12 Best Stocks to Invest in for a Stock Market Game

6. fuboTV Inc. (NYSE:FUBO)

Price momentum over the past year: 108.44%

fuboTV Inc. (NYSE:FUBO) is a New York-based, fast-growing, live TV streaming platform. While engaging in providing subscriptions to content like sports and news, the channel offers its services through streaming devices and on television, mobile phones, and computers, among others. In 2022, the company was ranked no.1 by J.D. Power in customer satisfaction among live TV streaming providers. Similarly, FUBO has been named “a force in sports streaming” by Forbes. With operations across the United States, Canada, Spain, and France, the powerhouse is defining the future of TV.

The current year, so far, is becoming a pivotal period for fuboTV Inc. (NYSE:FUBO) as it discloses its plan to merge The Walt Disney Company’s Hulu + Live TV business. The merged entity is anticipated to have a total subscriber count of more than 6.2 million in North America. By leveraging Disney’s advertising expertise and marketing reach to add new revenue streams, the new entity can benefit from the ad revenue growth.

Having said that, this deal also has the potential to lift fuboTV Inc. (NYSE:FUBO) from its cashflow shortfalls. Under the terms of the agreement, FUBO will be getting a $145 million term loan from Disney and will be injected with $220 million from a settlement of its pending lawsuit. This means that after adding these inflows, the liquidity will be higher than the current total debt of around $332.7 million. And with Disney as the major stakeholder, FUBO is least likely to fall into bankruptcy.

According to a report by Grandview Research, the market for Live TV Streaming, standing at $18.5 billion, is expected to grow at 19.7% CAGR for the next 5 years, reaching $65.1 billion by 2030. In the face of such optimism, we are a fuboTV Inc. (NYSE:FUBO) bull.