Why Is FuboTV Stock Down So Much?

Timothy Green, The Motley Fool
·4-min read
Why Is FuboTV Stock Down So Much?

Sports-centric video streaming plus sports gambling sounds like a winning combination, but that hasn't been the case for shares of FuboTV (NYSE: FUBO). Revenue nearly doubled in the fourth quarter of 2020 to $105.1 million on an adjusted basis, with subscription revenue up 91% and advertising revenue up 157%. The number of paid subscribers soared 73%, and the number of content hours streamed jumped 66%.