fuboTV Inc. (FUBO) shares plunged over 15% in Friday's pre-market trading session, extending declines from after-hours trading on Thursday. The sell-off came after the sports-first live TV streaming platform provided underwhelming guidance for the first quarter of 2025, despite reporting better-than-expected Q4 2024 earnings.
For Q1 2025, fuboTV is projecting North American revenue growth of just 3% year-over-year, along with a 4% decline in total subscribers. The company also expects revenue and subscriber declines for its smaller international business. This weak outlook overshadowed fuboTV's Q4 2024 performance, where revenue grew 8% year-over-year, although it narrowly missed estimates.
Investors were likely expecting stronger guidance from fuboTV after the company's solid Q4 top-line growth and subscriber additions. The disappointing Q1 forecast raises concerns about fuboTV's ability to drive sustained growth in its core North American market, as it faces intense competition from streaming giants like Netflix, Disney+, and others.
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