Neither has performed well this year, but one of them remains a good long-term bet.
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.
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.
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.
FuboTV has delayed the launch of a major rival in court, but only temporarily. The company is still not profitable, and subscriber growth is slowing.
FuboTV won a preliminary injunction vs. some of its content providers trying to go directly to consumers.
Three media giants were planning to start a sports streaming service right in Fubo's wheelhouse. FuboTV's sports-oriented subscribers will possibly leave in droves if the new proposed joint venture comes to fruition.
Shares of FuboTV Inc. surged again Monday but backed way off the day's best levels after Seaport Research cautioned investors, saying it's too early in the legal process involving Venu Sports to bet on a big win for FuboTV.
Options bulls are targeting FuboTV Inc (NYSE:FUBO) as the stock soars for a second day.
A judge issued an injunction against Venu, the joint venture streaming service from Disney, Fox, and Warner Bros. Discovery.
It's been a contentious fight against the joint venture, with Fubo winning a big round on Friday.
Judge temporarily blocks sports streaming service Venu, ruling in favor of Fubo TV on antitrust concerns