FuboTV (NYSE: FUBO) reported strong Q124 results with sales up 24%, beating estimates. North America revenue up 24%, paid subscribers up 18%, and ARPU up 10%. Lawsuit against DIS, FOX, WBD remains. Q2 and FY24 revenue outlook revised upwards. FUBO stock up 11% at $1.72 premarket.
Xerox reported disappointing fiscal Q1 results with a 12.4% decline in sales. Adjusted EPS also missed expectations. Company expects steady revenue and free cash flow in FY24.
Xerox Holdings Corp (NASDAQ: XRX) reported a fiscal first-quarter 2024 sales decline of 12.4% year-on-year to $1.50 billion, missing the consensus of $1.53 billion. Revenues declined 13.2% at constant currency. Adjusted EPS of $0.06 missed the analyst consensus of $0.35. The stock price declined after the print. Equipment sales decreased by 25.8%, while post-sale revenue declined by 8.5%. Gross margin declined 480 basis points Y/Y to 29.5%. The equipment margin fell by 550 bps to 31.0%. The post