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.
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