Diamonds and Dogs
FuboTV (FUBO) scores. The live TV sports streaming provider is up 14% following earnings. It was the third consecutive quarter of accelerating year-over-year top-line growth since going public late last year as sales rose 135% to $119.7 million. FuboTV now has 590,430 subs on its books, 105% more than it had a year earlier. Ad revenue more than tripled. FuboTV now sees 830,000 to 850,000 subscribers by year-end, up from the 760,000 to 770,000 it was targeting just two months ago.
Lemonade (LMND) a little sour. The online insurance provider is down 16% to a five-month low following earnings. Due to the deep freeze in Texas back in February, Lemonade received "about a year's worth of claims" in the first few days as their loss ratio rose 121% in the first quarter. Go forward, Lemonade is expecting brighter skies as they expand into high-potential auto insurance business.
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