Sports fans know a bad quarter when they see one, and fuboTV (NYSE: FUBO) certainly got blown out through the first three months of 2021. Shares of the live-TV streaming platform tumbled 21% in the first quarter, but if you bump the starting line by a few weeks you’ll find that fuboTV has surrendered more than half of its value in just the past two months.
It’s not a bad quarterly report that has tripped up fuboTV. It actually exceeded expectations on most fronts when it offered up fresh financials in early March. The fast-growing streaming specialist just happens to be at a cruel intersection where folks are dumping media stocks, growth investments, and recent IPOs. FuboTV can check off all three of those boxes, but it’s a prime candidate to bounce back now that the second quarter is getting started.