FuboTV shares are trading sharply higher on Wednesday after the virtual cable service posted better-than-expected results for the March quarter.
Fubo is a virtual MVPD, or multichannel video programming distributor, a jargony description for the business of providing a package of streaming cable services via set-top boxes like Roku, Apple TV and Amazon Fire TV. The company competes with services like YouTube TV, Sling and Hulu + Live TV. Those services act as a replacement for legacy cable and satellite TV services from companies…
