fuboTV (FUBO): Valuation Analysis Following Weak Third-Quarter Results Across Streaming Sector
fuboTV shares took a hit after both the company and its sector peer Netflix released disappointing third-quarter results. Netflix also forecasted softer revenue for the months ahead. This has fueled fresh worries for streaming stocks overall.
See our latest analysis for fuboTV.
Even before this week’s sector-wide sell-off, fuboTV stock had been a wild ride. After soaring over 150% year-to-date, it is now retracing from recent highs as the 30-day share price return dropped more than 19%. Long-term holders have dealt with some bruising volatility, with a five-year total shareholder return of -74%. Renewed momentum earlier this year hints that risk appetite and growth hopes still play a big role in the current valuation.
If sector drama…
