Its on track to launch its sports betting service in Q4.
Sports betting will continue the strong growth in average revenue per user.
FuboTV Inc (NYSE: FUBO) co-founder and CEO David Gandler was on CNBC to discuss the company’s plans to produce original content for the World Cup qualifying matches.
Shares of Fubo have jumped more than 20% since the news was first made public yesterday morning. The stock is up around 5% year-to-date and 116% for the trailing one-year period.
Foray into original content
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The company will foray into production of original content for the Qatar World Cup 2022 Qualifying matches of South American Football Confederation. Its slate of original programming will include pre-match, half-time and post-match shows.
World Cup | Benzinga benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
FuboTV Inc. (NYSE:FUBO) shares gained ground Wednesday after the company announced additional programming details around its exclusive live streaming rights to the Qatar World Cup 2022 qualifying matches of the South American Football Confederation. FuboTV will launch a dedicated streaming experience where subscribers can seamlessly stream all qualifying matches.
FuboTV Daily Chart Analysis
FuboTV looks like it may have broken out of what technical traders call a falling wedge pattern.
The stock crossed above both the 50-day moving average (green), and above the 200-day moving average (blue) Wednesday, indicating sentiment in the stock looks to be turning bullish.
The price may find support near each of these moving averages in the future.
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U.S. indices had a mixed day of trading as traders and investors weigh Wednesday s earnings reports. Concerns over inflation and yields, as well as a rotation out of tech and software names, have continued to pressure tech stocks this year.
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SPDR S&P 500 ETF Trust (NASDAQ:SPY) also finished higher by 0.2% at $419.07.
Here are the day s winners and losers from the QQQ, according to data from Benzinga Pro.
Tesla Inc (NASDAQ:TSLA),
Comcast Corporation (NASDAQ:CMCSA) and
NetEase Inc (NASDAQ:NTES) were top gainers for the QQQ Wednesday.
Walgreens Boots Alliance Inc (NASDAQ:WBA)
Biogen Inc (NASDAQ:BIIB) and