Shares of fuboTV Inc. (FUBO) are surging 5.20% in pre-market trading on Tuesday, following the company's impressive third-quarter earnings report and a reaffirmed positive outlook from analysts. The sports-first live TV streaming platform continues to show strong growth potential, particularly in light of recent industry developments.

FuboTV's Q3 results have exceeded expectations, demonstrating the company's ability to grow its subscriber base and revenue in a competitive streaming market. While specific figures were not provided, the strong performance has clearly resonated with investors, driving the stock's upward movement.

Adding to the positive sentiment, Needham analyst Laura Martin has maintained a Buy rating on FUBO stock. Martin's bullish stance is particularly noteworthy as it comes in the wake of Disney's acquisition of Hulu. The analyst highlights fuboTV's strategic advantages and growth potential in the post-acquisition landscape, suggesting that the company is well-positioned to capitalize on the evolving streaming industry dynamics.

As fuboTV continues to carve out its niche in the sports-centric streaming space, investors appear increasingly confident in the company's future prospects. The combination of strong financial performance and positive analyst coverage is providing a significant boost to FUBO shares, as reflected in today's pre-market surge.