Consumers love live sports...and the market loves FUBO
February 19, 2021
Shares of fuboTV (FUBO) are up +371% YoY.
However, we think this stock could continue higher, as the underlying data reveals impressive consumer adoption:
Mentions of streaming or watching content using fuboTV are nearing an all-time high, +63% YoY in the past 90 days.
Fubo TV (FUBO) is a virtual multichannel video programming distributor (vMVPD), which primarily distributes live sports channels for OTT streaming, and we think they have a chance to establish themselves as a majorsports provider for the growing number of Americans forgoing traditional cable.
Definitely one to watch going forward, alongside $DIS programming with Hulu Live and ESPN+.