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Why fuboTV Stock Jumped This Week

·2-min read

The rally erased just a small portion of recent losses for owners of the streaming video service, which focuses on livestreaming sports broadcasts. It came as fuboTV's management team updated investors about its short-term and long-term growth outlooks. While subscriber growth trends have slowed compared to earlier phases of the pandemic, fuboTV sees lots of room to add new members and to boost its average monthly payments over time.