FuboTV raises FY24 revenue view to $1.57B-$1.59B from $1.53B-$1.55B

Consensus $1.57B. Fubo is increasing previously announced guidance, now projecting 1,725,000 to 1,745,000 paid subscribers, representing 7% YoY growth at the midpoint. “Fubo continues to make marked progress in scaling our strong core business while achieving our broader strategic goals,” said Edgar Bronfman Jr., executive chairman, Fubo. “We’re carefully balancing our 2025 profitability target while strategically and cost-effectively investing in subscriber growth, cutting-edge technology, new product features and engaging content. We have raised our full year 2024 guidance in North America, which reflects our continued confidence in our sports entertainment streaming business.”