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The move signals decreasing competition, which is good for industry profits.
FuboTV (FUBO 1.46%) has long struggled to make progress on profitability. Thankfully, easing price competition will help Fubo raise prices and not lose customers as a result. This video details the importance of Alphabet's (GOOG 9.96%) (GOOGL 10.22%) decision to raise prices.
*Stock prices used were the afternoon prices of March 19, 2023. The video was published on March 21, 2023.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet and fuboTV. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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