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$FUBO great ER and with the gaming acquisition, this baby can rocket now.
FuboTV Q4 Sales $105.10M Beat $93.94M Estimate
fuboTV Exceeds $100 Million Revenue in Q4 2020 Capping Strongest Year to Date
March 02 2021 - 04:05PM
Business Wire
Live TV Streaming Platform Closed 2020 with 547,880 Paid Subscribers
fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the fourth quarter and full year ended December 31, 2020. The company closed its strongest fourth quarter and year in its history, topping $100 million in quarterly revenue for the first time ($105.1 million actual). fuboTV ended 2020 with 547,880 paid subscribers, including 92,800 net subscriber additions in the fourth quarter.
Complete fourth quarter and full year 2020 results are detailed in fuboTV’s shareholder letter available on the company’s IR site.
“fuboTV’s fourth quarter closed our strongest fiscal year to date,” said David Gandler, co-founder and CEO, fuboTV. “Our record 547,880 paid subscribers streamed more sports, news and entertainment content than ever before. Building on this quarter and year, we remain focused on continued innovation and are excited about our growth opportunities for 2021, including the ongoing expansion of our advertising business and the development of our own sportsbook.”
“Our goal for 2021 and beyond is to develop fuboTV into a new kind of media company that combines both innovative streaming video and sports wagering,” said Edgar Bronfman Jr., executive chairman, fuboTV. “We intend to deliver leading sports, news and entertainment content to a growing subscriber base that transcends the industry's current virtual MVPD model, and are excited about our ability to capitalize on the future market opportunity."
Sports Betting + Streaming! Great new report
Interesting article:
https://kametresearch.com/fubo-many-catalysts-at-play-for-long-term-growth/
Any predictions on how earnings will look? I read somewhere they asked for guidance twice.
Two items of interest
https://www.fubobet.com/
and
https://www.fool.com/investing/2021/03/02/could-fubotv-be-a-millionaire-maker-stock/
Could fuboTV Be a Millionaire-Maker Stock?
This sports-first streaming service could be a game changer.
Trevor Jennewine
(TMFphoenix12)
Mar 2, 2021 at 7:45AM
Ready for some terminology? fuboTV (NYSE:FUBO) is a virtual multichannel video programming distributor (vMVPD) -- that's a lot of words, but it simply means fuboTV is a streaming service that blends live TV and on-demand content. The company offers viewers over 100 channels across sports, news, and entertainment, but at a cheaper price than traditional cable and satellite plans.
According to eMarketer, the percentage of U.S. households with a vMVPD service jumped from 1.6% in September 2017 to 7.8% in September 2020. That means fuboTV has a substantial market opportunity, and it should only get bigger as more viewers cut the cord.
But does this company have what it takes to be a millionaire maker? Let's dive in.
fuboTV's sports-first strategy
Live TV streaming services like Disney's Hulu+ Live TV and Alphabet's YouTube TV are much larger than fuboTV in terms of subscribers, not to mention that both Disney and Alphabet have much deeper pockets. However, fuboTV still has a few advantages, albeit slight ones.
Sports fans watching the game together on a big screen.
Image source: Getty Images
In its base package, the company offers 43 out of the top 50 Nielsen-ranked sports, news, and entertainment channels. That's more than any other live-TV streaming service. Additionally, fuboTV takes a sports-first approach, offering greater coverage of sporting events than any of its rivals. This includes professional leagues like the NFL, NBA, MLB, and others, as well as college sports. Viewers can also upgrade to subscription packages like Sports Plus for even more content.
Management believes this strategy allows the company to tap into naturally high demand for sports, which should keep fuboTV's customer acquisition costs lower than its rivals. However, the company has also bolstered its news and entertainment offering in recent years. For example, fuboTV inked a deal that brought Disney networks onboard in August. This helps round out the company's offering, making it more appealing to non-sports fans.
In fact, the company phrases its business model in this way: Come for the sports, stay for the entertainment.
fuboTV's playbook
In December 2020, fuboTV acquired Balto Sports as part of its plans to enter the online sports wagering market. Management has previously expressed interest in this idea, citing the natural fit with fuboTV's sports-first streaming service.
Likewise, in January 2021, fuboTV took another step down this path, announcing its intention to acquire sports betting firm Vigtory. The company plans to use Vigtory's sportsbook platform and betting technology to offer subscribers a frictionless betting experience.
Additionally, during a recent interview, CEO David Gandler said that the company "should be looking at" striking exclusive deals for live sports events. While this is far from concrete, if fuboTV were able to offer exclusive content to sports fans, that would significantly strengthen its value proposition. Investors should pay attention to this situation closely. In the streaming world, content is king -- and sports content is no exception.
A big market opportunity
According to management, fuboTV's current market opportunity includes the $226 billion global pay-TV market and the $130 billion digital ad market. And if that wasn't enough, the sports wagering market will add another $155 billion to the total market opportunity by 2024.
fuboTV recently upped its fourth-quarter revenue guidance to $94 million to $98 million, representing 77% growth. The company also upped its subscriber count guidance, which is now expected to exceed 545,000 for 2020 -- 72% more subscribers than it had at the end of 2019.
This strong growth has helped fuboTV capture market share in recent years. But investors should keep the big picture in focus: Hulu+ Live TV is still much larger, with 4 million subscribers. Moreover, Hulu+ Live TV and YouTube TV (the top two vMVPDs) are both gaining market share as well.
Market Share
September 2018
September 2019
September 2020
fuboTV
3%
4%
5%
YouTube TV
19%
21%
26%
Hulu+ Live TV
24%
31%
34%
Data source: Antenna.
A final word
So, is fuboTV a millionaire maker? It certainly could be. The company's sports-first approach helps differentiate its service, and it positions fuboTV to enter the massive sports betting market. That gives the company an advantage over its larger rivals.
However, live TV streaming is highly competitive and fuboTV ranks sixth in terms of active subscribers. At the end of the day, the company needs to grow its customer base if it hopes to bring more ad dollars to the platform. That's where investors should focus their attention in the coming quarters.
Right now, my advice is to avoid jumping all in. I think it's fine to pick up a few shares here, but wait to see if the company is moving in the right direction before building a larger position.
The news today is good news right? Company buying back shares?
* * $FUBO Video Chart 02-23-2021 * *
Link to Video - click here to watch the technical chart video
Fubo on sale today
Best price
But when people are scared
You getting back into FUBO?
*FuboTV shares are trading higher after Nomura reported a 8.8% passive stake in the company.
I want my FUBOtv
Money for nothing and my chicks for free ??
$FUBO will run hard soon enough. Only player in the game.
Amended Statement of Ownership (sc 13g/a)
(Looks like a reduction from 7,455,772)
Comcast
6,955,772
9.3%
As of November 11, 2020 based on 67,533,800 shares of common stock, $0.001 par value per share (“Common Stock”) of the Issuer that were outstanding as reported by the Issuer in its Quarterly Report on Form 10-Q and filed with the Securities and Exchange Commission (the “SEC”) on November 16, 2020. The amounts reported in this Schedule 13G represent 3,477,886 shares of the Issuer’s Series AA Convertible Preferred Stock (the “Preferred Stock”) owned by the Reporting Persons, which are entitled to 0.8 votes per share (2,782,309 votes) and convertible into 6,955,772 shares of common stock in connection with a bona fide transfer to a third party.
Options guy Jon Najarian said to watch $FUBO, this morning before the market opened, but didn't say why.
Looks like it is trying to push up from here. Would be a nice start.
A nice little leg up here would not hurt.
Guess you meant 'next leg down'
Geez - pick a fawkin winner already lol.
$ds - you're welcome.
Goldman Sachs 13G
Percent of Class Represented by Amount in Row (9)
6.7 %
Looking ready for next leg up
Love thy $FUBO :)
$FUBO looks like this week she breaks into new highs.
$fubo looks promising for the next large squeeze play. Holding $45 weekly calls here. Let’s see it blow up and double from here tomorrow.
* * $FUBO Video Chart 02-01-2021 * *
Link to Video - click here to watch the technical chart video
anyone has the list of all the heavily shorted stocks
Hmm...thanks for the headsup. I haven't been in FUBO since it was getting hammered by shorts around $30...too bad for me. I'll be watching to see what happens going forward.
$FUBO shorts will learn a hard lesson this week from what I am seeing on other sites.
* * $FUBO Video Chart 01-28-2021 * *
Link to Video - click here to watch the technical chart video
* * $FUBO Video Chart 01-27-2021 * *
Link to Video - click here to watch the technical chart video
* * $FUBO Video Chart 01-25-2021 * *
Link to Video - click here to watch the technical chart video
* * $FUBO Video Chart 01-21-2021 * *
Link to Video - click here to watch the technical chart video
I was going to say, the shorts were out in droves today! They even sold it off in AHs. Kind of hard to hold a position with all the selling going on, but it finally stood my ground at 31.99 and was surprised when I opened my trading platform and saw it ended up at 31.87. Hmm, hope this relentless selling stops next week, wth. It seems like such a bargain down here and then they just keep driving down further. I was in and out all day trying to get a good entrance.
* * $FUBO Video Chart 01-14-2021 * *
Link to Video - click here to watch the technical chart video
* * $FUBO Video Chart 01-13-2021 * *
Link to Video - click here to watch the technical chart video
Morning all. Looking for another great day here today. Moving back up.
On 1/8/2021 a purchase of 1200 $FUBO 5/21 $80 calls for $2.05
FUBO to triple soon.
$FUBO Short Interest 60.66%
According to etrade and TD ameritrade
FUBO...$37.50 in the P/M...:party:
[5:46 AM]
georgie18Today at 12:00 PM
FUBO...$31.02...Consolidation Channel Breakout setting up here...3 Upside Gaps that need to fill...Took a 1000 share starter...looking for $60 plus...imo...we shall see... https://schrts.co/ubpZUgbA ...:party:
The walmart deal alone will make that a reality
$200+ by end of 2022
* * $FUBO Video Chart 01-12-2021 * *
Link to Video - click here to watch the technical chart video
Yes sir, expecting a big move considering the high Short interest.
Looking better here today
$FUBO Enter live sports betting
Short interest 41.77%
end of year. this will stabilize in april.
https://channelstore.roku.com/details/eb2e476440c362015da28f2f95fcec8b/fubotv-watch-live-sports-and-tv if FUBO chips off a bigger piece they can grow SUBs exponentially exceeding all and any forcasts IMO
This will eventually be a stock worth over $100
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