Live sports and TV streaming service fuboTV (NYSE:FUBO) will be announcing earnings results this Friday before market hours. Here’s what to look for.
fuboTV missed analysts’ revenue expectations by 28.7% last quarter, reporting revenues of $416.3 million, up 3.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. It reported 1.47 million domestic subscribers, down 2.7% year on year.
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 decline 5.6% year on year to $368.9 million, a reversal from the 25% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.
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 missed Wall Street’s revenue estimates twice over the last two years.
Looking at fuboTV’s peers in the media segment, some have already reported their Q2 results, giving us a hint as to what we can expect. The New York Times delivered year-on-year revenue growth of 9.7%, beating analysts’ expectations by 2.3%, and Disney reported revenues up 2.1%, in line with consensus estimates.
Read our full analysis of The New York Times’s results here and Disney’s results here.
Investors in the media segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. fuboTV is up 3.9% during the same time and is heading into earnings with an average analyst price target of $4.83 (compared to the current share price of $3.75).
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