FuboTV Inc. (FUBO) has launched BKFC TV, the first free ad-supported streaming TV (FAST) channel from Bare Knuckle Fighting Championship (BKFC). This expansion marks the first time BKFC TV is available outside of the BKFC app, expanding the reach of the combat sport. The channel aims to capitalize on the growing popularity of combat sports by offering a 24/7 stream of BKFC’s premier events, including flagship fights, Prospect Series, and Fight Night events.
The launch of BKFC TV further strengthens Fubo’s 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 launch comes amidst a busy period for Fubo. This week, the company secured a preliminary injunction from the U.S. District Court, Southern District of New York, temporarily halting the launch of a joint venture. Earlier this month, FUBO reported sales growth of 25% Y/Y to $390.97 million, exceeding the analyst consensus estimate of $368.25 million and posting an adjusted EPS loss of $0.04, beating the analyst consensus loss estimate of $0.15.
How To Buy FUBO Stock
Given the recent news, you might be interested in investing in FuboTV, either by purchasing shares or by attempting to bet against the company. Buying shares is typically done through a brokerage account. You can find a list of potential trading platforms here. Many platforms allow you to buy ‘fractional shares,’ enabling you to own portions of stock without buying an entire share. For example, some stocks, like Berkshire Hathaway or Amazon.com, can cost thousands of dollars for just one share. However, if you only want to invest a fraction of that amount, brokerages will allow you to do so. In 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. Alternatively, 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 – both methods allow you to profit from a share price decline.
Price Action
FUBO shares closed lower by 1.98% at $1.980 on Thursday.
