FuboTV Stock Rises on Upbeat Preliminary Q2 Results

FuboTV shares edged higher Tuesday as investors reacted positively to preliminary second-quarter results that exceeded expectations. The streaming platform now anticipates North American revenue surpassing $365 million, well above both its previous $345 million guidance and analyst estimates of under $354 million.

Subscriber growth drove the outperformance, with paid users expected to top 1.35 million versus guidance of 1.24 million. International markets showed similar strength, with projected revenue exceeding $8.5 million against a $7 million forecast.

While still projecting an $8 million net loss, this represents significant improvement from the $25 million deficit recorded in Q2 2024. The results suggest FuboTV's growth strategy is gaining traction despite ongoing profitability challenges.