Shares of sports-first streaming service FuboTV gained 6% in Friday morning trading.
FuboTV said Thursday it has acquiredthe exclusive live streaming rights to the Qatar World Cup 2022 Qualifying matches of South American Football Confederation. Terms of the deal, a partnership with the 10 South American teams’ rights holders, were not disclosed.
Through the new partnership, FuboTV has also acquired the exclusive OTT live streaming rights only for the remaining 70 matches, including Qatar World Cup 2022 Qualifiers. In addition, the company acquired the re-air and highlight rights as well as rights to matches featuring both English and Spanish commentary.
FuboTV has seen strong growth in revenue and subscribers in recent quarters. In March, FuboTVreportedan 83% year-over-year surge in fiscal 2020 revenue and 73% growth in paid subscribers compared to the prior year.
The company also highlighted its plans to launch sports betting by the fourth quarter of fiscal 2021 following its acquisition of Vigtory, a sports betting and interactive gaming company. FuboTV aspires to leverage its subscriber base and sport fan customers into a sports betting platform.
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