10 Best Multibagger Penny Stocks to Buy According to Billionaires

3. Fubotv Inc. (NYSE:FUBO)

Number of Billionaire Holders: 8

1-Year Gain as of April 21: 123.13%

Share Price as of April 21: $2.99

Fubotv Inc. (NYSE:FUBO) is a commercial services company providing live TV streaming services. It aggregates a wide range of premium sports, news, and entertainment content into a user-friendly app, aiming to revolutionize the current television model. The stock has exploded over the past year, rallying by 123.13% on striking a strategic partnership with theme park giant Disney.

The deal paves the way for the iconic media juggernaut to own at least a 70% stake in Fubotv. The deal should add a layer of credibility, scalability, and liquidity, strengthening Fubotv Inc.’s (NYSE:FUBO) prospects in the live streaming business. Additionally, it should strengthen the company’s competitive edge as it seeks to target more than 20 million US homes that subscribe to live TV streaming.

In addition, increased focus on innovation and subscriber monetization has also bolstered Fubotv Inc.’s (NYSE:FUBO) growth avenues. Its average revenue per user surged to a record high of $87.90 in North America in the fourth quarter of 2024. The company also achieved free cash flow for the first time, affirming improved operational efficiency and why it is one of the best multi-bagger penny stocks to buy, according to billionaires.