fuboTV's Fumble This Earnings Season Shouldn't Be a Change of Possession
It was another "beat and raise" quarterly performance for fuboTV (NYSE: FUBO) on Tuesday afternoon, even if the market reaction isn't as enthusiastic as the headline numbers would indicate. Decelerating growth in average revenue per user (ARPU) and another huge loss didn't help, and a pair of recent acquisitions may take time to digest. However, the initial hit the stock is taking seems to be based more on fuboTV's big run over the past year than any potential flaw in the fundamentals.
fuboTV shares have more than doubled over the past year. As high as expectations were heading into this week's financial update it managed to land higher. The live TV streaming service is growing its audience of sports fan at a brisk pace, and since the end of the quarter it managed to cross the symbolic mark of a million subscribers.
Image source: Getty Images.
Source Fool.com
