This Sports-Betting Growth Stock Just Doubled Its Number of Subscribers

·4-min read
This Sports-Betting Growth Stock Just Doubled Its Number of Subscribers

The live sports streaming and soon-to-be-launched sports-betting platform said total revenue more than doubled, advertising sales tripled, subscription revenue surged 131%, and the number of subscribers exceeded 590,000, more than double the total from a year ago. Sitting at the confluence of three massive trends -- cord-cutting, advertising dollars transitioning to connected devices, and sports betting -- fuboTV is uniquely positioned to capture the growth of all three, and its earnings report indicates its journey is well underway. Rather, as fuboTV management notes in the latest shareholder letter, consumers are discovering "they can cut the cord without losing access to the sports teams, live channels, and content they love" by subscribing to fuboTV.