Good Luck Betting Against fuboTV Stock
There was a lot to like in fuboTV's (NYSE: FUBO) latest financial update, even if Wall Street's initial reaction was to send the shares lower. The live TV streaming specialist exceeded all three of the year-end subscriber targets that it had upwardly revised in recent months. It came through with improving metrics during the fourth quarter for nearly all of the gauges that matter.
It wasn't a perfect report. Its guidance calls for a sequential dip in subscribers for the current quarter. There was a lot of red ink. Investors unaware of how many shares are actually outstanding can't escape that reality anymore. However, with a robust outlook for all of 2021 it's easy to wonder if the market got its reaction wrong after Tuesday afternoon's report.
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Source Fool.com
