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Compared to Estimates, fuboTV (FUBO) Q2 Earnings: A Look at Key Metrics
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fuboTV Inc. (FUBO - Free Report) reported $389.22 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 24.5%. EPS of -$0.04 for the same period compares to -$0.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $369.47 million, representing a surprise of +5.35%. The company delivered an EPS surprise of +55.56%, with the consensus EPS estimate being -$0.09.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how fuboTV performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Paid Subscribers - Rest of World streaming
: 399,000 versus 397,500 estimated by two analysts on average.
Paid Subscribers - United States and Canada (North America)
: 1,450,000 versus 1,484,500 estimated by two analysts on average.
Revenues- Advertising
: $26.29 million compared to the $26.74 million average estimate based on five analysts. The reported number represents a change of +13.9% year over year.
Revenues- Subscription
: $362.94 million versus the five-analyst average estimate of $341.95 million. The reported number represents a year-over-year change of +25.6%.
Revenues- Other
: $1.74 million versus the three-analyst average estimate of $1.12 million. The reported number represents a year-over-year change of +159.9%.
Shares of fuboTV have returned +4.8% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, fuboTV (FUBO) Q2 Earnings: A Look at Key Metrics
fuboTV Inc. (FUBO - Free Report) reported $389.22 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 24.5%. EPS of -$0.04 for the same period compares to -$0.12 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $369.47 million, representing a surprise of +5.35%. The company delivered an EPS surprise of +55.56%, with the consensus EPS estimate being -$0.09.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how fuboTV performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for fuboTV here>>>Paid Subscribers - Rest of World streaming
: 399,000 versus 397,500 estimated by two analysts on average.Paid Subscribers - United States and Canada (North America)
: 1,450,000 versus 1,484,500 estimated by two analysts on average.Revenues- Advertising
: $26.29 million compared to the $26.74 million average estimate based on five analysts. The reported number represents a change of +13.9% year over year.Revenues- Subscription
: $362.94 million versus the five-analyst average estimate of $341.95 million. The reported number represents a year-over-year change of +25.6%.Revenues- Other
: $1.74 million versus the three-analyst average estimate of $1.12 million. The reported number represents a year-over-year change of +159.9%.Shares of fuboTV have returned +4.8% over the past month versus the Zacks S&P 500 composite's -6.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.