Like pay TV, sports betting is an expensive business to compete in, and while brand recognition has helped raise awareness for media-branded sportsbooks in the US, it hasn't translated steadily into customer loyalty or stronger margins.įubo stock is down about 80% year over year, compared to the S&P 500's 12% drop and relative stagnation of streaming stocks including Roku.Fubo looked poised in October 2020 to make big moves when the then-5-year-old company raised $183 million Still, Fubo staff had confidence Gandler could build a robust streaming-ads business, former employees told Insider back in 2021, given his experience at Telemundo, Time Warner Cable, Scripps, and the streaming service DramaFever (where heIn January 2021, Fubo, whose main offices are in New York, announced it was, a Chicago-based sports-betting startup founded in 2018 by 22-year-old Sam Rattner, which became the foundation of Fubo's gaming division.