fuboTV (FUBO) PT Lowered to $7 at Evercore ISI

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Go back to fuboTV (FUBO) PT Lowered to $7 at Evercore ISI

fuboTV (FUBO) Stock Tumbles 17% on Guidance Cut, Earns Two Downgrades

May 6, 2022 6:38 AM EDT

Shares of FuboTV (NYSE: FUBO) are down more than 17% in premarket trading Friday after the streaming television service provider trimmed its NA revenue outlook for the full year.

FUBO reported a Q1 adjusted EBITDA loss of $105.5 million, up from a $46.5 million loss in the year-ago period, while analysts were expecting a $68.2 million loss. Revenue came in at $242 million in the period, compared to $119.7 million in the year-ago period, and in line with the expected $243 million.

For Q2, FUBO expects NA revenue in the range of $220 million to $225 million, and the... More