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Benzinga
Benzinga
Business
Henry Khederian

Why FuboTV Shares Are Moving Following Netflix's Earnings Report

Netflix fuboTV Nasdaq NYSE

Several notable names in the streaming and entertainment sector, including FuboTV Inc (NYSE:FUBO), are trading lower in sympathy with Netflix Inc (NASDAQ:NFLX) after the company reported first-quarter earnings results.

For the uninitiated- FuboTV is a sports-first, live TV streaming company, offering subscribers access to tens of thousands of live sporting events annually as well as news and entertainment content. FuboTV, among other names in the broader streaming sector, is being dragged down by Netflix's earnings results.

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