fuboTV Inc. (FUBO) reported $443.28 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 8.1%. EPS of -$0.02 for the same period compares to -$0.17 a year ago.
The reported revenue represents a surprise of -0.76% over the Zacks Consensus Estimate of $446.66 million. With the consensus EPS estimate being -$0.12, the EPS surprise was +83.33%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how fuboTV performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Paid Subscribers - Rest of World streaming: 362,000 versus the two-analyst average estimate of 351,500.
- Paid Subscribers - North America: 1,676,000 versus 2,041,000 estimated by two analysts on average.
- Revenues- Advertising: $34.39 million versus $38.57 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -11.8% change.
- Revenues- Subscription: $406.88 million versus $406.91 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9.9% change.
- Revenues- Other: $2.01 million versus $1.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +81.5% change.
Shares of fuboTV have returned -14.6% over the past month versus the Zacks S&P 500 composite's -2.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners UpfuboTV Inc. (FUBO) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
