Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Markets

Why FuboTV Stock Jumped Today

by capitalizefinancial
May 15, 2021
in Markets
0
Why FuboTV Stock Jumped Today

Shares of FuboTV popped today, although there was no major news driving up shares of the video streamer. Instead, the entertainment stock seemed to be responding to broader gains in growth stocks, which came after it reported a strong earnings report earlier this week.

FuboTV stock finished the day up 12.4%, while the Nasdaq gained 2.3%, and the ARK Innovation ETF, often seen as a proxy for high-priced growth stocks, finished up 4.9%.

FuboTV stock has been highly volatile since its IPO last October, with shares briefly spiking to more than $60 late last year. The stock has since fallen to nearly $20, tracking a broader trend in growth stocks, which have mostly fallen over the last three months over concerns about rising interest rates.

Shares jumped earlier this week after the company posted strong results in its first-quarter earnings report, with revenue rising 135% to $119.7 million. It also saw its subscriber base more than double from the year-ago quarter, growing 105% to 590,430, which included 43,000 subscriber additions in the first quarter. However, the company is still deeply unprofitable with an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss of $46.5 million.

As a live sports-focused streaming company, FuboTV hopes to disrupt video entertainment in part by allowing betting on sports within its interface. The company is the only pure-play live-streaming stock on the market, though it does face larger competitors like YouTube TV and Hulu Live.

Read more…

Previous Post

Cruise Stocks: The Big News That Has RCL, CCL, NCLH Stocks Setting Sail

Next Post

Cramer’s Mad Money Recap: Constellation Brands, Walmart

Next Post
Cramer’s Mad Money Recap: Constellation Brands, Walmart

Cramer's Mad Money Recap: Constellation Brands, Walmart

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Fear The Walking Dead Proves The Problem With Negan’s Redemption

Biden offers logistics support to ease formula shortage

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved