OPINION: FUBO stock a good bet as company remains on track to become the cable alternative for sports betting

OPINION: FUBO stock a good bet as company remains on track to become the cable alternative for sports betting

Article brief provided by InvestorPlace
  • Dana Blankenhorn, InvestorPlace
September 14, 2021 6:37 PM
  • Dana Blankenhorn, InvestorPlace

FUBO is well on its way to becoming the cable alternative for young men, and FUBO stock may not fully recognize the potential in that.

Story continues below

FUBO stock has gotten a pop after two positive earnings releases. The most recent one, delivered in August, showed it with $131 million in revenue and nearly 682,000 customers.

The last number is the key. It costs very little for a streamer to add customers. If FUBO reaches CEO David Gandler’s goal of 5 million subscribers it could be very profitable. It would also be very valuable for any of the larger players surrounding it in the streaming market.