fuboTV (NYSE: FUBO) is having a challenging year in 2021. The company is growing customers and revenue rapidly, but its stock price is down 40% year to date. fuboTV had an easier time at the pandemic onset when millions of folks were cooped up at home looking for ways to entertain themselves.
As economies reopen, fuboTV has to work harder and spend more to attract and retain customers. Those costs are adding up, and they concern investors who think the company will have difficulty becoming profitable. With 2021 coming to an end, could fuboTV fare better in the coming year?
fuboTV's stock is down 40% year to date. Image source: Getty Images.
Source Fool.com