What's Going On With FuboTV Stock Friday?
Portfolio Pulse from Anusuya Lahiri
FuboTV Inc reported Q2 FY23 sales growth of 41% YoY to $312.7 million, beating the consensus of $301.9 million. Adjusted EPS loss of $(0.12) beat the consensus loss of $(0.23). The company ended the quarter with $299.7 million of cash and equivalents. FuboTV sees Q3 North America revenue of $272.5 million-$277.5 million and Rest of the World revenue of $7.2 million-$8.2 million. FUBO shares were up 9.3% at $3.50 at last check Friday.
August 04, 2023 | 3:31 pm
News sentiment analysis
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Ascending
POSITIVE IMPACT
FuboTV reported strong Q2 FY23 results, beating consensus on sales and EPS. However, the Q3 revenue outlook is below consensus. FUBO shares were up 9.3%.
FuboTV's strong Q2 results and the beat on consensus are positive for the stock. However, the lower than expected Q3 revenue outlook might limit the upside. The stock was up 9.3%, indicating positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100