Fubo reported a loss of $2.47 a share, widening from $1.07 a share in the year-earlier fourth quarter. The latest per-share figure was worse than the FactSet analyst forecast of an 85-cent loss.
Revenue registered $105.1 million in the quarter, swinging from negative revenue of $1.6 million in the year-earlier quarter. The analyst consensus called for revenue of $95.1 million in the latest quarter.
FuboTV recently traded at $40.26, down 3.9%. The stock closed the regular Tuesday session up 8% at $41.89. And it has skyrocketed almost five-fold over the past year, with investors impressed by its story and performance.
FuboTV "executed across all key performance indicators: revenue, average revenue per user, advertising average revenue per user, contribution margin and paid subscribers -- exceeding our previously announced guidance," the company said in a statement.
Month average revenue per user rose 17% in the quarter to $69.19. Subscribers jumped 73% to 548,000 from 316,000.
The "strength of our Q4 net additions was driven by many factors, including our sports-first positioning, which differentiates FuboTV from other live TV streaming platforms,” the company said.
In January, Needham analyst Laura Martin reiterated her buy rating and share-price target of $60 for Fubo.
Positive factors for the company include stronger-than-expected subscriber growth, a live sports button on Hisense's Vidaa TVs available at Walmart (WMT) and new wagering revenues to begin in the next year, Martin said, according to Seeking Alpha.