FuboTV's Subscription And Ad Revenue Soar, But Analyst Cautious Amid Decelerating Q4 Growth

Grand News Network | November 6, 2023

Stephens analyst Nicholas Zangler remained Equal-Weight on FuboTV Inc (NYSE: FUBO) with a price target of $3.

FUBO outperformed across both segments, namely subscription and advertising. The 4Q23 Y/Y advertising growth will likely decelerate as 4Q23 laps last year's benefit of midterm elections and the World Cup. The analyst guided 4Q23 NA subscriber count to 1.592 million at the midpoint vs. Zangler's prior estimate of 1.575 million, with 4Q23 total revenue to $395.6 million at the midpoint vs. consensus of $378.5 million. Although the 3Q23 subscriber count beat Zangler's estimate ...

Full story available on Benzinga.com


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