Shares of sports-first live TV streaming platform fuboTV Inc. (FUBO) are climbing more than 13% Tuesday morning after the company announced preliminary fourth quarter revenue and subscriber growth.
The company sees revenue in the fourth quarter in the range of $94 million-$98 million compared with the prior guidance of $80 million-$85 million. This represents an year-over-year growth of 77% to 84%.
Paid subscribers at year-end are expected to exceed 545,000, an increase of more than 72% year-over-year. Prior guidance was for 500,000-510,000 subscribers.
FUBO, currently at $27.44, has been trading in the range of $5- $62.69 in the last one year.
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