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The Motley Fool fool.com 05 Aug, 2022 14:00 am

fuboTV Is Considering Strategic Options for Its Wagering Business

fuboTV Is Considering Strategic Options for Its Wagering Business
It turns out that building a sports wagering business in-house requires more cash than this market has the patience for.

Particularly worrisome is the streaming service's operating cash flow.fuboTV operating cash flow during Q2 was negative $91.fuboTV's timeframe for positive free cash flow?Its plans to move closer to positive free cash flow include reducing internal costs, disciplined management of content costs in an effort to improve unit economics, and the consideration of strategic opportunities for its wagering business, where the company has a live app in Arizona and Iowa allowing users to sync live sports viewing and wagering in one integrated ecosystem.

As a result, we're evaluating strategic opportunities for our wagering business.Whatever fuboTV is able to do with its wagering business to help mitigate risk, investors should keep in mind two things.

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