Live sports and TV streaming service fuboTV (NYSE:FUBO) will be reporting results tomorrow before the bell. Here’s what to look for.
fuboTV met analysts’ revenue expectations last quarter, reporting revenues of $443.3 million, up 8.1% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates. It reported 1.68 million domestic subscribers, up 3.6% 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 grow 45.2% year on year to $584 million, improving from the 24% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. fuboTV has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 5.1% on average.
Looking at fuboTV’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Scholastic delivered year-on-year revenue growth of 3.6%, missing analysts’ expectations by 3.5%, and Hasbro reported revenues up 17.1%, topping estimates by 14.8%. Scholastic traded up 13.2% following the results while Hasbro was also up 15.9%.
Read our full analysis of Scholastic’s results here and Hasbro’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the consumer discretionary stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.2% on average over the last month. fuboTV is down 3.8% during the same time and is heading into earnings with an average analyst price target of $4.81 (compared to the current share price of $3.03).
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