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Zawya
31-07-2025
- Business
- Zawya
Abu Dhabi-listed Etisalat reports 9.7% rise in Q2 net profit
The UAE telecoms group e& has posted a net profit of 3.5 billion dirhams ($953 million) for Q2 2025, a 9.7% increase year-on-year (YoY), on the back of a 13% rise in its subscriber base. The effort easily beat analysts' mean estimate of AED 2.84 billion, according to data provider LSEG. For H1 2025, the Abu Dhabi-listed telecoms group grew its net profit 61% YoY to AED 8.8 billion. Consolidated revenue increased to AED 34.9 billion, up 23.3% YoY. The group's subscriber base grew to 198 million globally, marking a 13% YoY increase. E&'s board has approved a dividend per share of AED 0.43 for H1. (Writing by Brinda Darasha; editing by Bindu Rai)
Globe and Mail
11-07-2025
- Business
- Globe and Mail
Why FuboTV Stock Skyrocketed 206% in the First Half of the Year
Key Points Fubo soared on its merger announcement with Hulu + Live TV The move will triple Fubo's subscriber base, leading the stock to roughly triple. The business still faces challenges, including its lack of profitability. 10 stocks we like better than fuboTV › Shares of FuboTV (NYSE: FUBO) soared in the first half of the year, as the company agreed to a merger with Walt Disney (NYSE: DIS). According to data from S&P Global Market Intelligence, the stock finished the first half of 2025 up 206%. The stock's gains came entirely from news of the merger, as the Disney deal, which will merge Fubo with Hulu + Live TV, values the sports streaming stock significantly higher than what it was trading for before the news. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » However, there was also other news out of Fubo, and the stock did pull back modestly following the merger announcement in January. As you can see from the chart, the stock soared on the announcement at the beginning of the year, and then drifted lower before rebounding with the broad market in May and June. FUBO data by YCharts Fubo makes a deal The big news out on Fubo this year was, of course, the merger with Hulu + Live TV. According to the terms of the deal, Disney will own 70% of the combined company, which will continue trading under the Fubo ticker. The deal also resolved outstanding litigation between the two companies at the time, which was related to the Venu Sports joint venture that was later disbanded. The stock tripled on the news, because the move will triple Fubo's viewing audience, and Fubo will also receive a $220 million payment as a result of the agreement. While the move does make Fubo a significantly larger company, it might not be the simple value add that investors hope it will be. Fubo continued to be unprofitable into 2024, reporting an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss narrowed from $201 million to $86.1 million, while revenue grew 8% to $431.8 million. In the first quarter, meanwhile, revenue rose 3.5% to $407.9 million, and sees revenue declining in the second quarter. Additionally, the Department of Justice announced an investigation into the deal on antitrust grounds in April. What's next for Fubo? Investors are still betting that the deal will go through, as the stock recovered strongly through May and June. The merger does appear to be the best outcome for Fubo, and Disney's reach, expertise, and experience with ESPN could help drive its success in the meantime. However, even if the deal stays on track, investors should expect the stock to be volatile, as the business is still losing money. Should you invest $1,000 in fuboTV right now? Before you buy stock in fuboTV, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and fuboTV wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,432!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,005,854!* Now, it's worth noting Stock Advisor 's total average return is1,049% — a market-crushing outperformance compared to180%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 7, 2025
