Fubo TV (FUBO) Stock Sees Solid Recovery From Early Sell-Off: What Next?

The Fubo TV (NYSE:FUBO) stock has been in the middle of a steep decline over the course of the past couple of months. Following its scorching IPO last year, the Fubo stock has declined by 74% from its peak.

Fubo TV (FUBO) Stock Sees Solid Recovery From Early Sell-Off: What Next?

While the decline seems abysmal, the company’s financial results that are going to be announced this week could provide the stock with some boost. It provides a sports-oriented streaming service and by the end of last year, it boasted 547880 paying subscribers.

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However, those numbers are only a small fraction of the sort of subscriber bases that are commanded by Fubo’s competitors like YouTube TV and Hulu+ TV. However, it is necessary to remember that the company has been able to monetize its subscribers and over the past two years, ad revenue per user has gone up threefold to $8.47. It now remains to be seen if the company can deliver a strong performance so that it can win back some of its investors.

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FUBO stock is now up by 3.85% at $16.99, well off a session low of $14.64.

 

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.