FuboTV Wraps up 45% Higher As Investor Day Tackles Path to Profit

seekingalpha2022-08-17

Fubo came off its highs - at Tuesday's peak, it was up as much as 86% - but still finished the day with a gain of almost 45%, and at its highest close since early April in a session where it held its...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

hkwan
2022-08-17
hkwan
5
Blufinn
2022-08-17
Blufinn
Ok
LeeWan
2022-08-17
LeeWan
Ok
Goldenblue
2022-08-17
Goldenblue
Ok
TaiJin
2022-08-17
TaiJin
[Miser]
Williamw
2022-08-17
Williamw
Ok

Leave a comment

101

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2260386325?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-17 07:40","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2260386325","market":"us","top_or_hot":-1,"title":"FuboTV Wraps up 45% Higher As Investor Day Tackles Path to Profit","media":"seekingalpha","content":"<div>\n<p>Fubo  came off its highs - at Tuesday's peak, it was up as much as 86% - but still finished the day with a gain of almost 45%, and at its highest close since early April in a session where it held its...</p>\n\n<a href=\"https://seekingalpha.com/news/3873864-fubotv-wraps-up-45-higher-as-investor-day-tackles-path-to-profit\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FuboTV Wraps up 45% Higher As Investor Day Tackles Path to Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFuboTV Wraps up 45% Higher As Investor Day Tackles Path to Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-17 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3873864-fubotv-wraps-up-45-higher-as-investor-day-tackles-path-to-profit><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fubo  came off its highs - at Tuesday's peak, it was up as much as 86% - but still finished the day with a gain of almost 45%, and at its highest close since early April in a session where it held its...</p>\n\n<a href=\"https://seekingalpha.com/news/3873864-fubotv-wraps-up-45-higher-as-investor-day-tackles-path-to-profit\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4077","symbol_name":"互动媒体与服务","start_time":0,"source_url":"https://seekingalpha.com/news/3873864-fubotv-wraps-up-45-higher-as-investor-day-tackles-path-to-profit","article_id":"2260386325","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2260386325","pubTimestamp":1660693229,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Fubo  came off its highs - at Tuesday's peak, it was up as much as 86% - but still finished the day ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4077":"互动媒体与服务","BK4507":"流媒体概念","BK4524":"宅经济概念","FUBO":"fuboTV Inc."},"translate_title":"富博电视收盘上涨45%，投资者日解决盈利之路","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUBO":1},"content_text":"Fubo  came off its highs - at Tuesday's peak, it was up as much as 86% - but still finished the day with a gain of almost 45%, and at its highest close since early April in a session where it held its first investor day.The watchword of the company's various presentations was its plans for a \"path to profitability,\" which culminated in a late setup from the company's chief financial officer.\"We continue to work towards long-term targets of adjusted EBITDA profitability and positive cash flow in 2025, and the Fubo flywheel will help us track towards that goal, as we execute a plan of controlled growth, alongside margin expansion,\" said Chief Financial Officer John Janedis.Janedis said he expects Fubo's (FUBO) revenue will more than double between 2022 and 2025, and also pointed the way toward expanding average revenue per user [ARPU] on subscriptions plus ads, adding that churn around the company's recent price increase was smaller than expected.Compounded growth of ARPU in the high single digits yearly is achievable, he said.Cash requirements to get the company to positive free cash flow by 2025 are \"modest,\" Janedis said, and the company will seek less than $100M through debt or equity.\"When we ultimately decide to raise capital, we expect to maintain optionality and we'll use the most efficient means possible,\" Janedis said, adding that Fubo (FUBO) has no current debt maturities until 2026.Also notable on the day was a presentation from Fubo Gaming chief Scott Butera, in the wake of the news that the company would be performing a strategic review of its sportsbook operations.\"Building and running a national sports book requires significant capital,\" Butera said. \"There are large startup costs and risk of occasional losses, which also requires capital.\"Butera said that when Fubo Gaming started, markets were \"flush with cash\" and investors valued growth over profitability, but today the market is the opposite, thus leading to the strategic review. Still, Butera said that Fubo (FUBO) remains \"committed to our strategy of being the first true watch and wager platform.\"Fubo (FUBO) ended the day at $6.35 a share, while in after-hours trading, Fubo (FUBO) slipped into the red after Janedis spoke about methods of raising more cash. Investors began paying more attention to Fubo (FUBO) last week following reports about how the company might proceed with its sportsbook endeavors.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9993708848,"gmtCreate":1660727055487,"gmtModify":1676536387543,"author":{"id":"3572473945197433","authorId":"3572473945197433","name":"hkwan","avatar":"https://static.tigerbbs.com/77e90a3687fc7bea68ab1062dc6f91d0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3572473945197433","authorIdStr":"3572473945197433"},"htmlText":"5","listText":"5","text":"5","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993708848","repostId":2260386325,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993457228,"gmtCreate":1660721465066,"gmtModify":1676536386814,"author":{"id":"4101346670317910","authorId":"4101346670317910","name":"Blufinn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4101346670317910","authorIdStr":"4101346670317910"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993457228","repostId":2260386325,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993592264,"gmtCreate":1660699307261,"gmtModify":1676536382090,"author":{"id":"3558097748623340","authorId":"3558097748623340","name":"LeeWan","avatar":"https://static.tigerbbs.com/88769849d29a340fce73355c249755a4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3558097748623340","authorIdStr":"3558097748623340"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993592264","repostId":2260386325,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993224585,"gmtCreate":1660696171749,"gmtModify":1676536380699,"author":{"id":"3582539378503098","authorId":"3582539378503098","name":"Goldenblue","avatar":"https://static.tigerbbs.com/503ccf93eafd90b34388f12ab65cb8af","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582539378503098","authorIdStr":"3582539378503098"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993224585","repostId":2260386325,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993214673,"gmtCreate":1660694437195,"gmtModify":1676536379813,"author":{"id":"3585363622677550","authorId":"3585363622677550","name":"TaiJin","avatar":"https://static.tigerbbs.com/24d2d840485600ee9789f516e956a70f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585363622677550","authorIdStr":"3585363622677550"},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993214673","repostId":2260386325,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9993215354,"gmtCreate":1660694397580,"gmtModify":1676536379781,"author":{"id":"3572240910775763","authorId":"3572240910775763","name":"Williamw","avatar":"https://static.tigerbbs.com/ecafced5a6c16b176940098e09cf69b6","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3572240910775763","authorIdStr":"3572240910775763"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993215354","repostId":2260386325,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":101,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2260386325"}