It's Way Too Soon to Dismiss fuboTV
Given the stock's 26% sell-off since last Tuesday's post-close release of third-quarter numbers, it would be easy to assume the worst for fuboTV (NYSE: FUBO). Not only did the company's habitual loss widen with its top-line growth, but one analyst also pointed to the growing loss as evidence that the company isn't likely to ever achieve fiscal viability.
And perhaps it won't.
The thing is, this pessimism misses a key point about fuboTV's future as a sports-oriented, virtual multichannel video programming distributor (vMVPD). The point is, fuboTV's business model doesn't rest solely on its admittedly crimped cable television segment. That segment is just a means to an end. The company's core moneymaker could eventually be the sports-betting business it's also trying to build.
Source Fool.com
