fuboTV Inc. (FUBO) stock surged 8.05% in the pre-market trading session on Friday, February 21, 2025, following a two-day slump. The rally comes ahead of the sports-first live TV streaming platform's fourth quarter and full year 2024 earnings release scheduled for February 28th.
Investor sentiment for FUBO appears to be boosted by optimism surrounding Disney's planned acquisition deal to combine its Hulu + Live TV service with fuboTV. While Senator Elizabeth Warren raised antitrust concerns about the deal potentially leading to higher prices, markets seem to be shrugging off these worries for now. FUBO stock had dipped briefly on Thursday after reports of Warren's letter to the DOJ's antitrust division.
Additionally, FUBO's upcoming earnings report next week is likely driving anticipation among traders. The company's ability to continue growing its user base and revenue will be closely watched, especially in light of the potential Disney deal that could significantly expand its market reach.
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