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FUBO - fuboTV: Move On And Never Look Back - Unsubscribe 2.0
fuboTV Inc.
fuboTV delivered a highly disappointing Q1 card as it missed both lines. It also revised its FY22 guidance, given weaker ad spending and potentially higher churn metrics.
fuboTV also saw its gross margins fall into the red, as it had to deal with higher content costs. Given its scale, fuboTV is highly susceptible to cost increases.
We revise our rating from Hold to Sell. We updated investors on why we unsubscribed in March. We urge investors still around to unsubscribe from fuboTV.