2023-05-09 17:01:11 ET
- FuboTV ( NYSE: FUBO ) shares surged almost 9% Tuesday as investors continued to show enthusiasm for the streaming TV service provider's recent earnings results and outlook.
- On Friday, Fubo ( FUBO ) reported a first-quarter loss of 27 cents as a share, on revenue of $324.4M, compared to estimates for a loss of 38 cents a share, on about $303M in revenue. Fubo ( FUBO ) also said it ended the quarter with 1.285M paid subscribers, a 22% increase over the first quarter of 2022.
- Activity in Fubo ( FUBO ) was heavy on Tuesday, as more than 38M shares of the company's stock traded hands. Fubo ( FUBO ) typically sees about 14M shares exchanged on a daily basis.
- Wall Street analysts have a consensus hold rating on Fubo's ( FUBO ) stock, which Seeking Alpha contributors give the stock a rating of sell. Seeking Alpha's Quant System, which historically outperforms the stock market, has a hold rating on Fubo's shares .
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Why did FuboTV shares surge almost 9% Tuesday? High activity in wake of earnings