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Here's Why fuboTV Stock Surged Today

Here's Why fuboTV Stock Surged Today

Shares of fuboTV (NYSE: FUBO) jumped on Wednesday after the sports streaming company announced strong first-quarter results. FuboTV's revenue rocketed upward by 135% year over year to $119.7 million, fueled by expectation-crushing customer additions. CEO David Gandler said people are increasingly canceling their cable packages and replacing them with streaming services.