Why FuboTV Stock Crashed Today
Shares of FuboTV (NYSE: FUBO) sank 22% on Tuesday after the streaming company announced an unpopular plan to slash its share count.
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Fubo's revenue climbed 40% year over year to $1.5 billion in its fiscal 2026 first quarter, which ended on Dec. 31. The sports streaming service struck a deal with Disney (NYSE: DIS) in October that integrated the entertainment giant's Hulu + Live TV service into Fubo's operations.
Source Fool.com
