fuboTV Inc.'s stock took a sharp dive of 7.23% in Tuesday's intraday trading session, weighed down by analyst concerns over the company's upcoming quarterly performance.
Ahead of fuboTV's earnings release, Wall Street analysts have forecast a quarterly loss of $0.12 per share for the streaming service provider. While this represents a 29.4% increase year-over-year, analysts also expect revenues to rise by a modest 8.9% to $446.66 million.
Analysts' projections for key metrics such as advertising revenue, subscription revenue, and paid subscriber growth have painted a mixed picture. While paid subscriber numbers in North America are expected to increase significantly, advertising revenue is anticipated to decline by 1.1% compared to the prior-year quarter.
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