Gelonghui, April 24 - On April 23, Fubo Group received the first coverage report from Haitong International. Haitong International affirms Fubo Group's revenue doubling performance in 2022 and the leapfrog development of domestic business. It believes that the new development trend of Web3.0 & AI will empower Fubo's future product innovation. Referring to comparable companies, Haitong International gave Fubo an “better than the market” rating, corresponding to the target price of HK$6.30 per share. There is potential room for an increase of about 114% from the current price. Haitong International said that since 2021, Fubo has added API services to create a copyright protection implementation model with Chinese characteristics to help the company rapidly expand local business and connect more content owners. At the same time, in the context of the transformation of content-side customers to streaming platforms, the DTC platform protection solution custom-developed by Fubo can meet the increasing demand for copyright protection and open up incremental revenue space for value-added services. Furthermore, the company is seizing the development trend of Web 3.0 and AI, actively exploring application opportunities for digital content authorization, digital content asset protection and trading in new scenarios, linking more featured content that attracts young people, further improving and developing product matrices to comprehensively enhance product competitiveness. It is expected that Fubo will maintain a leading position in the Web3.0 & AI development trend.