Fubotv Inc. Stock Price, News & Analysis

FuboTV Inc. (NYSE: FUBO) has won a preliminary injunction against The Walt Disney Company, FOX Corp., and Warner Bros. Discovery's Venu Sports joint venture (JV). The U.S. District Court, Southern District of New York approved Fubo's request to stop the launch of the JV, which would have controlled 60%-80% of live broadcast sports content. Fubo CEO David Gandler called it a victory for consumers and competition.

Fubo argues that the JV would limit competition, reduce consumer choice, and lead to price hikes. The company plans to proceed with its antitrust lawsuit against the JV partners, alleging a years-long campaign to block Fubo's sports-first streaming business. Multiple lawmakers and public interest groups have expressed concerns about the JV's potential negative impact on consumers.

Fubo Sports Network, owned by FuboTV Inc. (NYSE: FUBO), has expanded its distribution in Canada through a partnership with Amazon's (NASDAQ: AMZN) Prime Video Channels. This marks the first time the sports network is available outside of Fubo's platform in Canada, making it accessible to Prime members nationwide. The network offers over 1,000 live events annually, including exclusive Premier League soccer matches and content from various sports leagues.

The collaboration aims to provide Canadian sports fans with premium content and exclusive live events. Fubo Sports Network's programming includes soccer, MMA, and partner content from leagues like Bare Knuckle Fighting Championship, The Professional Fighters League, and World Poker Tour.

Fubo (NYSE: FUBO) announced its Q2 2024 financial results with notable 26% YoY revenue growth and 24% YoY subscriber growth in North America. The company achieved $382.7 million in total revenue and ended Q2 with 1.45 million paid subscribers. ARPU grew 5% YoY to $85.69. Global profitability metrics improved for the sixth consecutive quarter.

Ad sales revenue increased 14% YoY. In the Rest of World (ROW), Fubo had 399,000 paid subscribers and $8.3 million in revenue, with ARPU at $7.02.

Net loss from continuing operations was $25.8 million, or an EPS loss of $0.08, improving from a loss of $54.2 million in Q2 2023. Adjusted EPS was $0.04, up from a loss of $0.12 in the prior year. Adjusted EBITDA improved by $19.6 million.

Fubo raised $36.9 million through its ATM program and repurchased $46.9 million of 2026 convertible notes.

Fubo increased its full-year guidance in North America to 1.725-1.745 million paid subscribers and $1.57-$1.59 billion in revenue.

FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, will release its Q2 2024 financial results on August 6, 2024, before the market opens. Following the release, Co-founder and CEO David Gandler and CFO John Janedis will host a conference call at 8:30 a.m. ET to review results and provide a business update.

Fubo operates in the U.S., Canada, Spain, and France, offering a cable TV replacement product that aggregates over 400 live sports, news, and entertainment networks. In the U.S., it's the only live TV streaming platform with every Nielsen-rated sports channel. The company is known for innovative features like 4K streaming, MultiView, and AI-powered Instant Headlines.

Maximum Effort Channel, a partnership between Fubo and Ryan Reynolds' Maximum Effort, announced their new original series Neon Dimension. This video game show, hosted by Flula Borg's floating head, is set to premiere on July 20th at 11:00am ET on the Maximum Effort Channel on Fubo and Flula's YouTube channel.

Created by The Director Brothers and Borg, the five-episode series will feature celebrity guests competing in video games from various eras. New episodes will air weekly on Saturday mornings, with reruns on Monday nights. The show promises a unique format with Borg's disembodied head guiding contestants through classic video games in a 'sassy time filled with fun people'.

Fubo has announced a multi-platform content offering with NBCUniversal for the Paris 2024 Olympic Games, scheduled for July 26 to August 11. Fubo subscribers can access NBCU's extensive Olympic coverage, including live competition sessions starting July 24. Coverage will span NBC, USA Network, E!, CNBC, GOLF Channel, Telemundo, and Universo. Two new channels, Paris Extra 1 and Paris Extra 2, will focus on team and combat sports respectively. Additionally, NBC Sports Digital will stream over 5,000 hours of Olympic content via NBCOlympics.com, NBC.com, and the NBC Sports app. Fubo subscribers will enjoy this comprehensive coverage at no extra charge, including 4K HDR content on USA Network. Pre-Games and In-Games on-demand content will also be available, along with daily highlights and full-event replays.

FuboTV (NYSE: FUBO), a sports-first live TV streaming platform, announced the launch of its app on Comcast's Xfinity Flex, Xumo Stream Box, and Xumo TV.

This expands Fubo's reach to millions of Xfinity Internet users with Flex or Xumo devices. The app is also available on Xumo TVs, sold nationwide. Fubo aims to offer premium sports, news, and entertainment content through a single app, operating in the U.S., Canada, Spain, and France.

Fubo differentiates itself with features like 4K streaming, MultiView, and AI-generated Instant Headlines.

FuboTV (NYSE: FUBO), a leading sports-first live TV streaming platform, announced on June 17, 2024, that it has granted restricted stock unit awards to three new employees. These awards cover an aggregate of 14,591 shares of common stock and were granted under the company's 2023 Employment Inducement Equity Incentive Plan. The awards vest annually over four years, contingent upon continued employment.

FuboTV operates in the U.S., Canada, Spain, and France, offering more than 400 live sports, news, and entertainment networks. The platform is optimized for live TV and sports viewership and features proprietary technology, including 4K streaming and AI-generated Instant Headlines. FuboTV aims to aggregate premium content into a single app, transcending the traditional TV model.

FuboTV (NYSE: FUBO), the sports-first live TV streaming platform, announced that its Compensation Committee granted restricted stock unit (RSU) awards on May 16, 2024. These awards cover 60,039 shares of common stock, granted under the 2023 Employment Inducement Equity Incentive Plan to attract seven new employees. The RSUs vest annually over four years, contingent on continued employment. The awards align with NYSE Listing Rule 303A.08.

Fubo aims to aggregate premium sports, news, and entertainment content through a single app, operating in the U.S., Canada, Spain, and France. It offers more than 300 live channels in the U.S., including every Nielsen-rated sports channel. Fubo's platform features 4K streaming, MultiView, and AI-driven Instant Headlines.