FuboTV raises Q2 revenue view to $373.5M from $352M, consensus $353.77M

Sees Q2 adjusted EBITDA at least $20M. The company said, “Fubo‘s second quarter net loss is expected to be approximately $8 million, an improvement of approximately $18 million year-over-year, and Adjusted EBITDA is expected to be at least $20 million, an increase of at least $30 million YoY, which would represent Fubo’s first quarter of positive AEBITDA. The Company is also expected to end the quarter with at least $285 million in cash, cash equivalents and restricted cash. The Company is pleased with its preliminary second quarter results, including the YoY improvement in net loss and achievement of positive AEBITDA. At this time, Fubo will pause providing guidance of future results while the proposed business combination with Hulu + Live TV is pending. The Company remains committed to operating its business to align with long-term value creation, in the best interests of its shareholders. Fubo recognizes the need to retain flexibility during this period leading up to the anticipated business combination. As a result, Fubo is withdrawing its previously communicated 2025 profitability target, and pausing providing subscriber and revenue guidance.”