fuboTV Inc. (FUBO) Tops Q2 EPS by 12c, Guidance Beats
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August 11, 2021 10:22 AM EDT
Shares of Fubotv (NYSE: FUBO) are up about 8% in todays trading session after the company delivered another beat-and-raise quarter.
Fubo reported Q2 EPS of negative $0.38 to easily exceed the analyst consensus of negative $0.50. Revenue for the quarter came in at $130.9 million versus the consensus estimate of $118.88 million.
fuboTV delivered a strong second quarter of 2021 across all of our key financial and operational metrics: subscribers, total revenue and advertising revenue, said David Gandler, co-founder and CEO, fuboTV.
Engagement also reached record highs as we added exclusive sports streaming rights with CONMEBOL and began beta... More
August 11, 2021 9:24 AM EDT
Oppenheimer analyst Jason Helfstein raised the price target on fuboTV (NYSE: FUBO) to $42.00 (from $32.00) while maintaining an Outperform rating.
The analyst commented, "We're increasing our PT to $42 (was $32) following 2Qs significant net-add beat (91K vs. Streets 12K) on strong sports calendar and... More
