fuboTV Inc. (formerly FaceBank Group, Inc.)

General Information
Business:

(Note: This is not an IPO. This is an uplift to the New York Stock Exchange from the OTCQB Venture Market, where the stock trades under the symbol “FUBO” and closed on Sept. 25, 2020, at $10.52, according to the prospectus. On Aug. 10, 2020, the company changed its name to fuboTV from FaceBank Group, Inc.; it acquired fuboTV Inc. on April 1, 2020.)

fuboTV is the leading sports-first, live TV streaming platform, offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content. fuboTV’s platform allows customers to access content through streaming devices, and on SmartTVs, mobile phones, tablets and computers. We offer subscribers a live TV streaming service, priced at $59.99 per month, with the option to purchase add-ons and features best suited to their preferences (enhanced Cloud DVR, Family Share plan.) Our base plan includes a broad mix of 100+ channels, including 43 of the top 50 Nielsen-ranked networks (among adults aged 18-49), across sports, news and entertainment. In the summer of 2020, we added ESPN and ABC as well as other top programming from Disney.  

Revenue for the six months ended June 30, 2020, was $51.5 million, with a net loss of $129.95 million. (See summary, post-merger FuboTV financial data.)

 

Industry: Motion Picture & Videotape Production
Employees: 213
Founded: 2009
Contact Information
Address 1330 Avenue of the Americas New York, NY 10019
Phone Number (212) 672-0055
Web Address https://www.facebankgroup.com
View Prospectus: fuboTV Inc. (formerly FaceBank Group, Inc.)
Financial Information
Market Cap $622.0mil
Revenues $ mil (last 12 months)
Net Income $ mil (last 12 months)
IPO Profile
Symbol FUBO
Exchange NYSE
Shares (millions): 18.3
Price range $10.00 - $10.00
Est. $ Volume $183.0 mil
Manager / Joint Managers Evercore ISI
CO-Managers BMO Capital Markets/ Needham & Co./ Oppenheimer & Co./ Roth Capital Partners/ Wedbush Securities
Expected To Trade: 10/8/2020
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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