![]() ![]() Nexstar Media NXST, sporting Zacks Rank #1 (Strong Buy), is a stock worth considering in the same industry. Zacks Rank & A Stock to ConsiderįuboTV currently has a Zacks Rank #4 (Sell). Fubo Sportsbook aims to create a comprehensive sports and entertainment experience through sports betting and interactive gaming.Īdditionally, fuboTV is planning to add interactivity to its streaming experience with the launch of a predictive free-to-play gaming app in third-quarter 2021. fuboTV intends to leverage its own proprietary technology and Balto’s contest automation software to launch a free-to-play gaming offering.įurther, Fubo Gaming - a subsidiary of fuboTV - expects to launch Fubo Sportsbook by 2021 end, subject to obtaining requisite regulatory approvals. Notably, in fourth-quarter 2020, fuboTV acquired Balto Sports, marking the company’s foray into the online sports wagering market. ![]() Entry into Online Sports Wagering Key Catalyst Moreover, aided by the company’s carriage agreement with The Walt Disney DIS, fuboTV has one of the strongest football offerings in the market and is the only live streaming TV platform with every NFL in-market game and every college conference network. Net subscriber additions in fourth-quarter 2020 were 92,800, reflecting an increase of 237% year over year, driven by the company’s sports-first positioning, which differentiates fuboTV from other live TV-streaming platforms.Īdditionally, growth in streaming hours is expected to boost TV streaming advertising on fuboTV’s platform. Markedly, fuboTV ended 2020 with 547,880 paid subscribers, up 73% year over year. Recently, fuboTV entered into a carriage agreement with Marquee Sports Network, a joint venture between Chicago Cubs and Sinclair Broadcast Group SBGI, to carry the network’s programming in the Cubs market territory.įuboTV fuboTV’s ability to stream a broad mix of more than 100 live channels - including 42 of the top 50 Nielsen-ranked networks across sports, news and entertainment - is expected to aid subscriber growth in the near term. ![]()
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