FUBO is a sports streaming service that’s currently heavily shorted at 25%
They best Q2 earnings by 11% and missed revenue estimates by 2%. The stock popped to 156% after earnings.
FUBO has earnings tomorrow. It could pop again. We also have this news from Stocktwits suggesting a possible acquisition by Amazon.
> $FUBO
Trade Desk note: Takeover rumor 24/7 Wall street 11/03/2022 5:29 PM ET
$AMZN
Amazon is potentially looking at FUBO TV as an acquisition target, subscriber growth year over year has been 40% to 50% for FUBO TV and yearly revenue growth is 65%, FUBO TV is gaining more momentum than any other streaming service provider, while Amazon subscriber growth for it’s sport channel line up hasn’t moved the needle, FUBO TV would turn that around for Amazon. FUBO TV is clearly the #1 streaming service for sport fans. “
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>The news from Stocktwits suggests that Amazon may be considering acquiring FUBO TV. This would be a positive development for the company, as it would bring in a larger subscriber base and significantly increase revenue growth.
What time is earnings released?
Now I wish I’d bought more
Just saw this post. I have a similar thesis.
* https://www.reddit.com/r/wallstreetbets/comments/ylj2d9/can_fubo_short_squeeze_after_earnings_tomorrow/?utm_source=share&utm_medium=web2x&context=3
NET had good earnings and the stock crashed AH. So, do you feel lucky in this market?
