Here’s to why Helbiz Inc. (HLBZ) stock sky-rocketed during current market trading?

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REVB Stock
REVB Stock

Helbiz Inc. (NASDAQ: HLBZ) stock gained 117.02% in the current market trading session. Helbiz is the world’s leading provider of micromobility services. In 45 locations around the world, the company, which was founded in 2015 and is headquartered in New York City, offers a broad fleet of vehicles, including e-scooters, e-bicycles, and e-mopeds, all on one simple, user-friendly system.

HLBZ stock’ Current Development

Helbiz Inc. struck a deal with FOX Networks Group to broadcast the Italian Serie B championship throughout the United States and the Caribbean through Helbiz Media, the firm’s streaming entertainment platform and the exclusive distributor of the Serie BKT media rights globally. The ground-breaking cooperation is Helbiz Media’s first foray into North America, and it marks the first time the whole Serie B championship will be broadcast in this region.


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Helbiz Media will supply FOX the exclusive audiovisual rights to show live on the FOX Sports family of networks the top Serie B matches and game highlights. Three Serie B games will be televised in HD with English language analysis each week on FOX, while Helbiz Live will provide commentary in Italian for all Italians living in America. For the next three seasons, 2021-2022, 2022-2023, and 2023-2024, the agreement has been confirmed.

Furthermore,

Due to the incorporation of other newly confirmed broadcast regions such as Germany, Austria, Switzerland, the Balkans, Greece, Spain, Latin America, Indonesia, Romania, and Israel, this arrangement serves as a watershed moment for Serie B. The Serie BKT will continue to develop as a result of its broadcasting across various territories, eventually transforming it into an international soccer destination.

Helbiz proceeds to expand into new markets as the first US shared micromobility company to go public on Nasdaq, while also speeding up the growth of adjacent service categories such as live streaming services, which are aimed at providing different levels of subscriptions, letting people to choose their preferred level of content. Helbiz Media and FOX have reached an agreement that promotes the company’s worldwide expansion strategy and provides a potential for rapid growth in the American market.

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