fuboTV Inc. - FUBO STOCK NEWS

fuboTV Inc. (NYSE: FUBO) reported record financial results for Q4 and the full year ended December 31, 2020. The company achieved its first quarterly revenue exceeding $100 million, totaling $105.1 million. It also gained 92,800 net subscriber additions in Q4, ending the year with 547,880 paid subscribers. fuboTV aims to advance its growth in 2021 by expanding its advertising initiatives and developing a sportsbook, positioning itself as a unique media company in the streaming sector.

fuboTV (NYSE: FUBO), a leader in sports-first live TV streaming, announced investor meetings hosted by Co-founder and CEO David Gandler and CFO Simone Nardi. The presentations will occur at major conferences: Berenberg American Innovation Seminar on March 4, Deutsche Bank's Media, Internet & Telecom Conference on March 8, and Roth Capital Partners Conference on March 15, 2021. Each session will include a virtual fireside chat, with webcasts available on fuboTV’s investor relations website, highlighting its innovative streaming services and extensive sports coverage.

fuboTV Inc. (NYSE: FUBO) announced its support for the open-source identity solution Unified ID 2.0, collaborating with The Trade Desk and others in digital advertising. As a connected TV partner, fuboTV extends Unified ID 2.0's reach within its significant CTV footprint, which accounted for 93% of its viewing hours in Q3 2020. Unified ID 2.0 aims to enhance user privacy and advertising relevance, serving as an alternative to third-party cookies. fuboTV's involvement may improve targeting for advertisers while enhancing the viewer experience.

fuboTV (NYSE: FUBO) announced it will release its financial results for Q4 and the full year 2020 on March 2, 2021, post-market close. CEO David Gandler and CFO Simone Nardi will host a live video webinar at 5:30 p.m. ET to discuss the results, followed by a Q&A session. The webinar will be accessible on fuboTV's investor relations website. Investors can submit questions in advance via email. As the leading sports-first live TV streaming platform, fuboTV offers access to over 100 live channels, including major sports networks.

fuboTV Inc. (NYSE: FUBO) announced the pricing of $350 million in 3.25% convertible senior notes due 2026 in a private offering. The offering is expected to close on February 2, 2021. The notes will mature on February 15, 2026, and are convertible into cash, shares, or a mix, at fuboTV's discretion. Proceeds of approximately $338.4 million will be allocated for general corporate purposes, including working capital and potential acquisitions. However, no specific use or current agreements for acquisitions were disclosed.

fuboTV (NYSE: FUBO) has announced its intention to offer $350 million in convertible senior notes due 2026 in a private offering. The offering may include an additional $52.5 million at the initial purchaser's option. These notes will be general unsecured obligations and will accrue semiannual interest. The proceeds are earmarked for general corporate uses, including working capital and potential acquisitions, although no specific allocations have been defined. The notes will not be registered under the Securities Act, limiting their sale in the U.S. without applicable exemptions.

fuboTV (NYSE: FUBO) announced its intent to acquire Vigtory, a sports betting and interactive gaming company, aiming to launch a sportsbook by year-end. The deal, details of which remain undisclosed, is expected to close in Q1 2021, subject to conditions. fuboTV plans to use Vigtory's technology to enhance customer betting experiences, leveraging existing market access in Iowa. Additionally, fuboTV forecasts significant growth in the online wagering market, potentially reaching $155 billion by 2024, and aims to integrate its sportsbook into its streaming platform for a seamless user experience.

fuboTV Inc. (NYSE: FUBO) reports strong preliminary results for Q4 2020, surpassing its revenue and subscriber guidance. Expected Q4 revenue is between $94-$98 million, marking a 77%-84% year-over-year increase, compared to prior guidance of $80-$85 million. Paid subscribers are anticipated to exceed 545,000, a growth of over 72% year-over-year, exceeding the earlier forecast of 500,000-510,000. CEO David Gandler praised the results, highlighting ongoing strategies for growth, including advertising revenue and sports wagering integration.

fuboTV Inc. (NYSE: FUBO) announced that Co-founder and CEO David Gandler, along with CFO Simone Nardi, will participate in a fireside chat at the 23rd Annual Needham Virtual Growth Conference on January 12, 2021, at 10:45am ET. This event will also include virtual one-on-one and small group meetings with institutional investors throughout the day. The live presentation and a subsequent webcast can be accessed here and will be available on the Events & Presentations section of fuboTV's investor relations website.