CORRECTION: FuboTV FY24 Outlook: Revenue $1.536B - $1.560B Vs. $1.624B Estimate
Portfolio Pulse from Benzinga Newsdesk
FuboTV has revised its FY24 revenue outlook to $1.536B - $1.560B, which is below the previous estimate of $1.624B. This correction indicates a downward adjustment in the company's revenue expectations.
March 01, 2024 | 2:58 pm
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FuboTV has lowered its FY24 revenue forecast to a range of $1.536B to $1.560B, below the analyst estimate of $1.624B.
The downward revision of FuboTV's FY24 revenue outlook suggests potential challenges in achieving previously expected growth rates. This could lead to negative investor sentiment in the short term, impacting the stock price negatively as the market adjusts to the new forecast.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100