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Fubo begins to right the ship under new CEO Alisa Bowen
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TheDesk.net
Total revenue during fiscal Q3 clocked in at $1.48 billion, up 38 percent from $1.07 billion on an as-reported basis.
On a pro forma basis that assumes the transaction occurred before the comparison period, revenue was essentially unchanged from $1.48 billion.
North American revenue reached $1.47 billion, compared with pro forma revenue of $1.48 billion a year earlier.
The company reported a net loss of $25.7 million, compared with an as-reported loss of $38 million and a pro forma loss of $72 million a year earlier.
Specific plans weren’t outlined in Bowen’s letter that accompanied Fubo’s fiscal Q3 earnings release, but Bowen promised to offer more insight into her long-term vision for the company during its November conference call.