FuboTV Shares Fall as Sales, Subscribers Set to Fall

Dow Jones

05-03

By Katherine Hamilton

FuboTV shares fell after the company said it expects sales and subscribers to decline in the second quarter.

The stock dropped 16% to $2.47 on Friday after earnings. Shares have still doubled in value this year, thanks to a spike following an announcement at the start of the year that Walt Disney Co. plans to merge its Hulu + Live TV service with Fubo.

The sports streaming service said it expects North America revenue to fall 10% in the second quarter to a range of $340 million to $350 million. It projects revenue in the rest of the world to be $6.5 million to $7.5 million, which would be a 15% decline at the midpoint.

Analysts were estimating $387.8 million in revenue for the second quarter.

It anticipates 1.23 million to 1.26 million in paid subscribers in North America, which would be a 14% decline at the midpoint and below the 1.3 million subscribers expected by Wall Street.

Fubo faced market turbulence in the first quarter, Chief Executive David Gandler said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 02, 2025 15:05 ET (19:05 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares have still doubled in value this year, thanks to a spike following an announcement at the start of the year that Walt Disney Co. plans to merge its Hulu + Live TV service with Fubo. \n</p>\n<p>\n  The sports streaming service said it expects North America revenue to fall 10% in the second quarter to a range of $340 million to $350 million. It projects revenue in the rest of the world to be $6.5 million to $7.5 million, which would be a 15% decline at the midpoint. \n</p>\n<p>\n  Analysts were estimating $387.8 million in revenue for the second quarter. \n</p>\n<p>\n  It anticipates 1.23 million to 1.26 million in paid subscribers in North America, which would be a 14% decline at the midpoint and below the 1.3 million subscribers expected by Wall Street. \n</p>\n<p>\n  Fubo faced market turbulence in the first quarter, Chief Executive David Gandler said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 02, 2025 15:05 ET (19:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FUBO","symbol_name":"fuboTV Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2532876869","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532876869","pubTimestamp":1746212700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"FuboTV shares fell after the company said it expects sales and subscribers to decline in the second quarter.The stock dropped 16% to $2.47 on Friday after earnings. Shares have still doubled in value this year, thanks to a spike following an announcement at the start of the year that Walt Disney Co. plans to merge its Hulu + Live TV service with Fubo.The sports streaming service said it expects North America revenue to fall 10% in the second quarter to a range of $340 million to $350 million. 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Shares have still doubled in value this year, thanks to a spike following an announcement at the start of the year that Walt Disney Co. plans to merge its Hulu + Live TV service with Fubo. \n\n\n  The sports streaming service said it expects North America revenue to fall 10% in the second quarter to a range of $340 million to $350 million. 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