fuboTV Inc. - FUBO STOCK NEWS

fuboTV Inc. (NYSE: FUBO) recently announced its participation in key investor conferences this March. Co-founder and CEO David Gandler, CFO John Janedis, and SVP Alison Sternberg will present at the BMO Digital Advertising Summit on March 2, 2022, and hold one-on-one meetings at the Susquehanna Annual Technology Conference on March 3, 2022. fuboTV aims to revolutionize live TV streaming by offering over 100 channels and integrating interactive features, enhancing sports viewing experience.

fuboTV Inc. (NYSE: FUBO) has partnered with Kantar to enhance the effectiveness of CTV advertising. This collaboration utilizes Kantar’s Brand Lift Insights, enabling marketers to better evaluate their advertising campaigns on fuboTV. A recent study showed a +9 increase in purchase preference for an over-the-counter pharmaceutical brand, highlighting fuboTV's superior performance in driving consumer behavior compared to market norms. This partnership emphasizes the growing importance of CTV in advertising, demonstrating how analytics can link ad spend to tangible business outcomes.

fuboTV Inc. (NYSE: FUBO) reported strong financial results for Q4 and full year 2021, achieving record total revenue of $638 million, marking a 144% increase from 2020. The company ended 2021 with 1.13 million subscribers, up 106% year-over-year. Q4 revenue hit $231 million, a 119% YoY growth. fuboTV expects 2022 revenues to exceed $1 billion, forecasting $232 million-$237 million for Q1. Additionally, fuboTV's Adjusted Contribution Margin was positive at 9.7%. The launch of Fubo Sportsbook indicates promising expansion into real-money wagering.

The Professional Fighters League (PFL) renewed and expanded its partnership with the Air Force Reserve for a third season, coinciding with the launch of the PFL Challenger Series on February 18, 2022, on Fubo Sports Network. The collaboration aims to enhance recruiting efforts and engage combat sports fans through various initiatives. Following a year of 100% audience growth, PFL has also secured a multi-year renewal with ESPN and added leading brands to its sponsorship portfolio. PFL ranks as the No. 2 MMA company globally, with 25% of its fighters among the top-25 worldwide.

Fubo Gaming expands its reach by securing market access agreements in Mississippi, Louisiana, and Missouri, bringing its total to 10 states for Fubo Sportsbook. The expansion follows previous agreements with Caesars Entertainment since March 2021. Currently, Fubo Sportsbook operates in Iowa and Arizona. This unique platform integrates live TV streaming with sports wagering, catering to U.S. sports fans. Fubo Gaming plans to continuously enhance its app for a more immersive experience.

The Cleveland Cavaliers and Fubo Gaming, a subsidiary of fuboTV (NYSE: FUBO), have announced a market access agreement allowing the launch of Fubo Sportsbook in Ohio, pending regulatory approvals. This agreement expands their existing partnership formed in October 2021, coinciding with the recent legalization of sports betting in Ohio. The Fubo Sportsbook aims to provide fans with a unique, integrated live TV streaming and sports betting experience, including a new sports lounge at Rocket Mortgage FieldHouse. This marks Fubo's seventh market access agreement.

fuboTV Inc. (NYSE: FUBO) will announce its financial results for Q4 and the full year 2021 on February 23, 2022, after market close. Following the release, CEO David Gandler and CFO John Janedis will host a live video webcast at 5:30 p.m. ET to discuss the results and provide a business update. Investors can access the live stream on fuboTV’s investor relations website and submit questions in advance via email.

The Professional Fighters League (PFL) will continue its Challenger Series on March 25 at 9 p.m. ET from Universal Studios, Orlando, focusing on heavyweight battles. The series highlights MMA talent seeking contracts for the PFL Regular Season. Out of 500 fighters vying for a spot, only eight will earn contracts. Featured matchups include Bevon Lewis vs. Marcelo Nunes and Giacomo Lemos vs. Brett Martin. Fans can engage with predictive games on fuboTV during the live event, making it interactive. Fubo Sports Network is the exclusive broadcast partner for this series.

fuboTV Inc. (NYSE: FUBO) has appointed John Janedis as its new Chief Financial Officer (CFO), effective February 7, 2022. Janedis brings over 20 years of experience in the financial sector, focusing on media and telecommunications. He will replace former CFO Simone Nardi. CEO David Gandler highlighted that Janedis will be essential for developing fuboTV's financial strategy and expanding its market share. The company aims to enhance its advertising and wagering products in 2022 as part of its growth initiative.