Fubo’s North American Business Closed Q4 2023 With Record 1.618 Million Paid Subscribers, 29% Year-Over-Year Revenue Growth; Exceeded Guidance Across Key Performance Metrics

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fuboTV Inc. (FUBO) stock surges as earnings, revenue surpass expectations

March 1, 2024 8:37 AM EST

fuboTV Inc. (NYSE: FUBO) shares soared 16.91% following the company's fourth-quarter results, which surpassed analyst expectations on both earnings and revenue fronts. The company reported an adjusted EPS of -$0.17, significantly beating the analyst consensus of -$0.31. Revenue for the quarter also exceeded forecasts, coming in at $410.2 million against the expected $397.66 million.

The streaming service experienced robust growth, with a 12% increase in paid subscribers YoY, ending the quarter with 1.618 million. Total revenue... More