FuboTV Inc. Surges Post Q4 Results

FuboTV Inc. shares (FUBO, +1.47%) saw a notable 16.4% increase in premarket trading on Friday following the release of their impressive fourth-quarter results. The sports-first TV-streaming company reported a narrower-than-expected loss and surpassed revenue projections.

Financial Highlights

• Net Loss: FuboTV reported a net loss of $71 million (24 cents per share), an improvement from the $95.9 million loss (48 cents per share) in the same period last year. Analysts had anticipated a 31 cents per share loss.

• Revenue Growth: Total revenue surged by 28% to reach $410.2 million, surpassing the $398 million consensus forecast from FactSet.

• Subscriptions: Subscription revenue soared to $370.1 million, up from $284.9 million in the previous year. Meanwhile, advertising revenue saw a rise to $39 million, compared to $33.9 million in the same quarter last year.

• ARPU: FuboTV experienced a 15% year-over-year growth in North American Average Revenue Per User (ARPU) to hit an all-time high of $86.65.

Future Outlook

Market Performance

Despite recent declines of 37.7% in the last three months, FuboTV shares have demonstrated resilience compared to the S&P 500 index's gain of 11.6%.

With robust financial results and an optimistic growth forecast, FuboTV Inc. is making key strides in the competitive TV-streaming landscape.