Fubo Q3 NA Subs Hit All Time High Of 1.477M, NA ARPU $83.51, +17% Y/Y
Portfolio Pulse from Benzinga Newsdesk
FuboTV reported Q3 2023 results with North American subscribers reaching an all-time high of 1.477 million, surpassing the guidance of 1.337 million. North American revenue grew by 43% to $313 million, exceeding the guidance of $275 million. The company also reported a gross margin of 6%, a year-over-year improvement of 884 bps, and a 17% year-over-year increase in North American ARPU to $83.51.
November 03, 2023 | 11:45 am
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FuboTV's Q3 2023 results exceeded expectations with significant growth in subscribers, revenue, and ARPU. The company's gross margin also improved significantly.
FuboTV's Q3 2023 results exceeded expectations, with significant growth in North American subscribers and revenue, as well as an increase in ARPU. This indicates strong performance and could lead to a positive market reaction, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100