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FuboTV (NYSE:FUBO) stock is plunging in pre-market trading, dropping 13.07% to $3.06 as of 9:24 AM ET, after the company missed revenue expectations in its Q4 earnings report. Fubo reported Q4 revenue of $431.82 million, reflecting 7.8% year-over-year growth, but falling $13.35 million short of analyst expectations.
However, the company beat EPS estimates, posting a Non-GAAP EPS loss of -$0.02, which was $0.09 better than expected. Fubo also reported an all-time high average revenue per user (ARPU) of $87.90, marking a 1.4% YoY increase. Looking ahead, Fubo's Q1 2025 guidance for North America projects revenue between $400 million and $410 million (+3% YoY at the midpoint), but subscriber count is expected to decline by 4% YoY.
For its Rest of World (ROW) segment, Fubo anticipates revenue of $7.5 million to $8.5 million, a 5% YoY decline at the midpoint, with subscriber numbers expected to drop 16% YoY. The weaker-than-expected revenue and subscriber outlook appear to be weighing on Fubo stock, as investors react to the company's mixed earnings report.
This article first appeared on GuruFocus.