FuboTV Beats Q4 Estimates but Shares Fall 16%-To The Moon - Tiger Brokers Online Investing Community - To The Moon

45
Comment
Favorite

FuboTV Beats Q4 Estimates but Shares Fall 16%

Tiger Newspress2023-02-27

Shares of FuboTV fell 16% in morning trading despite the sports-focused live TV streaming service reporting better-than-expected Q4 results.

The company then disclosed it raised $68.1 million after selling 36.7M shares in “block trades to multiple investors under the Company’s at-the-market [ATM] program.”

“The Shares were sold at negotiated discounts to the closing sale price of the Common Stock on the New York Stock Exchange on February 24, 2023,” Fubo said in a filing.

For its fourth quarter, FUBO reported a loss per share of $0.39 on revenue of $319.3M. Analysts were looking for a loss per share of $0.71 on sales of $285.6M. Net loss for the quarter stood at $95.9M. Sales increased by 38% year-over-year as subscription revenue rose 39% to $284.9M.

“The fourth quarter also marked our lowest level of quarterly cash usage in Fubo’s time as a publicly-traded company and we achieved positive gross profit. Over the course of 2022 we undertook bold measures to position our business for today’s challenging macroeconomic environment,” said David Gandler, co-founder and CEO, Fubo.

For this quarter, FuboTV said revenue should be in the range of $295-300M while full-year revenue is seen between $1.195 billion and $1.225B. Analysts were looking for $304.3M and $1.26B, respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

45

Report

Comment

Marco10
·2023-02-28
What happened?
Reply
1
Report

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2314550296?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-02-27 22:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2314550296","market":"us","top_or_hot":-1,"title":"FuboTV Beats Q4 Estimates but Shares Fall 16%","media":"Tiger Newspress","content":"<html><head></head><body><p>Shares of <a href=\"https://laohu8.com/S/FUBO\">FuboTV</a> fell 16% in morning trading despite the sports-focused live TV streaming service reporting better-than-expected Q4 results.</p><p><img src=\"https://static.tigerbbs.com/de5d61d13a685a88af36d5274d8606d2\" tg-width=\"834\" tg-height=\"666\" width=\"100%\" height=\"auto\"/></p><p>The company then disclosed it raised $68.1 million after selling 36.7M shares in “block trades to multiple investors under the Company’s at-the-market [ATM] program.”</p><p>“The Shares were sold at negotiated discounts to the closing sale price of the Common Stock on the New York Stock Exchange on February 24, 2023,” Fubo said in a filing.</p><p>For its fourth quarter, FUBO reported a loss per share of $0.39 on revenue of $319.3M. Analysts were looking for a loss per share of $0.71 on sales of $285.6M. Net loss for the quarter stood at $95.9M. Sales increased by 38% year-over-year as subscription revenue rose 39% to $284.9M.</p><p>“The fourth quarter also marked our lowest level of quarterly cash usage in Fubo’s time as a publicly-traded company and we achieved positive gross profit. Over the course of 2022 we undertook bold measures to position our business for today’s challenging macroeconomic environment,” said David Gandler, co-founder and CEO, Fubo.</p><p>For this quarter, FuboTV said revenue should be in the range of $295-300M while full-year revenue is seen between $1.195 billion and $1.225B. Analysts were looking for $304.3M and $1.26B, respectively.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FuboTV Beats Q4 Estimates but Shares Fall 16%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFuboTV Beats Q4 Estimates but Shares Fall 16%\n</h2>\n\n<h4 class=\"meta\">\n\n2023-02-27 22:52 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of FuboTV fell 16% in morning trading despite the sports-focused live TV streaming service reporting better-than-expected Q4 results.The company then disclosed it raised $68.1 million after ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FUBO","symbol_name":"fuboTV Inc.","start_time":0,"source_url":"","article_id":"2314550296","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2314550296","pubTimestamp":1677509545,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Shares of FuboTV fell 16% in morning trading despite the sports-focused live TV streaming service re","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FUBO":"fuboTV Inc."},"translate_title":"富波电视超过第四季度预期，但股价下跌16%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUBO":1},"content_text":"Shares of FuboTV fell 16% in morning trading despite the sports-focused live TV streaming service reporting better-than-expected Q4 results.The company then disclosed it raised $68.1 million after selling 36.7M shares in “block trades to multiple investors under the Company’s at-the-market [ATM] program.”“The Shares were sold at negotiated discounts to the closing sale price of the Common Stock on the New York Stock Exchange on February 24, 2023,” Fubo said in a filing.For its fourth quarter, FUBO reported a loss per share of $0.39 on revenue of $319.3M. Analysts were looking for a loss per share of $0.71 on sales of $285.6M. Net loss for the quarter stood at $95.9M. Sales increased by 38% year-over-year as subscription revenue rose 39% to $284.9M.“The fourth quarter also marked our lowest level of quarterly cash usage in Fubo’s time as a publicly-traded company and we achieved positive gross profit. Over the course of 2022 we undertook bold measures to position our business for today’s challenging macroeconomic environment,” said David Gandler, co-founder and CEO, Fubo.For this quarter, FuboTV said revenue should be in the range of $295-300M while full-year revenue is seen between $1.195 billion and $1.225B. Analysts were looking for $304.3M and $1.26B, respectively.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9957475121,"gmtCreate":1677527344763,"gmtModify":1677527349026,"author":{"id":"3568605490338063","authorId":"3568605490338063","name":"Marco10","avatar":"https://static.tigerbbs.com/f2e8f0b7670f813d1cc0d139b402ac09","vip":1,"crmLevel":1,"crmLevelSwitch":1},"htmlText":"What happened?","listText":"What happened?","text":"What happened?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957475121","repostId":2314550296,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":45,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}