FuboTV Inc. shares plummeted nearly 6% in pre-market trading on Friday, as the company's weaker-than-expected guidance for the first quarter of 2025 overshadowed its better-than-anticipated fourth-quarter 2024 earnings.
For Q4 2024, the sports-focused live TV streaming platform reported revenue of $443.3 million, up 8% year-over-year, although it narrowly missed analysts' estimates of $445.8 million. However, FuboTV's adjusted loss per share of $0.02 beat expectations of a $0.13 loss. Subscription revenue climbed nearly 10%, driven by a 6% increase in subscribers.
Looking ahead to Q1 2025, FuboTV projected revenue growth of just 3% year-over-year for its North American business, along with a 4% decline in subscribers. This disappointed investors, who were likely expecting stronger guidance after the company's Q4 top-line growth and subscriber additions. FuboTV's outlook for its smaller international business was also lackluster, with projected revenue and subscriber declines.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.