Founder's Call: Why We're No Longer Bullish on FUBO By Andy Swan 
Watch Now Today, we're going to address some inquiries from LikeFolio Investor subscribers about Fubo (FUBO). We've had some astute readers write in to ask us what's next for the "sports-first" streamer, which once looked like it had the potential to become an AI juggernaut in the streaming space.
We introduced LikeFolio Investor readers to Fubo in June 2023 in the report, The Great Microcap AI Moonshot, as live sports were becoming one of the main drivers of streaming services. Fubo demand was picking up in a big way on Main Street, and its stock had shot up 51% in just a month. It continued that upward trajectory – reaching as high as $3.87 in August.
Our data looked even more favorable when we checked in with the company on a January 2024 Founder's Call.
So what changed?
Fubo's problem is the massive sports streaming joint venture between ESPN (DIS), Fox (FOXA), and Warner Bros. Discovery (WBD). That venture would bundle ESPN+, plus access to 14 linear networks: ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNEWS, ABC, FOX, FS1, FS2, Big Ten Network, TNT, TBS and truTV, creating essentially a one-stop shop for sports and more.
Of course, a giant competitor for Fubo like that would really limit the company's options. It filed an antitrust suit against Disney and the other companies in February, but it remains to be seen whether the suit is successful.
The data was favorable when we named FUBO a "moonshot" stock (that's an inexpensive stock that has the potential for a meteoric rise if tailwinds and trends are just right), but considering the developments we've seen in 2024, and how LikeFolio data looks now, we're concerned about whether it can realize its potential.
We're no longer bullish on Fubo. That's the bad news.
The good news is we got in on DIS in October – and that stock has already delivered a nearly 45% gain.
Watch today's Founder's Call for the full story on FUBO – and what to do next.
We would love to hear feedback about Fubo or answer any other questions you might have about the market at large. Please reach out to us at contact@derbycityinsights.com, and you may see your question addressed on a future broadcast.
Until next time, |
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