fuboTV Earnings: What To Look For From FUBO
Live sports and TV streaming service fuboTV (NYSE:FUBO) will be reporting results tomorrow before market open. Here's what to look for.
Last quarter fuboTV reported revenues of $320.9 million, up 42.8% year on year, beating analyst revenue expectations by 12.1%. It was a solid quarter for the company, with an impressive beat of analysts' revenue estimates.
Is fuboTV buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting fuboTV's revenue to grow 24.5% year on year to $397.7 million, slowing down from the 38.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.24 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates twice over the last two years.
Looking at fuboTV's peers in the media segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Warner Bros. Discovery's revenues decreased 6.6% year on year, missing analyst estimates by 1.3% and News Corp reported revenues up 2.6% year on year, exceeding estimates by 0.9%. Both companies (Warner Bros. Discovery and News Corp) traded flat on the results.
Read our full analysis of Warner Bros. Discovery's results here and News Corp's results here.
Investors in the media segment have had steady hands going into the earnings, with the stocks flat over the last month. fuboTV is down 16.9% during the same time, and is heading into the earnings with analyst price target of $3.7, compared to share price of $2.07.
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