What Is the Market Missing on fuboTV?
fuboTV's (NYSE: FUBO) business is growing rapidly. The sports-focused streaming TV company is gaining market share and building a loyal customer base of highly engaged viewers. Yet 2021 has not been kind to fuboTV investors, with shares down about 75% since its all-time high in December 2020 as analysts and investors fret about the company's path to profitability. While the company still faces real challenges, critics may also be overlooking its considerable opportunity.
fuboTV established itself in 2015 as a sports-first online streaming service. Since then, the company has expanded its programming become a viable alternative to traditional cable, both for sports fans and the entire household.
CEO David Gandler believes 40 million-50 million of the 72 million households that currently pay for cable or satellite TV will sign up for internet-based content aggregating services like fuboTV over the next five years. Gandler predicts that fuboTV will grab about 10% of that market -- roughly 5 million customers, compared to the 1 million it reached in November.
Source Fool.com
