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Fubotv surges on strong Q2 rev forecast, upbeat Q1 results

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** Fubotv shares FUBO.N surge 8% premarket as streaming firm posts strong Q2 revenue forecast, better-than-expected Q1 results

** Stock to open at 3-week high at $1.68 if gains hold through open

** Co sees Q2 rev in range of $357.5 mln and $367.5 MLN, beating Street expectations of $355.23 mln - LSEG data

** FUBO's Q1 adj loss of 11 cents/shr is narrower than the loss of 21 cents/shr anticipated by analysts - LSEG data

** FUBO also beats analyst expectation for Q1 rev - LSEG data

** Still, co has not posted positive operating cashflows since Sept 2020

** Up to last close, stock had fallen 51.3% YTD

Reporting by Johann M Cherian in Bengaluru


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