FuboTV (FUBO) stock crashed 30% since February 24th. The bulk of the decline happened after the company provided lower-than-expected first-quarter revenue guidance and predicted that is subscriber base would fall during the current quarter.
Moreover, FUBO delivered mixed Q4 results.
A Q1 Guidance Miss and an Underwhelming Subscription Outlook
FUBO provided Q1 revenue guidance of $407.5 million to $418.5 million, well below analysts' average outlook of $436.9 million.
Further, Fubo predicted that its subscriber base will come in at 1.430 million to 1.460 million as of the end of the current quarter. At the midpoint of the guidance range, that would represent a drop of 4% versus the same period a year earlier. Also noteworthy is that Fubo's paid subscriber base outside of North America tumbled almost 11% year-over-year in Q4 to 362,000.
Fubo's Q4 per-share loss, excluding certain items, came in at 2 cents, significantly better than analysts' average estimate of a per-share loss of 11 cents. However, it generated $431.8 million of revenue during the quarter, meaningfully below the average estimate of $445.2 million.
While we acknowledge the potential of FUBO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FUBO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock
Disclosure: None. This article is originally published at Insider Monkey.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。