fuboTV Earnings: What To Look For From FUBO

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fuboTV Earnings: What To Look For From FUBO

Live sports and TV streaming service fuboTV (NYSE:FUBO) will be reporting earnings tomorrow before market hours. Here’s what to expect.

fuboTV beat analysts’ revenue expectations by 6.2% last quarter, reporting revenues of $391 million, up 25% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

Is fuboTV a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting fuboTV’s revenue to grow 17.4% year on year to $376.8 million, slowing from the 42.6% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.12 per share.

fuboTV Total Revenue
fuboTV Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. fuboTV has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.8% on average.

Looking at fuboTV’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Scholastic delivered year-on-year revenue growth of 3.8%, beating analysts’ expectations by 1.6%, and Rush Street Interactive reported revenues up 36.6%, topping estimates by 11.9%. Scholastic traded up 6% following the results.

Read our full analysis of Scholastic’s results here and Rush Street Interactive’s results here.

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 2% on average over the last month. fuboTV is up 26.4% during the same time and is heading into earnings with an average analyst price target of $2.82 (compared to the current share price of $1.82).

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