Fubo Losses Narrow In Q3; Pay-TV Operator “Encouraged” By Support In Legal Fight Against Disney, Fox And Warner Bros. Discovery
deadline.comAs Fubo‘s legal battle against Disney, Fox and Warner Bros. Discovery continues, the pay-TV operator reported better-than-expected third-quarter results.
Revenue in the period ended September 30 increased 20% over the same frame a year ago to reach $386.2 million. Losses narrowed to 17 cents a share from 29 cents a year ago.
Those top- and bottom-line metrics both came in ahead of Wall Street analysts’ expectations. On a conference call with analysts to discuss the results, the company said it would not address the topic of Fubu’s lawsuit against the companies behind streaming joint venture Venu Sports.
Execs did take it on in their quarterly letter to shareholders. The suit is projected to go to trial next October. In the meantime, a federal appeals court is reviewing the U.S.
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