FuboTV faces challenges as Netflix stumbles in live sports streaming

Former boxing champion Mike Tyson's fight against YouTuber Jake Paul, streamed on Netflix on November 15, faced major technical issues, raising questions about Netflix's ability to succeed in live sports streaming. This situation could benefit fuboTV, which specializes in sports streaming. FuboTV's recent performance shows slowing growth, with a 20.3% revenue increase to $386.2 million in Q3 2024, down from 42.6% growth the previous year. Subscriber growth in North America also slowed, while international subscribers declined by 8.1%. Netflix plans to stream more live sports, including NFL games on Christmas Day, which could threaten fuboTV's subscriber base. FuboTV is also facing competition from a potential new sports streaming platform backed by major media companies, adding to its challenges.