Fubotv Inc reports results for the quarter ended in September 30 - Earnings Summary

FuboTV

01/11/2024 14:25

* Fubotv Inc  FUBO.N  reported a quarterly adjusted loss
of 16
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of -29 cents.  The mean expectation of eight analysts for the
quarter was for a loss of 18 cents per share. Wall Street
expected results to range from -21 cents to -13 cents per share.
    * Revenue rose 20.3% to $386.21 million from a year ago;
analysts
expected $376.77 million. 
    * Fubotv Inc's reported EPS for the quarter was a loss of 16
cents​.
    * The company reported a quarterly loss of $52.42 million.
    * Fubotv Inc shares had risen by 22.5% this quarter and
lost 45.3%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Fubotv Inc is
2.50 
This summary was machine generated from LSEG data November 1 at
02:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      -0.18          -0.16          Beat
 Jun. 30 2024      -0.15          -0.06          Beat
 Mar. 31 2024      -0.21          -0.22          Missed
 Dec. 31 2023      -0.31          -0.24          Beat