DIS - fuboTV's Decline Should Continue
2024-05-22 15:34:35 ET
Summary
- fuboTV Inc. stock has plummeted 35.7% since February, despite some positive growth in user base and narrowing losses.
- The company faces significant competition and uncertainty due to a joint sports streaming venture between Disney, Warner Bros. Discovery, and Fox Corp.
- fuboTV's financial performance is improving, but it may take several years before it reaches profitability and justifies its current valuation.
The last few months have been a wild ride for shareholders of fuboTV Inc. ( FUBO ). For those not familiar with the company, it operates largely as a live-streaming platform that has built its business around streaming sports. It has been moving in the direction of other streaming content as well. But with larger players in the streaming market growing, the company is faced with a tremendous amount of uncertainty regarding its future....
fuboTV's Decline Should Continue