Here's what key metrics tell us about fuboTV's (FUBO) Q3 results

For the quarter ended September 2024, fuboTV Inc. (FUBO) reported revenue of $386.21 million, up 20.3% from the same period last year. Earnings per share were -$0.08, compared to -$0.22 in the year-ago quarter.

Reported revenue compares to the Zacks Consensus Estimate of $377.62 million, representing a surprise of +2.27%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate coming in at -$0.12.

As investors closely scrutinize year-over-year sales and earnings changes and how they compare to Wall Street's expectations to determine their next move, some key metrics always provide a more accurate picture of a company's financial health.

Since these key figures influence sales and profit development, a comparison with the previous year's figures and analysts' estimates helps investors to predict the price development of a stock more accurately.

Here is fuboTV's performance in the just-reported quarter in terms of the metrics most commonly watched and predicted by Wall Street analysts:

• Paid Subscribers – Rest of the World Streaming: 378,000 versus an average of 399,500 estimated by two analysts.

• Paid Subscribers – North America: 1,613,000 versus an average of 1,617,500 estimated by two analysts.

• Revenue – Advertising: $27.05 million compared to the average estimate of $29.30 million based on five analysts. The reported figure represents a change of -11.6% year-on-year.

• Revenue – Subscription: $356.58 million versus an average estimate of $347.57 million estimated by five analysts. Compared to the same quarter last year, this figure represents a change of +23.1%.

• Income – Other: $2.58 million compared to the average estimate of $1.48 million based on three analysts. The reported figure represents a change of +258.1% year-on-year.

All important company figures for fuboTV can be found here>>>

Shares of fuboTV have returned +20% over the past month, while the Zacks S&P 500 Composite has seen a change of -1%. The stock currently has a Zacks Rank #3 (Hold), which suggests it could perform in line with the broader market in the near term.

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