The Big Challenge Holding Back FuboTV Stock From Being a Screaming Buy
FuboTV (NYSE: FUBO) stock has been a bit of a roller coaster ride for investors in 2023. If you're still holding the stock, it may be time to get off the ride.
While shares are up over 55% through the first nine months of the year, the stock is down nearly 100% from its all-time high set shortly after its IPO in 2020. Still in growth mode, the company is burning lots of cash to attract customers to its streaming pay-TV service. And while it's working toward positive free cash flow by 2025, there's a big hurdle standing in its way of getting there.
After improving results through 2023, FuboTV will remain challenged to keep improving because its competition has a lot more financial flexibility.
Source Fool.com
