Fubotv Inc. Stock Price, News & Analysis

fuboTV Inc. (NYSE: FUBO), a premier sports-first live TV streaming platform, announced that Co-founder and CEO David Gandler, along with CFO Simone Nardi, will participate in key investor conferences this month. They will present at the RBC Capital Markets Global Technology, Internet, Media, and Telecom Conference on November 16, 2021, at 11:20 a.m. ET, and host one-on-one meetings at the ROTH 10th Annual Technology Event on November 17, 2021. Investors can access the live presentation via a direct link provided in the announcement.

fuboTV Inc. (NYSE: FUBO) has entered into a binding agreement to acquire France's leading live TV streaming service, Molotov SAS, for €164.3 million (approximately $190 million), primarily in equity. The acquisition aims to enhance fuboTV's global expansion strategy, leveraging Molotov's nearly four million monthly active users and localized streaming technology. The deal expects to finalize in Q1 2022, positioning fuboTV for significant international growth and a more robust content offering, particularly in sports.

fuboTV Inc. (NYSE: FUBO) reported exceptional Q3 2021 results, achieving $156.7 million in revenue—an impressive 156% year-over-year increase. The company reached 944,605 paid subscribers, marking a 108% increase from the previous year, and hit the milestone of one million total subscribers shortly after the quarter ended. Advertising revenue also surged, showing a 147% growth. fuboTV raised its full-year guidance, demonstrating strong momentum in its business strategy.

Fubo Gaming, a subsidiary of fuboTV (NYSE: FUBO), has officially launched Fubo Sportsbook in Iowa. This sportsbook allows users aged 21 and over to bet on thousands of professional and collegiate sporting events through an integrated mobile app that enhances the viewing experience on fuboTV. The launch is part of Fubo's strategy to cater to the growing demand for interactive sports engagement. The U.S. sports betting market is projected to grow from $2.1 billion in 2021 to $10.1 billion by 2028, indicating significant growth potential for Fubo Sportsbook.

fuboTV Inc. (NYSE: FUBO) has integrated with dentsu international's M1 to enhance advertising capabilities on its platform. Advertisers can now utilize M1’s people-based insights and fuboTV's first-party addressable data, targeting specific audiences across the platform’s inventory of 50,000 live sports events annually. As digital live sports viewers in the U.S. are expected to reach 57.5 million this year, this partnership aims to capitalize on the shift from linear TV to connected TV (CTV), with fuboTV reporting 94% of its viewing hours on CTV in the second quarter of 2021.

fuboTV Inc. (NYSE: FUBO) will announce its third quarter 2021 financial results on November 9, 2021, after market close. The CEO, David Gandler, and CFO, Simone Nardi, will discuss the results during a live video webcast at 5:30 p.m. ET on the same day. Investors can access the webinar via fuboTV's investor relations website and submit questions ahead of time. Notably, fuboTV is focused on becoming a leader in interactive sports streaming and will launch the Fubo Sportsbook in Q4 2021, pending regulatory approvals.

Fubo Sportsbook, a mobile sportsbook from Fubo Gaming, has announced a partnership with NASCAR to become an Authorized Gaming Operator. This marks Fubo Sportsbook's first venture into auto racing and its third major marketing partnership in professional sports, following deals with the New York Jets and Cleveland Cavaliers. Fubo Sportsbook aims to enhance the wagering experience for NASCAR fans and is set to launch in Q4 2021, pending regulatory approvals. The partnership will leverage at-track promotions and NASCAR's digital platforms.

fuboTV Inc. (NYSE: FUBO) has announced a new carriage agreement with AT&T SportsNet Rocky Mountain to stream coverage of the Utah Jazz, Vegas Golden Knights, and Colorado Rockies. This partnership will enhance fuboTV's offerings ahead of the 2021-2022 NBA and NHL seasons, starting in Nevada, Utah, and surrounding areas. The deal expands fuboTV's local coverage and supports its mission to provide affordable access to regional sports. The company aims to deliver over 50,000 live sporting events annually, strengthening its position as a leading sports-first streaming platform.

Fubo Gaming, a subsidiary of fuboTV (NYSE: FUBO), has announced a long-term partnership with the Cleveland Cavaliers, marking its first deal with an NBA team. This collaboration aims to enhance the Fubo Gaming brand visibility in Ohio through various marketing channels, including high-impact signage at Rocket Mortgage FieldHouse, team broadcasts, and social media. Fubo Gaming plans to launch the Fubo Sportsbook in Q4 2021, pending regulatory approvals. The partnership promotes engaging sports experiences for fans and strengthens Fubo Gaming's presence in the competitive sports betting landscape.