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FUBO TV: Set It and Forget It

Streaming services during the flu season in the midst of a pandemic? I like my odds.

Lucifer Morningstar

Not a day goes by where I don't kick myself in the ass for not buying ROKU at $15 a share when I had the chance back in 2018. It made sense to jump into, who actually uses cable television anymore? (sorry nonna, I take that back). I just hesitated because I didn't have the stones. Well, two years later, it's trading at $239 a share, and I'll be damned to Hell if I let this opportunity slide again.

Fubo TV is an American streaming television service that focuses primarily on channels that distribute live sports, including NFL, MLB, NBA, NHL, MLS and international soccer, plus news, network television series and movies. Named to Forbes’ Next Billion Dollar Startup list in 2019, FuboTV is the live TV streaming platform with more top Nielsen-ranked sports, news and entertainment channels than any other platform. For your information, Nielson is a component of the S&P500. The company recently went public (last week) on the New York Stock Exchange, and is now trading under ticker FUBO.

In 2019:

  • 316,000 paid subscribers .
  • 300 million total hours streamed.
  • 144 monthly hours streamed per user.
  • $147m in revenue.

Recently, they closed 18,300,000 shares of its common stock at the public offering price of $10.00 per share effective in benefit to the S-1 they filed, receiving total gross proceeds of $183 million.

Here's where things get interesting.

FUBO is considering offering sports betting. “We think we can enhance the viewing experience with wagering,” Gandler, co-founder of Fubotv, told Barron’s. “We don’t have a strategy fleshed out but it’s an area of increasing interest.” FuboTV is “looking at its options,” he added. With how much advertisement interest they receive, they are a very attractive client to want to do business with. To sports betting hounds, they might as well be lathered in bacon and steak sauce.  The CEO decided to disclose who they are talking too, but he mentioned that they have a relationship of over one year.


This poor thing never even had a chance to go back to $16, despite massive sell-offs in the beginning. And so I'm not saying to buy right this second, hell I'm not even telling you to buy anything. It's your choice what you do. But this is a very long term hold, although I wouldn't be surprised to see a 300% rise by next year. I'm personally going to cop, I can't justify not kicking myself daily over missing out on Roku AGAIN.

**Not a financial advisor. Articles are opinions only.