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FuboTV Inc. (NYSE:FUBO) launched BKFC TV, the first free ad-supported streaming TV (FAST) channel from Bare Knuckle Fighting Championship (BKFC).
This expansion makes BKFC TV available beyond the BKFC app for the first time. The channel aims to capitalize on the growing popularity of combat sports.
Fubo and BKFC have teamed up to launch BKFC TV, a 24/7 channel that streams BKFC’s premier events, including flagship fights, Prospect Series, and Fight Night events.
With the launch of BKFC TV, Fubo is expanding its commitment to BKFC coverage. BKFC’s live combat fights, already streaming on Fubo Sports (Fubo’s owned and operated FAST network), consistently rank among the network’s top 10 most-watched programs.
Pamela Duckworth, head of Fubo Studios, Fubo said, “BKFC fight content took off on our Fubo Sports FAST channel, and we couldn’t wait to bring a dedicated BKFC network to Fubo’s live TV streaming platform.”
“Fans crave high-energy combat sports and we continue to see that trend hold true with BKFC fights. Now Fubo subscribers can watch BKFC content around the clock.”
David Feldman, founder and CEO of BKFC, said, “We have achieved phenomenal viewership on Fubo Sports, and thought the timing was perfect for us to launch our FAST channel with Fubo. We look forward to giving the fans nonstop BKFC action any time of the day, any day of the week.”
This week, the company obtained a preliminary injunction from the U.S. District Court, Southern District of New York, temporarily halting the launch of a joint venture.
This month, FUBO reported sales growth of 25% Y/Y to $390.97 million, beating the analyst consensus estimate of $368.25 million and adjusted EPS loss of $0.04, beating the analyst consensus loss estimate of $0.15.
By now you're likely curious about how to participate in the market for FuboTV – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of FuboTV, which is trading at $1.98 as of publishing time, $100 would buy you 50.51 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Also Read: Federal Judge Blocks Disney, Fox, Warner Bros. Sports Venture After FuboTV Antitrust Lawsuit
Price Action: FUBO shares closed lower by 1.98% at $1.980 on Thursday.
Photo via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
