So the numbers are there looking strong, and we think we have enough audience to really build some really solid algorithms to really surface the right content. Then over the long haul, surface the right potential betting opportunities as well. We're thinking about this actually holistically, and we're very excited about it. To the first part of your question, I don't know, Simone, you want to answer that? The second half of the year for us, Darren Aftahi, as you know, is where we get the majority of the step growth. We added 262,000 net adds in Q3 and Q4 last year as well. Consistently, we invested in marketing to drive this growth. We actually seen already from the behavior of these new additions that they're actually quite engaged and they're showing very promising and interesting attachment and engagement to the platform. Quite pleased with that one. Again, clearly, the first half of the year is more of a consolidation phase. As I mentioned before, we're going to work on solutions to improve that situation as well. Great. Thank you. Thank you. Thank you. Thank you, Darren. Our next question comes from David Beckel of Berenberg. Welcome, David. Hey. Thanks a lot for the questions. Appreciate it. Yeah. How are you, David? Hey, I'm doing well, thanks. Two sort of questions on the spending side. Appreciate the revenue guidance, of course. Particularly as it relates to 2021, I think you mentioned you plan on expanding the breadth of the sports offering. If I heard that correctly, does that imply the addition of specific types of sports content that you don't currently have? If so, I assume that you plan to expand the top line enough to continue to grow contribution margin. Secondarily, I was hoping you could expand a little bit on how quickly and in what direction you plan on spending the $400 million-plus that you just raised, and any sort of framework or guidelines you could provide on a rough sort of EBITDA number would be really helpful. Why don't I take the first part of the question around content. Look, our job is to continue to optimize our packaging. When we say expand the breadth of sports, as you recall, in 2020, we decided to work with Disney, and allowed our Turner deal to expire. You should think of it as we are going to be very measured and very disciplined as we have been throughout the year. That goes for everything that we do here at fuboTV. We will be looking for opportunities for us to expand the breadth of content that our current subscribers really enjoy. On the second? Yeah, to add on that point, on a margin basis, David, as you know, we don't provide guidance on the specific metrics at this stage. As you've seen in Q4, our subscription-related expenses, that is including our content cost and mainly represent our content cost, was 86% of the total revenue, showing the benefits of the strategy of growing advertising, expanding advertising, upselling, and expanding our business that way. In reality, that 86% is kind of 90% once cleaned up from some unusual items. Now, clearly, that is moving in the right direction. It's not going to be something that's going to be there every quarter consistently. On a longer term, the disciplined approach on growing advertising and monetization and controlling and optimizing the content offering will help us to continue to deliver improvement over the long term in our margin. In terms of the adjusted EBITDA, we don't get yet at that level in terms of our guidance. We'll deliver more when we get close to the quarters. Great. Thank you. Thank you, David. Thank you, David. Thank you, David. Our final question comes from James Goss of Barrington. Nice to see you, James. Nice to see you. A couple questions. First, in terms of sports wagering, I was wondering if you feel you need any more acquisitions, or do you feel like the current platform and people provide you with the capabilities of growing organically, now that you have those in place and can grow with those? Secondly, ViacomCBS had a meeting the other night, as I'm sure you're aware, and they talked a lot about Pluto TV, their AVOD service, and also the incorporation of more live sports in terms of what they plan to be providing in their $4.99 and $9.99 packages. I'm wondering if you view those as competitive alternatives and threats? you feel you need to look at as well. Thank you, James. These are both very important questions. On question number one, we're very excited about our two acquisitions, Balto Sports and Vigtory. In fact, the more time that we spend with them, the more excited we are about the talented two groups that we brought together. We've just closed, as we mentioned in our shareholder letter, our acquisition of Vigtory. Next week, they'll already be in New York, and we're already meeting with the different teams at Fubo. With respect to potential opportunities, look, we're disciplined, but we're also aggressive. We were able to pick up two companies that we think are great, and you can tell by how quickly we're moving with deals with Major League Baseball and the NBA in Iowa, and also getting in front of regulators. Very happy about that. However, we are always in market looking for potential acquisitions that we think will significantly improve our ability to deliver value to our customers. We'll continue to do that. As it relates to your second question around ViacomCBS, there's a lot of players with lots of great offers out there. In fact, this is a wonderful time to be a consumer in America. You get amazing content from dozens and dozens of amazing media companies and new players like the Apple of the world. I don't believe that these companies are a threat to us at all. fuboTV, very specifically, is a sports-first cable TV replacement service. It does not compete with $4 services. It does not compete with $10 services. If you're a CBS customer and you really love CBS and you don't watch anything else, I would actually urge you to go pick up your CBS Paramount+ subscription because it is phenomenal content. If you're looking for a more robust package that includes all the sports that you want with great content from other media companies, then you're probably going to be in the market for a product like ours. Lastly, I would say that there are still 75 million Americans that have a MVPD service. I'm sure you saw the latest Parks Associates report, I think that came out in January, where based on their findings, 43% of cable TV households are likely to switch to a virtual MVPD streaming product. The market is very large. We think that we're going to be very successful in this market, particularly as we combine some of these other capabilities that we've talked about today. That's it really. Okay. Thank you. Thank you. Thank you, James. Thank you very much, James. Appreciate you. Questions? This now concludes the fuboTV earnings call. We thank you very much for tuning in and look forward to keeping you updated on our progress. Good night.