FuboTV's Subscription And Ad Revenue Soar, But Analyst Cautious Amid Decelerating Q4 Growth
Portfolio Pulse from Anusuya Lahiri
FuboTV Inc's subscription and advertising revenues have outperformed expectations, but analyst Nicholas Zangler from Stephens remains cautious due to expected decelerating growth in Q4 2023. Zangler has increased his FY23 revenue estimate for FuboTV to $1.354 billion and FY24 revenue estimate to $1.626 billion. However, FuboTV's shares traded lower by 0.33% at $2.99.
November 06, 2023 | 7:54 pm
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NEGATIVE IMPACT
FuboTV's subscription and advertising revenues have outperformed expectations, but the stock traded lower due to analyst's caution about decelerating growth.
Despite the strong performance in subscription and advertising revenues, the caution from the analyst about decelerating growth in Q4 2023 has likely contributed to the stock trading lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Charter Communications was mentioned in relation to FuboTV's performance, but there was no direct impact on the company.
Charter Communications was mentioned in the context of FuboTV's performance, but there was no news directly impacting the company.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Walt Disney Company was mentioned in relation to FuboTV's performance, but there was no direct impact on the company.
Walt Disney Company was mentioned in the context of FuboTV's performance, but there was no news directly impacting the company.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20