Television streaming company fuboTV Inc. (FUBO) offers subscribers access to live sports, news, and entertainment content through streaming devices, smart TVs, mobile phones, tablets, and computers. It operates through two segments: streaming and online wagering. Its fuboTV platform enables customers to access the content.
Despite growth in subscribers and revenues in its global streaming business, FUBO reported a net loss of $152.75 million in the third quarter of fiscal 2022. This amounted to an abysmal and seemingly insurmountable 67.9% of its quarterly revenue.
