Could fuboTV Be a Millionaire-Maker Stock?
Ready for some terminology? fuboTV (NYSE: FUBO) is a virtual multichannel video programming distributor (vMVPD) -- that's a lot of words, but it simply means fuboTV is a streaming service that blends live TV and on-demand content. The company offers viewers over 100 channels across sports, news, and entertainment, but at a cheaper price than traditional cable and satellite plans.
According to eMarketer, the percentage of U.S. households with a vMVPD service jumped from 1.6% in September 2017 to 7.8% in September 2020. That means fuboTV has a substantial market opportunity, and it should only get bigger as more viewers cut the cord.
But does this company have what it takes to be a millionaire maker? Let's dive in.
Source Fool.com
