fuboTV Inc. (FUBO) tops estimates despite 'challenged ad market'

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Go back to fuboTV Inc. (FUBO) tops estimates despite 'challenged ad market'

fuboTV Inc. (FUBO) Tops Q2 EPS by 12c, beats revenue, offers guidance

August 4, 2023 8:08 AM EDT

fuboTV Inc. (NYSE: FUBO) reported Q2 EPS of ($0.17), $0.12 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $312.7 million versus the consensus estimate of $302.06 million.

GUIDANCE:

fuboTV Inc. sees Q3 2023 revenue of $272.5-277.5 million.

For earnings history and earnings-related data on fuboTV Inc. (FUBO) click here.

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fuboTV Inc. (FUBO) Reports Q2 Figures, Offers Updated Guidance

August 4, 2023 8:06 AM EDT

FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the second quarter ended June 30, 2023 and raised its previously stated full year 2023 guidance for North America.

Fubo exceeded North American guidance, achieving $305 million in revenue, up 41% year-over-year, and 1,167,000 paid subscribers, up 23% year-over-year. The Company delivered ad revenue in North America of $22.8 million in the second quarter, up 5% year-over-year. This marks an expected return to growth despite a challenged advertising market.

Double digit year-over-year growth was also posted by Fubos Rest of World (ROW) streaming business. Total... More