FuboTV Q2 2024 Adj. EPS $(0.04) Beats $(0.15) Estimate, Sales $390.965M Beat $368.254M Estimate
Portfolio Pulse from Benzinga Newsdesk
FuboTV (NYSE:FUBO) reported better-than-expected Q2 2024 results with an adjusted EPS of $(0.04), beating the $(0.15) estimate, and sales of $390.965 million, surpassing the $368.254 million estimate. This represents a 25.01% increase in sales compared to the same period last year.
August 06, 2024 | 11:31 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
FuboTV reported Q2 2024 results that significantly beat analyst estimates for both EPS and sales. The adjusted EPS was $(0.04) compared to the $(0.15) estimate, and sales were $390.965 million versus the $368.254 million estimate, marking a 25.01% year-over-year increase.
The significant beat on both EPS and sales estimates, along with a strong year-over-year sales growth, is likely to positively impact FuboTV's stock price in the short term. Investors typically react favorably to such earnings surprises.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100