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FuboTV’s Subscribers Hit a Record. The Stock Is Falling Anyway.
FuboTV‘s quarterly revenue came in higher than it had told investors to expect, but the stock fell in response to mixed forecasts from the streaming company.
The company reported an adjusted loss of 57 cents a share in the fourth quarter, ended in December, wider than the loss of 55 cents expected by analysts. Revenue of $231 million was higher than the $215 million to $220 million FuboTV (ticker: FUBO) estimated in January and ahead of the $213.3 million analysts had expected.
The…