Small position in calls here, per last call transcript, fuboTV Inc. exceeded Q4 2023 earnings expectations with an EPS of -$0.17 against a forecast of -$0.25. The report highlighted significant year-over-year growth, including a 12% increase in paid subscribers and a 29% rise in total revenue. The company also reported a record $114 million in annual ad revenue, a 14% improvement from the previous year. Despite facing a challenging advertising market and anticompetitive practices from rivals, fuboTV is confident in achieving profitability by 2025, bolstered by a strong balance sheet, improved free cash flow, and operational efficiencies. Additionally, fuboTV filed an antitrust lawsuit against major media corporations, aiming to combat monopolistic practices in sports streaming.
fuboTV beating earnings expectations, showing significant year-over-year growth in both subscriber numbers and total revenue, alongside achieving a record in annual ad revenue. The company's strong balance sheet and improved operational efficiencies, as evidenced by better free cash flow and adjusted EBITDA, underscore its path towards profitability by 2025. These factors, combined with its proactive stance against anticompetitive practices through an antitrust lawsuit, i dont think this stock should trade in a new lower liquidity range, we are at the cheap LVN, there was also an upgrade today by a firm to 2.50, which is the next accepted trading range above if the market wants to re evaluate the fair value of FUBO.
I do not use the Wyckoff Sniper, by the way. lol. forgot to take it off as i was looking at it today out of curiosity.
I am comfortable with wyckoff logic, but this is not my go to.
fuboTV beating earnings expectations, showing significant year-over-year growth in both subscriber numbers and total revenue, alongside achieving a record in annual ad revenue. The company's strong balance sheet and improved operational efficiencies, as evidenced by better free cash flow and adjusted EBITDA, underscore its path towards profitability by 2025. These factors, combined with its proactive stance against anticompetitive practices through an antitrust lawsuit, i dont think this stock should trade in a new lower liquidity range, we are at the cheap LVN, there was also an upgrade today by a firm to 2.50, which is the next accepted trading range above if the market wants to re evaluate the fair value of FUBO.
I do not use the Wyckoff Sniper, by the way. lol. forgot to take it off as i was looking at it today out of curiosity.
I am comfortable with wyckoff logic, but this is not my go to.
Trade closed: stop reached:
Im going to jump out here.