tv video film broadway

FuboTV Stock Jumps 20% On Q3 Streaming Subscriber Gains

Reading now: 835
deadline.com

Dade Hayes Finance EditorShares in FuboTV, which recently went public, jumped more than 20% in early trading Wednesday after the company reported better-than-expected subscriber numbers for its streaming TV packages.After the close of trading Tuesday, Fubo reported 455,000 subscribers as of September 30, up 58% from the same period in 2019 and ahead of forecasts from the company and Wall Street analysts.

Total revenue increased 47% to $61.2 million. Average revenue per user, a key metric in the streaming business, came in at $67.70 per month in the quarter, up 14% from the prior-year quarter.FuboTV stock, which went public in mid-October, went past $19 a share Wednesday on trading volume more than five times normal levels.

Read more on deadline.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA