business-lawsuit2.665 min read "FuboTV CEO Criticizes Competitors Amid Strong Q4 Growth and Revenue Beat"
FuboTV CEO David Gandler criticized Disney, Fox, and Warner Bros. Discovery, alleging anticompetitive practices and filing a lawsuit to block their new sports-streaming joint venture. Despite reporting a narrower-than-expected loss and better-than-expected revenue in the fourth quarter, FuboTV's shares fell 8.2% midmorning. The company reported a net loss of $71 million, with total revenue growing 28% to $410.2 million. Gandler expressed confidence in achieving the 2025 positive cash flow goal and forecasted 2.055 million to 2.095 million total paid subscribers and $1.536 billion to $1.56 billion total revenue for 2024.
2 years ago•Source: MarketWatch
