Shares of live-sports streaming platform fuboTV (NYSE: FUBO) soared on Friday after it reported financial results for the second quarter of 2022 and said it was considering strategic options. In Q2, fuboTV generated revenue of $222 million, up 70% year over year. Subscription average revenue per user (ARPU) was only up a modest 2% from the prior-year period.
fuboTV Co-Founder and CEO David Gandler sits down with Yahoo Finance Live to break down the streaming platform's second-quarter earnings, its growth plan for gaming and sports betting, and the outlook on future partnerships.
It turns out that building a sports wagering business in-house requires more cash than this market has the patience for.