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NEW YORK & ARLINGTON, Texas – FuboTV Inc. (NYSE: FUBO), a sports-first live TV streaming platform, has expanded its Major League Baseball coverage by adding Rangers Sports Network to its channel offerings. The service will now stream all available Texas Rangers games, including pre- and postgame shows, in the Rangers Sports Network territory, which spans Texas, Arkansas, Louisiana, New Mexico, and Oklahoma. While the company’s gross profit margins remain under pressure at around 13%, InvestingPro analysis shows the stock is currently trading below its Fair Value, suggesting potential upside opportunity. For detailed insights and 12 additional ProTips about FUBO’s performance, investors can access the comprehensive Pro Research Report.
Starting today, subscribers of Fubo’s English-language paid channel plans within these regions will have access to the network’s comprehensive coverage of the Texas Rangers. Additionally, a standalone subscription option for Rangers Sports Network will be made available, compatible with both the Fubo Free and Latino plans in the specified markets.
As part of the agreement, Fubo has been designated as a Proud Partner of the Texas Rangers. The partnership will feature Fubo branding at the team’s home venue, Globe Life Field, and provide fan engagement opportunities, including sweepstakes.
The inclusion of Rangers Sports Network bolsters Fubo’s claim as the destination for local sports, offering over 55,000 live sporting events annually and more than 35 regional sports networks in its base package. The platform also carries MLB.TV, MLB Network, MLB Strike Zone, and other regional sports and broadcast networks, promising comprehensive coverage for baseball enthusiasts.
Todd Mathers, Fubo’s executive vice president of content strategy & acquisition, expressed enthusiasm about the partnership, emphasizing the enhanced experience for subscribers and fans through the new agreement.
Neil Leibman, chairman of Rangers Sports Media and Entertainment Company, acknowledged the significance of the partnership with Fubo, highlighting it as a valuable option for fans to follow the Texas Rangers throughout the season.
This development follows Fubo’s mission to bring together premium sports, news, and entertainment content in one app, aiming to revolutionize the traditional TV model. The company is known for its innovative approach, including being the first virtual MVPD to launch 4K streaming and MultiView, as well as Instant Headlines, an AI feature that generates news topics in real-time. With a Financial Health Score rated as FAIR by InvestingPro, and operating with a moderate level of debt, the company continues to focus on growth and innovation in the competitive streaming market.
The information in this article is based on a press release statement.
In other recent news, FuboTV Inc. reported its financial results for the fourth quarter of 2024, highlighting significant developments for investors. The company achieved a revenue of $434 million for the quarter, which, while representing an 8% year-over-year increase, fell short of the projected $444.95 million. However, FuboTV exceeded earnings per share (EPS) expectations, reporting an EPS of -$0.02 compared to the forecasted -$0.18. This quarter marked FuboTV’s first instance of positive free cash flow, amounting to $16.3 million.
FuboTV also announced a strategic partnership with Disney to integrate Hulu Plus Live TV with its services, positioning itself as a notable player in the pay TV market. Analysts from various firms have been closely monitoring these developments, with some focusing on the implications of the partnership and its potential impact on subscriber growth. The company has set a revenue guidance of $400-$410 million for North America in the first quarter of 2025, alongside a subscriber target of 1,430,000 to 1,460,000. These recent developments underscore FuboTV’s ongoing efforts to enhance its market position and financial performance.
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