In today's episode, we'll be exploring this company, by the name of, FuboTV. The ticker symbol is FUBO.
This company 2 months ago, in October, was priced at $10, and since then the stock went from $10 to at high as $62. That's a 6-bagger right there!
For those who may not know about this company, FuboTV is the first sports streaming service in the US. It's the ONLY streaming service to offer live sporting events in 4K HDR resolution.
To all the sports fans out that, this is a big deal.
Anyway, looking at their 3rd quarter results, their revenue was up by 47% to $61 million which is well ahead of their expected range. They expected a range between $52 million to $55 million.
Subscription revenue alone went up by 64%. Advertising revenue is growing even faster (up 153%). There is no doubt that it will continue to grow as their number of subscribers increase.
But here's the thing, it seems to be a good company with high growth potential, but the question is - Is it a great company? Because like I said, we are only interested in great quality businesses. We don't want to hold 20-30 good companies in our portfolio, we only want to hold 5-10 real outstanding companies.
So is FuboTV a great business? That is what we will be exploring in this episode. The fundamentals of this company and what could potentially go wrong or right, investing in this company?
DISCLAIMER: This is not financial advice or even a recommendation, so do not take this as financial advice. If you need proper advice, do speak to a fiduciary or a financial advisor and they'll be able to help you with your specific needs.
Check out this episode to find out more!
For more info about Delugne Investing, check out Delugne.com to find out more!
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