It’s billed itself as a “sports-first” cable TV replacement product, and when FOX Corporation, Warner Bros. Discovery and ESPN parent The Walt Disney Company announced they were teaming for a proposed “Hulu for Sports” OTT platform, Fubo didn’t take the news lightly.
“The underlying motives and implication of this joint venture also command our scrutiny,” the company said on February 7. Then came the February 20 filing of an antitrust lawsuit in a New York federal district court against the trio of media giants — a move designed to put a stop to its plans.
Now, Fubo has released Q4 2023 results that beat analysts’ estimates and show healthy subscriber growth. Yet, it appears the specter of the FOX/Disney/WBD platform-to-be is still making investors skittish.
