Fubotv Projects Subscriber Fall in Q1 After Q4 Topline Growth, Stock Tumbles
FuboTV Inc (NYSE:FUBO) reported earnings for the fourth quarter of 2024, with revenue growing 8.1% year over year to $443.277 million, marginally missing analyst expectations. Adjusted EPS loss of 2 cents beat analyst estimates, while the company's adjusted EBITDA margin loss stood at (2.0)% versus (12.2)% Y/Y. The company's paid subscribers grew 6.2% Y/Y to 1.64 million in North America.
- The mixed outcome of FuboTV's Q4 report highlights the challenges facing the streaming industry, particularly in terms of subscriber retention and revenue growth.
- What steps will FuboTV take to address its projected subscriber decline and improve its competitive position in a rapidly evolving market?