VERS - Why Is FuboTV Stock Trading Down Friday? | Benzinga
FuboTV Inc (NYSE:FUBO) shares are trading higher after the company reported fourth-quarter fiscal 2023 results. Sales grew 28.5% Y/Y to $410.18 million, beating the consensus of $397.8 million.
Adjusted EPS loss of $(0.17) beat the consensus loss of $(0.31).
The company’s gross margin stood at 10%, an 888 bps Y/Y improvement. Also, it witnessed a 662 bps reduction in subscriber-related expenses (SRE) as a percentage of ...