Live TV streaming platform operator fuboTV Inc. (FUBO) allows customers to access content through streaming devices. Recently, the company raised its 2023 revenue guidance for North America. FUBO expects revenue of $1.26 billion to $1.28 billion, representing 29% year-over-year growth at the midpoint. However, it is yet to achieve positive cash flow.
The company’s topline growth has been impressive over the years. Over the past three years, its revenue grew at a 176.8% CAGR. On the other hand, its profitability is still in the red. Its trailing-12-month net income margin of negative 37.09% compares to the industry average of 3.60%.
