fuboTV Inc. (FUBO) saw its stock plummet by 5.28% on Monday, as the company grappled with strategic challenges and issued disappointing guidance for the next quarter. The sell-off came amidst concerns over fuboTV's ability to navigate the competitive streaming landscape and meet growth expectations.
Analysts at Barrington Research reiterated a "Hold" rating on FUBO stock, citing a mixed outlook for the company. While acknowledging fuboTV's opportunities in the rapidly evolving streaming market, the analysts flagged potential headwinds and strategic challenges that could impact its performance.
Adding to the negative sentiment, fuboTV's guidance for the upcoming quarter fell short of analysts' estimates. The company projected revenue of $413 million, which was 6.2% below consensus expectations, while its non-GAAP loss per share was 82.4% higher than anticipated. This disappointing guidance raised concerns among investors about fuboTV's ability to achieve profitability and sustain its growth trajectory.
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