Fubotv Inc. Stock Price, News & Analysis

fuboTV Inc. (NYSE: FUBO) has acquired Balto Sports, marking its entry into the online sports wagering market. The terms of the deal remain undisclosed. Balto Sports specializes in fantasy sports tools and will assist fuboTV in launching a free to play gaming platform. The online wagering market is projected to reach $155 billion by 2024. CEO David Gandler expressed optimism about synergies between live sports streaming and wagering, viewing this acquisition as a pathway to diversify revenue streams and enhance user engagement.

fuboTV Inc. (NYSE: FUBO) has appointed Mike Berkley as chief product officer, effective immediately. Berkley, a seasoned product leader with over 20 years of experience in streaming video, will oversee product strategy for fuboTV's platforms, including smart TVs, mobile, and web. His previous roles include senior positions at Spotify, Viacom, and Comcast. CEO David Gandler emphasized the importance of product advancements for the company's growth, highlighting potential in casual gaming and wagering integrated with live sports viewing. This appointment follows fuboTV's recent public offering.

fuboTV Inc. (NYSE: FUBO) announced its Q3 2020 financial results, marking the strongest quarter in its history with revenues of $61.2 million, a 47% year-over-year increase. Key metrics included a 64% rise in subscription revenue and 153% increase in advertising revenue, with a total of 455,000 paid subscribers, up 58% year-over-year. The company reported a net loss of $274.1 million, impacted by non-cash charges from the legacy FaceBank business. Looking forward, fuboTV expects Q4 revenues of $80-85 million and to reach 500,000 paid subscribers, showcasing strong growth potential.

fuboTV (NYSE: FUBO) announced that its management team will engage in virtual meetings with institutional investors during the Roth Technology Virtual Event on November 12, 2020. Co-founder and CEO David Gandler will participate in a panel discussion titled Digital Transformation in the Pandemic and Post-Pandemic Era at 10 a.m. ET. Known for being a sports-first live TV streaming platform, fuboTV offers subscribers over 100 channels, including 43 of the top 50 Nielsen-ranked networks. Their merger with FaceBank Group in April 2020 positioned them as a leading digital entertainment company.

fuboTV (NYSE: FUBO) announces its Q3 2020 financial results will be released after market close on November 10, 2020. CEO David Gandler and CFO Simone Nardi will lead a live video webinar at 5:30 p.m. ET following the results. The event will be accessible on fuboTV's investor relations website, and an archived replay will be available post-event. fuboTV is a sports-first live TV streaming platform, offering over 100 channels and access to numerous live sports events annually, continuously innovating within the sector.

fuboTV has partnered with AT&T SportsNet to offer live coverage of the Pittsburgh Pirates and Pittsburgh Penguins games, starting with the 2020/2021 NHL season. Subscribers in Pennsylvania, West Virginia, and parts of New York, Ohio, and Maryland will access over 225 live games along with additional programming. This deal enhances fuboTV's sports offerings, which already includes 50,000 live sporting events annually and extensive local coverage in Pittsburgh. The agreement highlights fuboTV's commitment to providing affordable sports coverage for fans.

fuboTV (NYSE: FUBO) has enhanced its Multiview feature on Apple TV, allowing users to watch up to four channels simultaneously, up from two. Currently, 10% of subscribers have access, with a full rollout expected soon. This is timely, aligning with the start of the Big 10 college football season, and caters to sports fans who enjoy watching multiple events. fuboTV offers over 50,000 live sporting events annually and is the only virtual MVPD streaming 11 Thursday Night Football games and the 2020 World Series in 4K.

fuboTV Inc. (NYSE: FUBO) has successfully closed a public offering of 18,300,000 shares at $10.00 each, grossing approximately $183 million before expenses. The effective Registration Statement on Form S-1 was filed with the SEC. Evercore ISI led the offering, supported by additional joint bookrunners, including BMO Capital Markets and Needham & Company. This capital infusion aims to bolster fuboTV's position as a leading sports-first live TV streaming platform, delivering extensive sports and entertainment content to subscribers.

fuboTV announced the upsize and pricing of its underwritten public offering, increasing the size from 15,000,000 to 18,300,000 shares, priced at $10.00 each. The offering is expected to close around October 13, 2020, subject to customary conditions and includes an additional 30-day option for underwriters to purchase up to 2,745,000 shares. fuboTV’s common stock has also been approved for listing on the NYSE under the symbol 'FUBO,' starting October 8, 2020. This underlines fuboTV's commitment to expanding its market presence following its merger with FaceBank Group.