NYSE:FUBOInteractive Media and Services
FuboTV (FUBO) Stock Gains Momentum As Losses Narrow And Revenue Climbs
FuboTV came into this print with a flat 30 day share performance and a slightly weaker 90 day stretch, then rose 11.6% once investors saw the numbers. The stock reaction suggests increased confidence. The income statement still shows a loss, with basic earnings per share of US$0.25 in the red and net income of US$8.2m in the red for the quarter.
The key point is the recent earnings trajectory. On a trailing twelve month basis, losses from continuing operations and net income have both...