FuboTV Raises Q4 Revenue Guidance, Subscriber Metrics

FuboTV raised guidance for Q4 revenue and subscriber metrics, said the company Monday. Q4 revenue is now expected to be $215 million-$220 million vs. guidance of $205 million-$210 million; full-year revenue was upped to $622 million-$627 million from $612 million-$617 million. Q4 advertising revenue is seen topping $25 million, rising 90% year on year, it said. Fubo projects paid subscribers at the end of 2021 of 1.1 million vs. prior guidance of 1.06 million-1.07 million. Metrics exclude contributions from French livestreaming platform company Molotov, acquired in December (see 2112080030). The sports-based virtual MVPD is expected to report Q4 earnings in early March. The stock hit a 52-week low at $12.79 before closing down $2.93 at $13.56.