![]() Source: CEO David Gandler - Needham Technology & Media Broker Conference Call And again, I think that, that will continue to accelerate as we continue to improve on operating our business based on the data that we're collecting. As of the end of the first quarter, we are closer to 5.8%. In 2019, we were roughly around 3% market share of virtual MVPDs. ![]() This means fuboTV is currently taking market share at a time that other virtual MVPDs are losing market share. Why Investors Were Impressed By EarningsĪs stated previously, investors were really impressed with subscriber growth which grew to 590,430 subs or 105% year-over-year compared to only 24% growth for the entire virtual MVPD market as reported in Nielsen Media Research over the same period. ![]() So, is it time for investors to jump back into this stock after the shellacking it has taken since the beginning of this year? This article will explore fuboTV's business, examine earnings and give insights on whether the stock is a buy at the current price. Normally, fuboTV loses some subscribers from the fourth quarter to the first quarter but not this year. Investors were particularly impressed by the company's surprising increase in subscribers. However, the latest earnings by fuboTV continues proving the critics wrong and the report was so impressive that the stock closed almost 10% higher the following day after earnings were released. fuboTV also has a great deal of skepticism voiced by critics about fuboTV's business model over the last year that still drags down fuboTV's stock. ![]() The last time I wrote about fuboTV ( NYSE: FUBO) this past March, the stock was trading at $28.91 and it was still in the midst of getting pummeled after general market correction over investor fears about bond yields rising. Photo by alphaspirit/iStock via Getty Images ![]()
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