fuboTV‘s (NYSE: FUBO) soon-to-be-announced fourth quarter of fiscal 2020 results should cheer many investors. The live sports streaming TV purveyor unveiled several preliminary metrics from the quarter on Tuesday, and they were quite encouraging.
According to its calculations, the company will earn $94 million to $98 million for the quarter. This would represent at least a 77% increase on a year-over-year basis. It would also be far above the company’s previous guidance of $80 million to $85 million.
Total paid subscribers as of the end of the quarter are forecast to top 545,000, for a gain in excess of 72%. fuboTV’s original estimate was 500,000 to 510,000.