FuboTV Inc. (FUBO) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.12 per share a year ago.
Streaming pay-TV operator Fubo beat Wall Street estimates in the second quarter, reporting a loss of 8 cents a share and $382.7 million in total revenue. The loss improved upon the year-ago quarter's loss of 19 cents a share, while revenue increased 26%. Fubo also said it hit 1.
Needham analyst Laura Martin reiterated the Buy rating on FuboTV Inc FUBO, lowering the price target to $2 from $3.
Shares of Fubo have fallen sharply this year, down nearly 98% since its all-time peak. Subscribers and revenue have grown by double-digits over the past year, but the stock is still trading 59% lower this year.
fuboTV Inc. (NYSE:FUBO ) J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference May 20, 2024 3:10 PM ET Company Participants Conference Call Participants Nikhil Aluru All right, we'll get started.