fuboTV attracts sports fans who want a more convenient way to watch.
FuboTV (NYSE: FUBO ) stock is on the move Tuesday following the release of the sports and entertainment TV streaming company's latest earnings report. For the second quarter of 2024, fuboTV reported adjusted EPS of -4 cents.
Although the revenue and EPS for fuboTV (FUBO) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
fuboTV "beat" on sales and earnings this morning. GAAP profits remain elusive, however.
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.