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Although FUBO has gained 181.6% over the past year, due primarily to a significant growth in subscription, it reported a huge net loss for 2020. Moreover, the company’s high operating costs and broadcasting expenses are causing its expenditures to outweigh its revenue generation.
In an increasingly crowded streaming space, FUBO remains unprofitable. And even though the company remains focused on growing its subscription base by investing in new content, it faces immense competition from TV streaming titans, such as Disney+ and YouTube TV. So, we think the stock could witness a further price retreat.
