US Stock Market Move | FuboTV (FUBO.US) fell nearly 20%. It is expected that the total number of Q1 subscribers will decrease by 4%.
28/02/2025
GMT Eight
On Friday, FuboTV (FUBO.US) plummeted by nearly 20% to $2.82. In terms of news, in the first quarter of 2025, Fubo expects total revenue to reach $400 million to $410 million, with a 3% year-on-year increase based on the median calculation; the total number of subscribers is expected to reach 1.43 million to 1.46 million, with a 4% year-on-year decrease based on the median calculation. This outlook reflects the potential impact of the recent non-renewal of the contract with TelevisaUnivision on the number of subscribers. Fubo remains focused on providing its subscribers with the most attractive content viewing options while advancing its profit goals.