1 Growth Stock Down 97% to Buy Right Now
It's not difficult to understand why shares of streaming television name fuboTV (FUBO 2.35%) have been upended since peaking in late 2020. The COVID-19 pandemic essentially trapped millions of people at home, giving them time and reason to shop around for cost-effective entertainment.
Why fuboTV Stock Shot Up 22.5% Last Month
The company made a deal with a regional sports network.
1 Forgotten Growth Stock Down 95% Could Soon Soar 60%, According to Select Wall Street Analysts
This stock is down 95% in the past 3 years.
fuboTV Gets Tackled By A Fickle Mr. Market
Shares of fuboTV took a dive on November 1st after management announced results for the third quarter of the 2024 fiscal year. This came amidst worse-than-expected results in North America, though the business did grow nicely, and it's getting closer to profitability. Until FUBO can get its house in order, which is something it is making nice progress toward, it's a risky play.
fuboTV Inc. (FUBO) Q3 2024 Earnings Call Transcript
fuboTV Inc. (NYSE:FUBO ) Q3 2024 Earnings Call Transcript November 1, 2024 8:30 AM ET Company Participants Ameet Padte - SVP, IR David Gandler - Co-Founder and CEO John Janedis - CFO Conference Call Participants Laura Martin - Needham Alicia Reese - Wedbush Darren Aftahi - ROTH Operator Ladies and gentlemen, thank you for standing by. My name is Desiray, and I will be your conference operator today.
Here's What Key Metrics Tell Us About fuboTV (FUBO) Q3 Earnings
Although the revenue and EPS for fuboTV (FUBO) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
FuboTV Inc. (FUBO) Reports Q3 Loss, Tops Revenue Estimates
FuboTV Inc. (FUBO) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.22 per share a year ago.
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These stocks have all lost more than 80% of their value in the past five years.
1 Streaming Stock to Buy Hand Over Fist, and 1 to Avoid
Neither has performed well this year, but one of them remains a good long-term bet.
Where Will fuboTV Stock Be in 5 Years?
FuboTV is chipping away at its losses, predicting a swing to profitability by next year. Even if it is able to work its way out of the red and into the black, however, it's still competing with bigger, deeper-pocketed companies.
Fubo: DirecTV Is A Big Lifeline
FuboTV shares have dropped 97.11% from their all-time high, but a recent court victory and a partnership with DirecTV offer potential upside. A court ruling blocked Disney, FOX, and Warner Bros from launching Venu Sports, preserving Fubo's competitive edge in sports streaming. DirecTV's dispute with Disney led to a partnership with Fubo, providing a new distribution channel and potential subscriber growth.
Can fuboTV Stock Continue Rallying After Jumping 35% in 3 Months?
A judge recently blocked Venu, a sports streaming platform that could pose a serious threat to fuboTV. Many companies fight for rights to stream sporting events, and that can make it difficult to offer competitively priced services.
