FuboTV Stock Is Up 272% In Just 1 Week -- Here's Why
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To say that FuboTV (NYSE: FUBO) is off to a great start in 2025 would be a major understatement. Shares of the sports-focused streaming provider are up by a staggering 272% for the week, heading into Friday.The big news is that Walt Disney's (NYSE: DIS) Hulu+ Live streaming service and FuboTV are combining their streaming services into one product, which should be well positioned to compete with the leading live streaming service from YouTube. The combined company will retain the FuboTV name and ticker symbol, although Disney will own a 70% stake in the business.Between the two existing platforms, there are 6.2 million total subscribers. As my colleague Rick Munarriz recently pointed out, the average revenue per user of the existing services is over $80 per month, so this implies a business with nearly $6 billion in annual revenue right away. And that's not to mention that the platform could become more valuable and attractive to new customers by combining some of the most unique features of both, such as FuboTV's collection of regional sports networks.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool
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