FUBO TV ( FUBO NYSE)
REDDIT SAYS $200 TARGET
Watch These Shares For Upside Breakout
PANIC SHORT COVERING
These sports betting shares hit a 52 week high of $62.29 before consolidating to near current levels .Reddit followers suggest that these shares could explode and run to as high as $200.
A 20 % short position in these shares is plenty of ammo to add fuel to any upside fire
These shares are in play and any movement past $35.00 resistance could carry these NYSE shares past the old 52 week high and even higher . Maybe $200 on PANIC SHORT COVERING
Serious traders should place these shares immediately on their WATCH LIST
FuboTV reported itsQ1 2021 resultsthe day after my May article. Here’s how things shook out.
On the subscriber front, it reported 590,000, up 105% from Q1 2020. Content hours streamed was 228 million, up 113% over a year earlier. The hours watched per paid subscriber was 386.44 [228 million divided by 590,000]. That’s up from 372.82 in Q1 2020, 228.57 in Q1 2019, and 375.91 in Q4 2020.
So, the year-over-year and sequential growth in hours watched per paid subscriber was 3.7% and 2.8%, respectively. While the single-digit increases might not seem like a lot, it was enough to increase revenue by 135% YOY and 13.9% sequentially. Those are both excellent numbers when multiplied by more than half a million subscribers.
Also, consider that it’s just beginning to generate advertising revenue. In Q1 2021, it had $12.6 million in ad revenue, 206% higher than a year earlier and accounting for 11% of its overall revenue of $119.7 million, up from 8% in Q1 2020.
Don’t be concerned that its ad revenue in the first quarter was down from the fourth quarter. But, again, it’s a seasonal thing. The important thing is that all the metrics are moving in the right direction.
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