fuboTV has been on fire lately. In the past six months alone, the company’s stock price has rocketed 135%, reaching $3.34 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
FuboTV partners with Rangers Sports Network to stream Texas Rangers games on its sports-centric live TV platform. This strengthens its position as the go-to platform for local sports and offers other entertainment options.
Stocks under $10 pique our interest because they have room to grow (as well as the most affordable option contract premiums).
That doesn’t mean they’re bargains though, and we urge investors to be careful as many have risky business models.
Shares of live sports and TV streaming service fuboTV (NYSE:FUBO)
fell 22.2% in the morning session after the company reported weak fourth-quarter results, with next-quarter revenue guidance missing expectations and international subscriber numbers falling short of Wall Street's estimates. While revenue grew 8% year-on-year, this marked a slowdown from previous quarters due to weaker subscriber additions.
Live sports and TV streaming service fuboTV (NYSE:FUBO) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 8.1% year on year to $443.3 million. On the other hand, next quarter’s revenue guidance of $413 million was less impressive, coming in 6.2% below analysts’ estimates. Its non-GAAP loss of $0.02 per share was 82.4% above analysts’ consensus estimates.
FuboTV (NYSE: FUBO) gained on Friday after reporting fourth quarter 2024 results with sales of $443.277 million, adjusted EPS loss of 2 cents, and plans to launch a new Sports & Broadcasting service.
