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Why fuboTV Is Tumbling Today

TheMotleyFool

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Shares of fuboTV (NYSE: FUBO) were tumbling 19% in midday trading after the livestreaming sports TV platform reported third-quarter earnings after the market closed yesterday, despite showing strong results across the board.

Revenue of $156.7 million was ahead of Wall Street estimates of $143.5 million while an adjusted loss of $0.59 per share beat analysts' forecasts of a $0.61-per-share loss (consensus estimates typically don't include one-time items that are reconciled by the adjusted figure a company reports).

fuboTV also expects to end 2021 with 1.06 million to 1.07 million subscribers, better than the 927,000 subscribers analysts predicted.

Source Fool.com

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