ORLANDO, Florida, June 18, 2026, 10:03 (EDT)
- FreeCast shares jumped 89.5% to $9.76 after the company said it signed a reseller deal for Starlink Business services.
- The stock hit $16.08 in early deals, with nearly 60.9 million shares changing hands. Nasdaq will shut on Friday for Juneteenth.
- FreeCast shares have rallied since the DIRECTV expansion last week, but the company’s most recent quarterly report showed thin cash, a net loss, and flagged a going-concern risk.
FreeCast Inc shares jumped almost 100% Thursday morning on Nasdaq after the streaming tech company announced it reached a reseller deal for Starlink Business services. The move brings satellite broadband into FreeCast’s content-distribution plans.
The stock last changed hands at $9.76, up 89.5%. It opened at $11.54 and was as high as $16.08 earlier. Latest trade data showed around 60.9 million shares moved, a large volume for a small-cap that only recently listed.
The deal is key for FreeCast as it lets the company pitch a new approach, bundling internet, TV, ads and digital services to clients like apartments, hotels, campuses, healthcare locations and rural areas. Platform-as-a-Service, or PaaS, is software plus infrastructure that a partner brands itself instead of building from scratch.
FreeCast said its deal with Starlink will put enterprise satellite broadband together with media, TV, ad, and digital engagement products. “Connectivity and content have historically been delivered separately,” CEO William Mobley said in a statement. Business Wire
DIRECTV’s services will now be available through FreeCast’s residential arm and its PaaS partner channel, building on an expanded partnership announced June 11. Mobley said at the time customers are looking for “a single destination” to get live TV, premium streaming, local channels, sports and on-demand. Business Wire
This wasn’t a sector-wide bounce for streaming stocks. Roku edged up 0.2% and FuboTV slipped 1.2% during the same stretch. The action in FreeCast looked driven by factors specific to the company rather than any broad market buying.
FreeCast shares have been volatile this week. On Thursday, Benzinga said the stock was up 167.96% at $13.80 in early trading following the Starlink announcement. The day before, Benzinga noted the share price jumped 141.94% Monday on DIRECTV momentum but then dropped back.
Warning signs remain under the move. FreeCast reported in its quarterly filing for the period ending March 31 cash of $119,302, revenue at $92,909, and a net loss of $4.53 million for the quarter. The company said it faces recurring losses and still needs more capital. It said there’s “substantial doubt” about whether it can keep operating as a going concern, which means it might not meet its obligations over the next year without new capital or better results. SEC
Crowd coverage is still light. Benzinga’s analyst-ratings page lists just one target for FreeCast at $6, with Moomoo citing Maxim Group’s Allen Klee, who kept his Buy call and $6 target in May. That’s now under where shares traded Thursday morning — another clue the rally has left analyst targets behind.
FreeCast listed directly on Nasdaq back in March, opening shares at $33, Renaissance Capital said. Thursday’s rally in the stock was big on a percentage basis, but FreeCast remains far under that initial Nasdaq open.
Conversion is the real test here, not the headline news. Investors get two partnership announcements in DIRECTV and Starlink, but there isn’t much revenue lately to compare with. Nasdaq was closed Friday for Juneteenth. The next session could move on proof that FreeCast has signed deployments, some financials, or money actually arriving, instead of just adding more services to the lineup.
