FuboTV Q3 Sales $374.732M Miss $376.767M Estimate
Portfolio Pulse from Benzinga Newsdesk
FuboTV reported Q3 sales of $374.732 million, missing the analyst consensus estimate of $376.767 million by 0.54%. Despite the miss, sales increased by 20.17% compared to the same period last year.
November 01, 2024 | 11:30 am
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NEGATIVE IMPACT
FuboTV's Q3 sales of $374.732 million missed analyst estimates by 0.54%, but showed a significant year-over-year increase of 20.17%.
The slight miss in sales estimates could lead to a short-term negative impact on FuboTV's stock price as it may disappoint investors. However, the significant year-over-year growth could mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100