FuboTV (NYSE: FUBO) reported strong Q124 results with sales up 24%, beating estimates. North America revenue up 24%, paid subscribers up 18%, and ARPU up 10%. Lawsuit against DIS, FOX, WBD remains. Q2 and FY24 revenue outlook revised upwards. FUBO stock up 11% at $1.72 premarket.
FuboTV Inc. (d/b/a Fubo) (NYSE:FUBO), the leading sports-first live TV streaming platform, issued the following statement today:Fubo has attempted to renew with Warner Brothers Discovery our Discovery content agreement
FuboTV shares are slightly higher in premarket trading after a substantial dip following concerns over the impact of a collaboration between Fox, Disney, and Warner Bros Discovery.
Disney's ESPN, Warner Bros Discovery and Fox reached an understanding to launch a sport streaming service. The news is particularly bad for sports-focused FuboTV.