fuboTV Revenue Explodes but the Stock Slips
Streaming service fuboTV (NYSE: FUBO) reported 2022 first-quarter earnings after the markets closed on May 5. The sports-centric alternative to cable generated explosive revenue growth as it benefits from the long-run trend of consumers switching to streaming.
Still, the market was not impressed, and the stock was down 20% on the day following the announcement. Let's look closer at the quarters' results and perhaps determine what upset investors.
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Source Fool.com
