FuboTV Stock Is Down 97% From Its Peak, but It's Still Not a Buy

FuboTV (NYSE: FUBO) has established itself as a leading streaming service for live sports. The company has racked up nearly 1.5 million subscribers in North America, with each paying $85.69 per month on average, along with another 0.4 million lower-value subscribers around the world.One thing the company has failed to do, though, is figure out how to turn a profit. On $391 million in revenue during the second quarter of 2024, FuboTV reported a net loss of $25.8 million, an adjusted EBITDA loss of $11.0 million, and a free cash flow loss of $35.3 million.While losing money isn't out of the ordinary for a fast-growing company with big ambitions, there are multiple other reasons to stay far away from FuboTV. Even with the stock down around 97% from its pandemic-era peak, investors should be extremely cautious.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool