Is fuboTV Stock a Buy Following Netflix's Live Sporting Event Debacle?

29.11.24 09:00 Uhr

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In a wildly anticipated event, former boxing champion Mike Tyson faced off against famous YouTuber Jake Paul on Nov. 15 in Texas. The fight was streamed on Netflix (NASDAQ: NFLX), but it encountered severe disruptions, buffering, and outages for thousands of viewers. This debacle raises an important question: Can Netflix carve out a lucrative niche in live sports streaming?If the answer is no, that's good news for fuboTV (NYSE: FUBO), a streaming platform that specializes in sports. Let's find out whether fuboTV, a company that has faced significant headwinds in recent years, could benefit from Netflix's latest botched attempt at sports streaming.Over the past few years, fuboTV has struggled with slowing top-line and subscriber growth. In the third quarter, the company's revenue increased by 20.3% year over year to $386.2 million. That's far less impressive than the 42.6% sales growth it reported in the third quarter of 2023. FuboTV's North America subscribers increased by 9.2% year over year to 1.6 million -- this number grew by 20% year over year in Q3 2023. The company's performance in the rest of the world (ROW) was far worse.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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