TECH - FuboTV Gaining Popularity North America High Growth In Paid Subscribers Show | Benzinga
FuboTV Inc (NYSE:FUBO) shares soared in premarket by as much as 10% after the company reported fiscal first-quarter 2024 results. Sales grew 24.0% Y/Y to $402.4 million, beating the analyst consensus estimate of $381.3 million.
Adjusted EPS loss of $(0.11) beat the analyst consensus loss estimate of $(0.21).
The company’s gross margin stood at 7%, up by 588 bps Y/Y.
North America Streaming: Revenue grew 24% Y/Y to $394 million as paid subscribers grew 18% Y/Y to 1.511 million. Average revenue per user (ARPU) rose 10% Y/Y to $84.54.
Rest of the World Streaming: Revenue was $8.4 million, ...