FUBO Shares Fall 46% YTD: How Should Investors Play the Stock?

FuboTV (FUBO) shares have decreased 45.6% year to date (YTD), underperforming the Zacks Consumer Discretionary sector’s appreciation of 15% and the Zacks Broadcast Radio & Television industry’s return of 55.3%.FUBO’s subpar performance can be attributed to intense competition, ongoing legal challenges and pressures from the virtual MVPD market.FUBO’s Earnings Estimates Indicate Y/Y GrowthFor the fourth quarter of 2024, FUBO expects revenues from North America to be between $426 million and $446 million, rep ...