FUBO - fuboTV: Cheapness Has Nothing To Do With It
2024-02-09 03:37:37 ET
Summary
- fuboTV sparks debate with mixed outlooks, even as optimists project $2 billion in revenues as a forward run-rate at some point in 2024.
- Financial uncertainties escalate with FUBO's current cash burn rate and net debt of approximately $140 million, intensifying worries about its financial health.
- The likelihood of negative $150 million in free cash flow within 18 months and the need for capital raising by early 2025 add complexity to the Company's investment proposition.
Investment Thesis
fuboTV ( FUBO ) is a highly contentious stock. This business has very mixed prospects, which gives ammunition to both the bulls and the bears. The bulls can point to 2024 as being the year that fuboTV will at some point reach $2 billion in revenues as a forward run rate....
fuboTV: Cheapness Has Nothing To Do With It