2023-08-04 08:03:01 ET
- FuboTV press release ( NYSE: FUBO ): Q2 GAAP EPS of -$0.17 beats by $0.15 .
- Revenue of $312.7M (+40.9% Y/Y) beats by $10.65M .
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Fubo closed the quarter with $299.7 million in cash, cash equivalents and restricted cash, and is confident that its cash position provides the company with sufficient liquidity to fund its operating plan until achieving expected positive cash flow in 2025.
Looking ahead to the third quarter 2023 in North America, Fubo is projecting 1,327,000 to 1,347,000 paid subscribers, representing 9% year-over-year growth at the midpoint, and revenue of $272.5 million to $277.5 million, representing 25% year-over-year growth at the midpoint.
The Company is also raising its previously stated full year 2023 guidance for North America. Fubo projects 1,565,000 to 1,585,000 million paid subscribers, representing 9% year-over-year growth at the midpoint, and revenue of $1.26 billion to $1.28 billion, representing 29% year-over-year growth at the midpoint.
For further details see:
FuboTV GAAP EPS of -$0.17 beats by $0.15, revenue of $312.7M beats by $10.65M