FuboTV's Sports Focus Could Double Sub Base in 2 Years: Wedbush
FuboTV’s ability to offer “comprehensive entertainment" and sports viewing is a “real differentiator,” and its focus on the sports viewer and bettors should accelerate subscriber growth, Wedbush analyst Michael Pachter wrote investors Friday. The virtual MVPD, which reports Q3 earnings…
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Tuesday, tripled its subscriber base in two years, and Wedbush believes it will take two more years to double it from there. “As the company learns more about the viewing habits of its audience, it should be able to exploit its data set to drive ad [average revenue per user] even higher,” said the analyst, saying Wedbush hasn't modeled any revenue contribution from sports wagering, which should "eventually add meaningfully" to high-margin revenue growth.