FuboTV expects higher revenue and more subscribers in its second quarter but said it would pause guidance while the proposed merger with Hulu + Live TV remains pending.
FuboTV shares jumped 8.2% in overnight trading.
The sports-first live TV streaming platform said it now expects total revenue in North America in the second quarter to be $365 million, up from a previous $345 million.
For the rest of the world, second-quarter revenue is expected to be more than $8.5 million, up from a previous guidance of $7 million, as well as 340,000 paid subscribers, up from previous expectations of 330,000.
According to a poll of analyst forecasts on FactSet, total revenue was expected to be $353.7 million for the quarter.
Net loss is expected to be about $8 million, which represents an improvement of around $18 million year-over-year, as well as adjusted earnings before interest, taxes, depreciation and amortization of at least $20 million, which would be an increase of at least $30 million.
The company also said it would withhold guidance going forward while. "At this time, Fubo will pause providing guidance of future results while the proposed business combination with Hulu + Live TV is pending," the company said.
The company expects to release its quarterly results on Aug. 8.