fuboTV Inc. (FUBO) functions as a live TV streaming platform for live sports, news, and entertainment content in the United States and worldwide. Its fuboTV platform permits customers to access content through streaming devices and on SmartTVs, computers, mobile phones, and tablets.
The stock has declined 84.1% year-to-date and 91.1% over the past nine months since investors have turned away from high-growth yet unprofitable companies. Despite achieving strong growth in subscribers and revenue, with North American subscriber growth of 81% year-over-year, the company experienced some pressure on adjusted contribution margin due to slower ad sales growth in a less robust advertising market than initially expected.
