FuboTV (FUBO) shares reversed course in Friday's session, moving lower by at least 8% ahead of the closing bell after reporting growth in its North American subscriber base. The TV company posted slightly better-than-expected fourth-quarter results, squeaking past revenue estimates and narrowing losses per share. Activate Consulting Founder and CEO Michael Wolf sits down with Yahoo Finance Live in-studio to discuss fuboTV's relative position in the virtual cable space, touching on its plans to block the joint sports bundling venture from Disney's ESPN (DIS), Fox (FOX, FOXA), and Warner Bros. Discovery (WBD). "But even that partnership, it's expected that their package... [will be] somewhere between $40 to $50 a month," Wolf says. "So, yes, that's a threat to them, but a great deal more of the threat is they're not just competing against Disney and those three companies — they're competing against Comcast and charter and other big operators." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Shares of fuboTV (FUBO) are jumping in pre-market trading as the company revealed a new record for paid subscribers in North America. The company also posted a 29% gain in revenue compared to the same levels a year ago. Yahoo Finance Anchors Brad Smith and Seana Smith break down how fuboTV is improving on key metrics amid its antitrust lawsuit. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
The sports streaming service ends the fourth quarter with 1.618 million subscribers in North America.