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NEW YORK - FuboTV Inc. (NYSE: FUBO), a prominent sports-first live TV streaming platform showing impressive momentum with a 125% year-to-date return, has entered into a multi-year agreement with the European League of Football (ELF) to broadcast games on its Fubo Sports channel. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score, suggesting strong operational fundamentals. The deal, starting with the 2025 season beginning May 17, will allow Fubo Sports to stream one live ELF game every Sunday from various European venues, in addition to five playoff games.
The European League of Football, a major football league in Europe with 16 franchises across nine nations, will now have its games distributed to a broader North American audience. This partnership will enable the league’s content, including game highlights and weekly shows, to be accessible on-demand to Fubo subscribers. The expansion aligns with FuboTV’s robust revenue growth of 13.2% over the last twelve months. For deeper insights into FuboTV’s growth strategy and comprehensive financial analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
According to Pamela Duckworth, head of Fubo Studios, the agreement aligns with the increasing trend of sports fans seeking ad-supported platforms to watch both established and emerging sports properties. Zeljko Karajica, CEO of the ELF, expressed enthusiasm about the opportunity to enhance the league’s presence in North America through Fubo Sports. InvestingPro analysis indicates that FuboTV is currently trading below its Fair Value, with additional ProTips highlighting the company’s strong free cash flow yield and significant recent market performance.
Fubo Sports, launched in 2019 and available on various streaming services like Amazon Prime Video, LG Channels, and Samsung TV Plus, streams 900 hours of live content annually. The channel hosts a range of sports content, including partner content from leagues such as Bare Knuckle Fighting Championship and World Poker Tour.
The European League of Football, which is entering its fifth season, features teams from Germany, Austria, Hungary, Poland, the Czech Republic, Switzerland, Spain, France, and Denmark. The Championship Game for the 2025 season is scheduled for September 7 at Stuttgart’s MHP Arena.
FuboTV’s forward-looking statements in the press release highlight the company’s business strategy and plans for sports programming and distribution, emphasizing their anticipation of successful partnerships and content offerings.
This announcement is based on a press release statement from FuboTV Inc.
In other recent news, fuboTV released its first-quarter 2025 financial results, reporting a loss of $0.02 per share, which exceeded analysts’ expectations of a $0.11 loss. However, the company’s revenue of $407.9 million fell short of the anticipated $440.24 million. Despite this revenue miss, fuboTV’s North American revenue saw a 3.5% year-over-year increase. The company also reported a significant improvement in adjusted EBITDA, which came in at a loss of $1.4 million, marking a $37 million year-over-year improvement. On the downside, advertising revenues declined by 17% year-over-year to $22.9 million, falling 31% below Needham’s expectations. Subscriber numbers in North America decreased by 2.7% year-over-year, with a loss of 206,000 subscribers, which was 10% worse than anticipated. International subscribers also saw a decrease, dropping by 8,000 to 354,000. In response to these mixed results, Needham & Company lowered its price target for fuboTV shares from $3.35 to $3.00, while maintaining a Buy rating on the stock.
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