Fubotv Inc. Stock Price, News & Analysis

fuboTV (NYSE: FUBO) announced its intent to acquire Vigtory, a sports betting and interactive gaming company, aiming to launch a sportsbook by year-end. The deal, details of which remain undisclosed, is expected to close in Q1 2021, subject to conditions. fuboTV plans to use Vigtory's technology to enhance customer betting experiences, leveraging existing market access in Iowa. Additionally, fuboTV forecasts significant growth in the online wagering market, potentially reaching $155 billion by 2024, and aims to integrate its sportsbook into its streaming platform for a seamless user experience.

fuboTV Inc. (NYSE: FUBO) reports strong preliminary results for Q4 2020, surpassing its revenue and subscriber guidance. Expected Q4 revenue is between $94-$98 million, marking a 77%-84% year-over-year increase, compared to prior guidance of $80-$85 million. Paid subscribers are anticipated to exceed 545,000, a growth of over 72% year-over-year, exceeding the earlier forecast of 500,000-510,000. CEO David Gandler praised the results, highlighting ongoing strategies for growth, including advertising revenue and sports wagering integration.

fuboTV Inc. (NYSE: FUBO) announced that Co-founder and CEO David Gandler, along with CFO Simone Nardi, will participate in a fireside chat at the 23rd Annual Needham Virtual Growth Conference on January 12, 2021, at 10:45am ET. This event will also include virtual one-on-one and small group meetings with institutional investors throughout the day. The live presentation and a subsequent webcast can be accessed here and will be available on the Events & Presentations section of fuboTV's investor relations website.

fuboTV (NYSE: FUBO) has launched its service on Hisense Smart TVs featuring the VIDAA Smart operating system. This collaboration allows consumers to access live sports and entertainment seamlessly through a dedicated Sports button on the remote. The new Hisense 9602 model comes pre-installed with fuboTV and offers over 100 live channels, along with various viewing features such as cloud DVR, personalized profiles, and multi-channel browsing. This launch emphasizes fuboTV's commitment to innovative streaming solutions in the competitive sports broadcasting market.

fuboTV (NYSE: FUBO) has announced the addition of EPIX to its live TV streaming platform, enhancing its entertainment offerings. Subscribers can now enjoy hit movies and acclaimed original series, including Godfather of Harlem and Pennyworth. The package also features NFL: The Grind, a docuseries produced by NFL Films. Available for $5.99/month, a promotional price of $2.99/month is offered for the first three months. This addition aims to increase subscriber value and provide a wider content variety.

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.