Why Is FuboTV Stock Trading Down Friday?

FuboTV Inc  (NYSE:FUBO) shares are trading higher after the company reported fourth-quarter fiscal 2023 results. Sales grew 28.5% Y/Y to $410.18 million, beating the consensus of $397.8 million.

Adjusted EPS loss of $(0.17) beat the consensus loss of $(0.31).

The company’s gross margin stood at 10%, an 888 bps Y/Y improvement. Also, it witnessed a 662 bps reduction in subscriber-related expenses (SRE) as a percentage of …

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