- fuboTV ( NYSE: FUBO ) saw an initial jump in its stock price after reporting a significant growth in annual revenue and subscribers across its global business and exceeding earlier forecasts.
- Q4 subscribers saw a 29% growth while total ARPU saw a 4% growth.
- North America Fubo saw a 36% in Q4 revenue to $312.1M while ad revenue reported a 30% growth; rest of world saw a $7.2M in revenue and 420K total paid subscribers (+117% Y/Y).
- Q4 ended the quarter with $343.2M in cash, equivalents and restricted cash.
- The company also drove a 1,127 basis points Y/Y improvement in Net Loss Margin and a 814 basis points improvement in Q4 adj. EBITDA margin for continuing operations.
- Quick look at company's net loss & adj. EBITDA snapshot:
- In past 6-months, the stock lost 47% and is currently trading near 52-week low levels.
- Of the 8 Wall Street Analysts covering the stock, 4 analysts rated it a Hold while 2 assigned it a Strong Buy.
For further details see:
FuboTV drops despite strong Q4 growth led by widening subscriber base