FuboTV Earnings Preview: Can FUBO stock overcome the Netflix effect?

The stock is down a huge 86% over the last six monthsBuy-the-dip takes on new meaning with such a significant fall. Where exactly is the dip? At least, now with FUBO, you know the downside is limited to a $5 loss per share as. So when if ever is it time to buy FUBO?

Revenue is expected to show continued improvement to $242.6 million. This would represent a growth rate of over 100% year on year. Earnings per share is due to come in at $-0.53. The problem for FUBO is not on the revenue side, though, it is on the cost basis. Revenue has ballooned from $5.8 million in September 2019 to $231 million by the end of December 2021. However, in the same time period operating income has gone from a $7 million loss to a $106 million loss.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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