On the surface, things look bad for streaming cable television outfit fuboTV. Not only did its fourth-quarter earnings fall short of estimates, but DISH Network and DraftKings are now teaming up to offer sports betting using DISH’s TV set-top boxes. See, fuboTV is working on a similar sports-wagering platform. End result? Fubo shares are down by roughly a fourth of their value in response to the two news items that broke earlier last week.
This steep sell-off, however, may ultimately be a buying opportunity. There are a couple of nuances with the DISH/DraftKings deal that dampen its potential threat to fuboTV’s betting plans. And last quarter’s earnings miss looks past a couple of important details about the young company’s numbers.
