FuboTV Shares Rally As Growth Tops Estimates

FuboTV shares are buying and selling sharply increased on Wednesday after the digital cable service posted better-than-expected outcomes for the March quarter.

Fubo is a digital MVPD, or multichannel video programming distributor, a jargony description for the enterprise of offering a bundle of streaming cable providers by way of set-top bins like Roku, Apple TV and Amazon Fire TV. The firm competes with providers like YouTube TV, Sling and Hulu + Live TV. Those providers act as a substitute for legacy cable and satellite tv for pc TV providers from firms…

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