FuboTV Reports Strong Q2 Growth; Raises Fiscal 2024 Revenue Guidance
Portfolio Pulse from Anusuya Lahiri
FuboTV Inc (NYSE:FUBO) reported strong Q2 2024 results, with a 25% Y/Y sales growth to $390.97 million, beating analyst estimates. The adjusted EPS loss of $(0.04) also surpassed expectations. The company raised its fiscal 2024 revenue guidance, leading to a 19% premarket stock surge.
August 06, 2024 | 1:25 pm
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FuboTV Inc reported strong Q2 2024 results, with a 25% Y/Y sales growth to $390.97 million, beating analyst estimates. The adjusted EPS loss of $(0.04) also surpassed expectations. The company raised its fiscal 2024 revenue guidance, leading to a 19% premarket stock surge.
The strong Q2 results, beating both sales and EPS estimates, along with the raised fiscal 2024 revenue guidance, are positive indicators for FuboTV's stock. The 19% premarket surge reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100