FuboTV Stock Sinks on Disappointing 2023 Outlook

FuboTV  stock took a U-turn after markets opened Monday after the sports streaming service issued a disappointing subscriber outlook after seeing an uptick thanks to users who signed up to watch the World Cup.

The company posted revenue of $319 million the fourth quarter ended in December, higher than the prediction by analysts tracked by FactSet of $285.6 million. FuboTV credited the sales to an increase in subscribers as more people bought higher-priced plans and watched the World Cup.