FuboTV (NYSE:FUBO) stock is on the rise following the release of its latest earnings report. In the second quarter of 2024, FuboTV reported adjusted EPS of -4 cents, surpassing Wall Street’s expectations. The company also reported revenue of $380.92 million, beating analysts’ estimates and showing significant growth compared to the previous year.
David Gandler, co-founder and CEO of FuboTV, expressed confidence in the company’s success, highlighting a 26% growth in North America revenue and a 24% increase in subscribers year-over-year.
FUBO Stock: What’s Next?
In its latest earnings report, FuboTV provided guidance updates for Q3 and 2024. The company expects Q3 revenue to range from $360 million to $370 million and yearly revenue between $1.57 billion to $1.59 billion, surpassing Wall Street’s estimates.
Despite an initial dip in stock value, FUBO stock is showing promise for investors looking for potential growth opportunities in the streaming industry.
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Analysis:
FuboTV’s strong performance in the second quarter of 2024, with better-than-expected earnings and revenue growth, signals a promising future for the company. Investors may see this as an opportunity to capitalize on the growth potential of the streaming industry by investing in FUBO stock. With a clear strategy for expansion and a focus on user satisfaction, FuboTV’s upward trajectory could lead to significant returns for investors in the long run.
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