I'm genuinely confused how this happens. FUBO had a pretty solid quarter and has shown growth over the past multiple quarters. They having a pending merger with Disney's Hulu, which should offer some cash infusion and path to further growth and emerging market. Revenue has grown, and the company closed 2024 with a record 1.59B in revenue.
Yet the stock tumbles over 20%. Can anyone make sense of this? I'm pretty heavily invested myself and understand these stocks with lower market cap can be risky, but this seems like one that is doing what it needs to do to cut costs, make deals, and show financial stewardship.