Doubling Subscribers at fuboTV Wows Investors
fuboTV (NYSE: FUBO), the sports-centric streaming content provider, reported impressive first-quarter earnings last week that send its shares soaring 17% immediately after. The stock has since given up some of those gains but is still trading higher than it did pre-earnings.
The quarter's highlight was the surprising increase in subscribers, which more than doubled from the previous year. Normally, fuboTV sheds some subscribers from the fourth quarter to the first quarter. Not this time.
fuboTV has reached more than 590,000 subscribers. Image source: Getty Images.
Source Fool.com
