Streetbeat News

FUBO

fuboTV Inc.

https://www.fubo.tv

Industry

Broadcasting

fuboTV Inc. operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

Open

1.45

Mkt cap

474M

Volume

8.1M

High

1.47

P/E Ratio

-2.09

52-wk high

3.81

Low

1.39

Div yield

N/A

52-wk low

1.10

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.

Portfolio Pulse from Anusuya Lahiri

August 06, 2024 | 1:25 pm

FuboTV (FUBO) projects its Q3 North America revenue to be between $360 million and $370 million, while its Rest of World revenue is expected to be between $8 million and $9 million.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:34 am

fuboTV shares are trading higher after the company reported strong Q2 earnings and raised its guidance.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:33 am

FuboTV has increased its FY24 guidance for North America, projecting 1.725M-1.745M paid subscribers and an 18% YoY revenue growth. For the rest of the world, FuboTV expects 395K-405K paid subscribers and a 4% revenue growth.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:32 am

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.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 11:31 am

ASLAN Pharmaceuticals shares dropped over 38% after announcing the voluntary liquidation of its sole operating subsidiary. Other notable stock movements include Aptevo Therapeutics climbing 84% following a $2.75 million offering, and Shimmick Corporation rising 49% after securing a $27.6 million subcontract. Cassava Sciences fell nearly 30% due to executive leadership changes.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 5:28 pm

U.S. Bancorp posted strong Q2 earnings, leading to a 4.7% rise in its stock price. Other notable gainers include Aehr Test Systems, The Honest Company, GLOBALFOUNDRIES, Stardust Power, Bloom Energy, fuboTV, GitLab, SunCar Technology, V.F. Corporation, Nicolet Bankshares, Cal-Maine Foods, UTime Limited, Hancock Whitney, and Bristol-Myers Squibb.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 2:37 pm

Needham analyst Laura Martin reiterated a Buy rating on FuboTV Inc (NYSE:FUBO) but lowered the price target to $2 from $3. The analyst maintained fiscal year 2024 estimates but revised fiscal year 2025 projections due to increased marketing costs and higher legal costs from a lawsuit against ESPN. Despite these challenges, FuboTV is seen as an inexpensive way for investors to participate in the shift toward OTT and Streaming TV. The company has strong sports-focused marketing, efficient revenue streams, and potential for increased advertising revenue.

Portfolio Pulse from Nabaparna Bhattacharya

July 05, 2024 | 6:30 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Notable changes include price target increases for Belden Inc., Quest Diagnostics, TeraWulf Inc., S&P Global, and Moody’s Corporation, while Arrowhead Pharmaceuticals, fuboTV Inc., Taboola.com Ltd., Constellation Brands, and Vale S.A. saw their price targets reduced.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:02 pm

In the last three months, 5 analysts have published ratings on FuboTV (NYSE:FUBO), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $3.58, a 5.29% decrease from the previous $3.78. Analysts have maintained or lowered their ratings, with price targets ranging from $2.00 to $5.00. FuboTV has shown a 24.04% revenue growth rate but faces challenges with negative net margins, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:01 pm

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