Is fuboTV Stock a Buy Following Netflix's Live Sporting Event Debacle?

In a wildly anticipated event, former boxing champion Mike Tyson faced off against famous YouTuber Jake Paul on Nov. 15 in Texas. The fight was streamed on Netflix (NASDAQ: NFLX), but it encountered severe disruptions, buffering, and outages for thousands of viewers. This debacle raises an important question: Can Netflix carve out a lucrative niche in live sports streaming?If the answer is no, that's good news for fuboTV (NYSE: FUBO), a streaming platform that specializes in sports. Let's find out whether fuboTV, a company that has faced significant headwinds in recent years, could benefit from Netflix's latest botched attempt at sports streaming.Over the past few years, fuboTV has struggled with slowing top-line and subscriber growth. In the third quarter, the company's revenue increased by 20.3% year over year to $386.2 million. That's far less impressive than the 42.6% sales growth it reported in the third quarter of 2023. FuboTV's North America subscribers increased by 9.2% year over year to 1.6 million -- this number grew by 20% year over year in Q3 2023. The company's performance in the rest of the world (ROW) was far worse.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool