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.
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.