Fubo Hits 1.7M Subscribers In Mixed Q4, Hails Pending Acquisition By Disney; Stock Plunges 20%
Pay-TV provider Fubo posted mixed fourth-quarter results and highlighted its pending acquisition by Disney during a conference call with Wall Street analysts. Revenue ticked up 8% in the period ended Dec. 31 compared with the year-ago period, hitting $433.8 million. Net losses per share narrowed to 2 cents from 18 cents in the year-earlier quarter. […]