Sports

Did fuboTV Just Bottom Out?


Terms of the deal weren't announced, but it's interesting to see a small player like fuboTV cement its "sports-first" status with unique access to important soccer games.


It's fitting enough that fuboTV would strike an exclusive deal to cover roughly 70 confederation games that will take place between June and early next year.


In terms of fundamentals fuboTV has more than exceeded growth expectations in its brief tenure as a publicly traded investment.


Pro forma revenue rose 71% for the third quarter it reported in November, its first since its IPO in early October.


It's going to make fuboTV the default platform for soccer fans, but it's also a wake-up call to bears who figured a small player with a niche audience couldn't justify striking exclusive content deals.


This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service.






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