What Happened?

FuboTV says the company is expected to close the third quarter of 2022 with North America (NA) revenue of at least $210 million, an increase of approximately 34% year-over-year, and Rest of World (ROW) revenue of at least $5.5 million.

Prior third quarter revenue guidance for the NA streaming business was $200-205 million and $5-6 million for ROW. ROW includes Molotov, the French live TV streaming service acquired by FuboTV in December 2021.

Additionally, the company says it expects to post approximately negative $100 million of Adjusted EBITDA (AEBITDA) in the third quarter.

Fubo's balance of cash and cash equivalents at the end of the quarter is expected to be at least $300 million.

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According to data from Benzinga Pro, FuboTV has a 52-week high of $35.10 and a 52-week low of $2.32.