In its last quarter before being acquired by Disney , pay-TV provider Fubo beat Wall Street forecasts and reached 1.63 million North American subscribers.
Fubo’s revenue in the July-to-September quarter dipped 2% from the year-ago period to come in at $368.6 million. Earnings per share hit 2 cents on an adjusted basis, reversing a loss of 8 cents a share in the year-earlier period. The subscriber tally was the company’s highest level ever during the third quarter.
Wall Street analysts had expected a loss of 4 cents a share and revenue of $361.3 million.
Disney last week announced the close of its acquisition of 70% of Fubo, giving it 6 million subscribers across Fubo and Hulu + Live TV, each of which will continue to operate separately. The timing of the announcement appeared

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