Fubotv Inc. (FUBO) has disclosed a new risk, in the Litigation & Legal Liabilities category.
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FuboTV Inc. faces a significant business risk with the potential launch of the Network JV by Disney, Fox, and WBD. The company has taken legal action on antitrust grounds to halt the formation of this competitive sports streaming service, which, if launched, could drastically undermine FuboTV Inc.’s market position. Unfavorable outcomes from the lawsuit or the ongoing Department of Justice investigation might lead to severe repercussions, including a substantial subscriber loss, hindered growth, and jeopardized solvency, possibly culminating in its removal from the New York Stock Exchange.
Overall, Wall Street has a Moderate Buy consensus rating on FUBO stock based on 4 Buys, 1 Sell and 4 Holds.
To learn more about Fubotv Inc.’s risk factors, click here.