FuboTV Expects Q3 Revenue $279.7M-$285.7M Vs $295.75M Est, FY23 Revenue $1.2894B-$1.3134B (Prior $1.264B-$1.298B) Vs $1.29B Est
Portfolio Pulse from Benzinga Newsdesk
FuboTV has revised its Q3 revenue forecast to $279.7M-$285.7M, lower than the estimated $295.75M. However, the company has raised its FY23 revenue guidance to $1.2894B-$1.3134B, up from the previous $1.264B-$1.298B, and in line with the $1.29B estimate.

August 04, 2023 | 3:18 pm
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NEUTRAL IMPACT
FuboTV's lower Q3 revenue forecast may negatively impact its short-term stock price. However, the raised FY23 revenue guidance could offset this impact.
FuboTV's lower than expected Q3 revenue forecast could disappoint investors, potentially leading to a short-term drop in its stock price. However, the raised FY23 revenue guidance, which is in line with estimates, could reassure investors about the company's longer-term prospects, potentially offsetting any negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100