Fubo's Cost Cutting Helps Draw New Bull -- Market Talk

Dow Jones03-04

0753 ET - FuboTV's cost-cutting efforts have been effective in conserving cash and keeping the streamer on track with guidance for positive free cash flow in 2025, Seaport analyst David Joyce says in a research note. He thinks that laser-focus on cost cuts, combined with gaining momentum in ad revenue, "should be serious considerations for an investment in Fubo shares," and upgrades the stock to buy. The risk-reward tradeoff is becoming more attractive from here for investors who can "focus on small-caps and who can be nimble in their trading," he says. Shares tick up 2% to $1.94 in pre-market trading. (dean.seal@wsj.com)

(END) Dow Jones Newswires

March 04, 2024 07:54 ET (12:54 GMT)

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