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Shares of FuboTV (FUBO) surged further Monday after a judge ruled in favor of the company in its antitrust challenge to a planned joint sports streaming service by The Walt Disney Co. (DIS), Fox Corp. (FOX.A), and Warner Bros. Discovery (WBD) called Venu Sports.
Venu Sports is a joint venture between Disney, Fox, and Warner Bros. Discovery.
It's been a contentious fight against the joint venture, with Fubo winning a big round on Friday.
NEW YORK--(BUSINESS WIRE)--FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, has been successful in stopping the launch of The Walt Disney Company, FOX Corp. and Warner Bros. Discovery's Venu Sports joint venture (JV) after its request for a preliminary injunction was approved by the U.S. District Court, Southern District of New York today. Today's ruling is significant as Fubo fought against three of the world's biggest media conglomerates to create a.
Judge temporarily blocks sports streaming service Venu, ruling in favor of Fubo TV on antitrust concerns
fuboTV attracts sports fans who want a more convenient way to watch.
FuboTV (NYSE: FUBO ) stock is on the move Tuesday following the release of the sports and entertainment TV streaming company's latest earnings report. For the second quarter of 2024, fuboTV reported adjusted EPS of -4 cents.
Although the revenue and EPS for fuboTV (FUBO) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
fuboTV "beat" on sales and earnings this morning. GAAP profits remain elusive, however.
FuboTV Inc. (FUBO) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.12 per share a year ago.