Following these transactions, Horihuela holds 1,446,730 shares of fuboTV common stock. The company maintains a moderate debt level with a debt-to-equity ratio of 1.61, while operating with a current stock price of $3.81. The company maintains a moderate debt level with a debt-to-equity ratio of 1.61, while operating with a current stock price of $3.81.
Following these transactions, Horihuela holds 1,446,730 shares of fuboTV common stock. The company maintains a moderate debt level with a debt-to-equity ratio of 1.61, while operating with a current stock price of $3.81.
Following these transactions, Horihuela holds 1,446,730 shares of fuboTV common stock.
In other recent news, FuboTV (NYSE:FUBO) Inc. has been making significant strides in its operations. The company reported a robust performance in the third quarter of 2024, demonstrating a 21% year-over-year growth in total revenue to $377 million, and a 9% rise in paid subscribers, totaling 1.613 million. Adjusted EBITDA also improved nearly $100 million year-over-year, though an 11% dip in advertising revenue was noted due to challenging year-over-year comparisons.
In a major development, FuboTV is reportedly close to merging its online live TV operations with Walt Disney (NYSE:DIS) Co. The merger, excluding Hulu's subscription video service, would result in a new entity where Disney holds 70% of the shares and FuboTV the remainder. This joint venture is expected to become the second-largest digital pay-TV provider, with approximately six million subscribers.
FuboTV has also expanded its offerings by partnering with NBCUniversal to launch 18 free ad-supported television channels, enhancing its existing lineup. This includes the introduction of four Telemundo channels to its Spanish-language Latino plan and all English-language channel plans. An additional 14 NBCU channels are set to be added to all Fubo English-language plans soon.
Finally, FuboTV unveiled a series of new interactive Connected TV ad formats intended to enhance audience engagement and potentially increase purchase intent. This innovation is part of FuboTV's ongoing strategy to provide a comprehensive and personalized streaming experience.
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