Shares in FuboTV have rebounded strongly after the streaming pay-TV bundle operator released preliminary fourth-quarter results showing more subscriber growth and better-than-expected revenue.The stock rose more than 16% past $28 in early trading, on twice the normal level of volume, erasing some of its recent losses.Total revenue in the quarter is expected to come in at $94 million and $98 million, the company said, which would be a 77% to 84% gain from the same period in 2019.
The company had previously estimated it would reach $80 million to $85 million. (Fubo merged with FaceBank Group in 2020, making the comparisons with the prior-year quarter inexact.)Fubo expects to have 545,000 subscribers by the end of the year, up 72% over its
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