FuboTV (FUBO) Repurchases $140.2M Convertible Notes, Enhancing Financial Flexibility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: seekingalpha
- Convertible Note Repurchase: FuboTV repurchased $140.2 million of its 3.25% convertible senior notes at 100% of principal plus accrued interest, demonstrating proactive debt management in line with indenture terms.
- Funding Source: This repurchase transaction follows FuboTV's receipt of $145 million from a term loan linked to its 2025 business combination with Hulu + Live TV, thereby enhancing the company's financial flexibility.
- Debt Maturity Context: The repurchased notes were originally due on February 15, 2026, while FuboTV confirmed no repurchases were made for its 2029 convertible notes, indicating prudent management of its debt structure.
- Market Reaction: FUBO shares rose 3% in after-hours trading, reflecting a positive market response to the company's repurchase actions, which may bolster investor confidence in its future growth potential.
Analyst Views on FUBO
Wall Street analysts forecast FUBO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FUBO is 4.63 USD with a low forecast of 4.25 USD and a high forecast of 5.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
2 Buy
2 Hold
0 Sell
Moderate Buy
Current: 2.570
Low
4.25
Averages
4.63
High
5.00
Current: 2.570
Low
4.25
Averages
4.63
High
5.00
About FUBO
FuboTV Inc. is a live television (TV) streaming company. The Company offers subscribers access to tens of thousands of live sporting events annually, alongside news and entertainment content, both live and on demand. It offers consumers a broad set of sports, including more than 55,000 live sporting events, and entertainment-focused programming offerings from Fubo and Hulu + Live TV. It owns Hulu + Live TV (entertainment), Fubo (sports) and Molotov (entertainment and sports), which stream in markets around the globe. FuboTV Inc. is an affiliate of The Walt Disney Company. The Company's platform is designed to enable customers to access content through streaming devices and on Smart TVs, mobile phones, tablets, and computers. Its platform provides with a broad suite of features and personalization capabilities, such as multi-channel viewing capabilities, favorites lists and a recommendation engine, as well as 4K streaming and Cloud DVR offerings.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
