Why fuboTV Stock Just Popped 11.5%
Shares of live sports streamer fuboTV (NYSE: FUBO) jumped in early trading Thursday. Powered by a new buy rating from Barrington Research, the stock is up 11.5% as of 11:20 a.m. EST.
For the benefit of investors who may not yet have encountered it, Barrington begins with a short sketch of what fuboTV does, describing it as an over-the-top multichannel video programming distributor (MPVD) with an "exceptionally intense" sports focus, reports StreetInsider.com today. Already, explains the analyst, fuboTV is outgrowing its competition, cable and satellite sports channels and rival streamers alike. "fuboTV's positioning offers a very attractive proposition, especially for sports fans," notes the analyst, and this is paying off in the form of rapid growth.
Moreover, Barrington sees this growth continuing as new revenue streams come online, buttressing subscription revenue with "advertising revenues and ancillary sources, the latter including high-margined service and content offerings plus participation in sports-related gambling revenues that is now in the process of being created beginning with some key acquisitions."
Source Fool.com
