FuboTV Q1 2024 Adj EPS $(0.11) Beats $(0.21) Estimate, Sales $402.347M Beat $381.298M Estimate
Portfolio Pulse from Benzinga Newsdesk
FuboTV reported Q1 2024 adjusted EPS of $(0.11), surpassing the $(0.21) estimate, with sales of $402.347M exceeding the $381.298M forecast. This represents a 24.04% increase in sales compared to the same period last year.
May 03, 2024 | 11:32 am
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POSITIVE IMPACT
FuboTV's Q1 2024 earnings outperformed expectations with an adjusted EPS of $(0.11) against an estimate of $(0.21) and sales of $402.347M against a forecast of $381.298M.
FuboTV's better-than-expected Q1 2024 earnings report, showing both a significant beat on EPS and sales estimates, indicates strong operational performance and growth. This positive news is likely to instill investor confidence, potentially leading to a short-term uptick in FUBO's stock price. The substantial year-over-year sales growth further underscores the company's expanding market presence and operational efficiency.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100