What happened After a multiday slide starting Dec. 22, fuboTV (NYSE: FUBO) shareholders finally caught a break today when the company announced preliminary fourth-quarter earnings that were better than expected this morning. At the same time, the stock also got another bullish analyst note from Needham. As a result, the suddenly active streaming stock was up 22.4% as of 12:18 p.m. EST. Image source: Getty Images. So what Fubo said it now expected fourth-quarter revenue of $94 million-$98 million, up 77%-84% from the year-ago quarter and well above its prior guidance of $80 million-$85 million. Paid subscribers also jumped 72% to 545,000, exceeding guidance at 500,000-510,000 subscribers. CEO David Gandler said, "fuboTV's strong preliminary fourth quarter 2020 results exceeded what was already expected to be a record year for the company, and demonstrate continued consumer excitement for the company's live TV streaming offering." Separately, Needham analyst Laura Martin reiterated her buy rating and $60 price target on the stock, saying that the recent sell-off, which knocked off more than 60% of its value in just two weeks, was due to the expiration of an insider lockup period on Dec. 30, which released 88 million shares. Martin believes that the stock has now bottomed out and fundamentals should resume driving the price action. Now what Fubo has emerged as a battleground stock in recent weeks as analysts have lined up on both sides of the stock with some calling it an epic short and others seeing it as a long-term disruptor. The company is focused on sports streaming and is aiming to include sports betting in its platform. Online gambling stocks saw huge gains in 2020, and exposure to that sector helped drive Fubo shares as high as $62.29 last month. Streaming is a highly competitive market, but Fubo's investors include legacy media heavyweights like Disney, ViacomCBS, AMC Networks, and Comcast-owned Sky. Given the high expectations, disruptive potential and heavy short percentage, the stock is likely to remain volatile for the foreseeable future. 10 stocks we like better than fuboTV, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and fuboTV, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Jeremy Bowman owns shares of Walt Disney. The Motley Fool owns shares of and recommends Walt Disney. The Motley Fool recommends Comcast and fuboTV, Inc and recommends the following options: short January 2021 $135 calls on Walt Disney and long January 2021 $60 calls on Walt Disney. The Motley Fool has a disclosure policy.Source