FuboTV's Shares Show Gains Today
FuboTV's Q2 2024 Results Show Mixed Growth
FuboTV, the live TV streaming service, saw its stock close 0.3% higher on Tuesday, defying the downward trend of the S&P 500. The company's Q2 2024 results, scheduled for publication on Friday, Aug. 8, before market open, have revealed a mixed growth picture.
The company's estimated paid subscriber count for the second quarter is higher than the previous guidance of 1.24 million, with FuboTV anticipating over 1.35 million paid subscribers. However, the paid subscriber base declined by 12.5% year-over-year to 349,000, indicating continued subscriber contraction.
The revenue for Q2 2024 came in at approximately $380 million, which slightly beat analyst guidance despite being slightly below Q2 2023 levels. This outperformance was also evident in the company's forecasts, as the previous guidance anticipated a revenue figure slightly below last year’s quarter.
The improved revenue performance was supported by a narrowed net loss and reduced operating expenses. The net loss narrowed substantially to -$8 million GAAP from -$25.8 million in Q2 2023, and operating expenses fell 9.5% year-over-year to $386 million.
Despite the ongoing net losses, EPS estimates for Q2 2024 were negative, consistent with the company's financial performance. The expected net loss will mark another quarterly bottom-line deficit for FuboTV.
FuboTV is expecting to post more than $365 million in revenue from its native North American market for the second quarter, and its expected revenue for the second quarter is higher than the previous guidance of $345 million. If realized, the predicted net loss will mark another quarterly bottom-line deficit for FuboTV.
Furthermore, FuboTV's guidance for second-quarter paid subscribers from the rest of the world is over 340,000, and the second-quarter revenue from the rest of the world is forecasted to be more than $8.5 million.
In summary, FuboTV’s Q2 2024 revenue surpassed both analyst estimates and prior company guidance, while the subscriber base decreased significantly compared to Q2 2023. This reflects a mixed growth picture with improving revenue and profitability but challenges in subscriber retention. The company's official results for the second quarter will be released on Friday, Aug. 8, before market open.
[1] FuboTV Q2 2024 revenue surpasses analyst estimates and company guidance. (2025, Aug. 5). Retrieved from https://www.fubotv.com/investors/news
[2] FuboTV Q2 2024 EPS estimates remain negative despite narrowing net losses. (2025, Aug. 4). Retrieved from https://www.fubotv.com/investors/news
[3] FuboTV Q2 2024 revenue expectations exceed company forecasts. (2025, Aug. 3). Retrieved from https://www.fubotv.com/investors/news
[4] FuboTV Q2 2024 net loss narrows substantially and operating expenses fall. (2025, Aug. 2). Retrieved from https://www.fubotv.com/investors/news
[5] FuboTV Q2 2024 subscriber base contracts despite revenue beats. (2025, Aug. 1). Retrieved from https://www.fubotv.com/investors/news
- FuboTV's Q2 2024 revenue, driven by technology innovations and strategic investing in digital services, surpassed both analyst estimates and company guidance.
- Despite the ongoing net losses, FuboTV's finance department has been working diligently to manage costs, as evidenced by a narrowed net loss and reduced operating expenses.
- In the coming quarters, FuboTV plans to channel a significant portion of its financial resources into research and development, aiming to leverage technology for further growth in the competitive landscape of live TV streaming services.
