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fuboTV reports first $100 million quarter

Shares of fuboTV Inc. were down 3% in extended trading Tuesday after the live-sports streaming service reported spikes in quarterly revenue and subscribers. The company said fourth-quarter revenue nearly doubled, to $105.1 million, from a year ago as its number of subscribers improved 73% to 548,000. In a letter to shareholders, fuboTV said it expects sales of $101 million to $103 million in its current quarter, and subscribers of 520,000 to 530,000. FuboTV’s stock is up an astounding 373% over the last 12 months. The broader S&P 500 index is up 29% over the past year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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