FuboTV says it passed 1 million paid subscribers

Shares of FuboTV Inc. FUBO, -1.60% were initially down 3% successful extended trading Tuesday aft the streaming work reported fiscal third-quarter results. FuboTV reported a nett nonaccomplishment of $105.9 million, oregon 74 cents a share, compared with a nett nonaccomplishment of $274.1 million, oregon $6.20 a share, successful the year-ago quarter. Adjusting for one-time items, the institution announced a nett nonaccomplishment of $81.3 million, oregon 59 cents a share. Revenue changeable up 156% to $156.7 cardinal from $61.2 cardinal a twelvemonth ago. The institution besides disclosed it precocious passed 1 cardinal paid subscribers. Analysts surveyed by FactSet had expected a nett nonaccomplishment of 61 cents a stock connected gross of $143.5 million. FuboTV banal is up 19% truthful acold successful 2021, portion the broader S&P 500 scale SPX, -0.35% has gained 25% this year.