Did fuboTV Just Bottom Out?
Shares of fuboTV (NYSE: FUBO) finally caught a break on Thursday afternoon. The sports-first live-TV streaming service announced that it had acquired the exclusive live streaming rights to the qualifying matches of the South American Football Confederation for the Qatar World Cup 2022. The top four teams from those matches will move on in pursuit of soccer's World Cup in the summer of next year.
FuboTV will be at the mercy of larger channel partners to stream other qualifying matches, but nailing a streaming exclusive in a prolific continental federation is a pretty big deal. Terms of the deal weren't announced, but it's interesting to see a small player like fuboTV cement its "sports-first" status with unique access to important soccer games. The stock was trading 7% higher in after-hours trading following the news.
Image source: Getty Images.
Source Fool.com
