fuboTV Inc. is focused on bringing to life its vision of a streaming platform that transcends the industry’s current virtual MVPD model. fuboTV Inc. operates in the U.S., Canada, Spain, and, through its expected acquisition of Molotov, in France.

FUBO is it a good pick?

The company delivered triple-digit year-over-year growth during the third quarter in total paid subscribers (up 108% to 944,605), total revenue (up 156% to $156.7 million), and advertising revenue (up 147% to $18.6 million). Viewership hours reached record highs with fuboTV customers streaming 284 million hours of content during the quarter, a 113% increase year-over-year. fuboTV also added 262,884 net subscribers during the quarter.

Technical analysis

From October 04, 2021, to November 04, 2021, the share price soared 54% to $35.09 (25-week high). driven by the announcement of a distribution agreement with AT&T SportsNet Rocky Mountain, Fubo Sportsbook was named NASCAR's authorized gaming operator, fuboTV entered fully into mobile sports betting in Iowa, the acquisition of France's leading live TV streaming service, Molotov SAS and fuboTV reached one million subscribers. Recently the share price plunged -31% as the company present a bad earnings report. Based on current technical indicators, the share price will continue the recent downtrend and retest the 25-weeks low.