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FUBO Stock Looks Like an Excellent Bet

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FuboTV (NASDAQ:FUBO) surged over 11% the day after impressing investors with a stellar earnings report. The company beat estimates on both the top and bottom lines. But it was only getting started.

The company reported a 138% increase in total paid subscribers to 682,000. This was significantly higher than its own estimates of between 600,000 and 625,000 subscribers. Better still, the company upped its forecast for new subscribers to 910,000 to 920,000 which would be a 67% year-over-year increase from the midpoint of 2020. The company also raised its full-year revenue guidance to between $560 million and $570 million in revenue.

Investors are frequently encouraged to lean into trends. In the case of FuboTV, investors are leaning into two significant trends. The first is the trend towards streaming TV and the second is the growth of online sports betting. In fact, some are calling FuboTV a combination of DraftKings (NASDAQ:DKNG) and traditional cable. Let’s look at how each of these relates to FuboTV.

Carving Out a Niche In Streaming

On the streaming front, FuboTV presents investors with a........

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