How did FuboTV (Fubo) perform in premarket?

FuboTV Inc (NYSE:FUBO) shares soared in premarket by as much as 10% after the company reported fiscal first-quarter 2024 results. Sales grew 24.0% Y/Y to $402.4 million, beating the analyst consensus estimate of $381.3 million. Adjusted EPS loss of $ (0.11) beat the analyst consensus loss estimate of $ (0.21).

How does FuboTV work?

Subscribers can interact with fuboTV’s live streaming experience through predictive free-to-play games, which are integrated into select sports content. Fubo Gaming Inc., a subsidiary of fuboTV Inc., launched Fubo Sportsbook, a next-generation mobile sportsbook purpose-built to integrate with fuboTV, in 2021.

Does Fubo carry NewsNation?

The agreement will also extend Fubo's existing agreement to carry NewsNation, Nexstar's national cable news network. On Tuesday, Fubo announced that it closed a privately negotiated exchange with a holder of its 3.25% convertible senior notes due 2026, which will reduce the company's debt by $28.3 million.