fuboTV Inc. (FUBO) Misses Q1 EPS by 3c

fuboTV Inc. (NYSE: FUBO) reported Q1 EPS of ($0.02), $0.03 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $1.54 million versus the consensus estimate of $1.36 million.

Reverse Stock Split

Fubo announced today a planned reverse stock split of its Class A and Class B common stock at an exchange ratio between one-for-eight to one-for-twelve, with the final ratio to be selected by Fubo’s Board of Directors. The reverse stock split has been approved by the Board and by unanimous written consent of stockholders representing a majority of the outstanding voting interests of the Company. The reverse stock split is intended to make the stock more accessible to a broader base of investors and will reduce the number of outstanding shares of common stock to a level better aligned with the Company’s size and scope. Fubo intends to file an information statement on Schedule 14C as required by Securities and Exchange Commission rules. Fubo Class A common stock is expected to begin trading on a split-adjusted basis later this quarter.

For earnings history and earnings-related data on fuboTV Inc. (FUBO) click here.

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