FuboTV Q1 Adjusted Loss Narrows, Revenue Rises; Q2 Revenue Guidance Issued

MT Newswires Live
02 May

fuboTV (FUBO) reported Q1 adjusted loss Friday of $0.02 per diluted share, narrower from a loss of $0.14 a year earlier.

Analysts polled by FactSet expected a loss of $0.03.

Revenue for the quarter ended March 31 was $416.3 million, up from $402.3 million a year earlier.

Analysts surveyed by FactSet expected $415.4 million.

The company expects Q2 revenue for North America of $340 million to $350 million, and for rest of the world of $6.5 million to $7.5 million. Analysts polled by FactSet expect $387.8 million.

The company's shares were down nearly 3% in recent premarket activity.

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