Why Is Everyone Talking About fuboTV Stock? Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. 1 Stunning Growth Stock to Buy Before It Soars 165%, According to Wall Street, 2 Beaten-Down Growth Stocks to Avoid Like the Plague in April. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Get fuboTV News Delivered to You Automatically. Additionally, it has raised $71.8 million by selling shares of its stock to the public. American Consumer News, LLC dba MarketBeat 2010-2023. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. 1125 N. Charles St, Baltimore, MD 21201. Analysts were targeting 927,000 subscribers. Invest better with The Motley Fool. Export data to Excel for your own analysis. View which stocks are hot on social media with MarketBeat's trending stocks report. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. With degrees in economics and journalism, Shrey Dua leverages his ample experience in media and reporting to contribute well-informed articles covering everything from financial regulation and the electric vehicle industry to the housing market and monetary policy. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week. Under the Inflation Reduction Act, the Centers for Medicare and Medicaid Services will begin negotiating the prices of the most expensive medicines the agency buys. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Why Is FuboTV (FUBO) Stock Down Today? TradingView News As a result, fuboTV had $398.5 million in cash at the end of its third quarter. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. All rights reserved. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. Warner Bros. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was 6, 2023 at 9:55 a.m. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. In-depth profiles and analysis for 20,000 public companies. We track news headlines from hundreds of news outlets and tag them by company. Still, these are variable costs, meaning they increase with each additional subscriber, so it doesn't scale as well as fixed costs, which stay the same regardless of customer or revenue growth. quotes delayed at least 15 minutes, all others at least 20 minutes. This means that fuboTV's share count is rising. Amazon Leads 5 Stocks Near Buy Points Post-Earnings, Fubotv Earns Relative Strength Rating Upgrade, Fubotv Hits 80-Plus Relative Strength Rating Benchmark, Stock Upgrades: Fubotv Shows Rising Relative Strength, Fubotv Shows Improved Relative Strength; Still Shy Of Benchmark, Sports-Centric Live TV Streamer FuboTV Scores Big Second-Quarter Beat, Dow Jones Futures: $1.2 Trillion Infrastructure Bill Lifts Dow, S&P 500 To Highs As Micron Hits Growth; IPOs Upstart, FuboTV Are Big Earnings Movers. FUBO Stock Price | fuboTV Inc. Stock Quote (U.S.: Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Making the world smarter, happier, and richer. 5 Hypergrowth Stocks With 10X Potential in 2023, Even if Block Beats on Earnings, Stay Away From SQ Stock, Louis Navellier and the InvestorPlace Research Staff, Rare Stock Indicators Show the Market Is About to Skyrocket, Ideanomics (IDEX) Stock Surges 90% Ahead of Possible Delisting. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. However, one of todays biggest movers to the fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. To make the world smarter, happier, and richer. The stock has fallen more than 25% since the earnings announcement. The Motley Fool has a disclosure policy. After spiking more View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The sportsbook service is integrated with the company's live-TV service on mobile devices. WebFUBO fuboTV Inc 62,776 Watch Buy $1.14 $0.05 (4.59%) Today $1.15 0.01 (0.88%) After Hours Market Cap $239.05M Volume (M) 9.97M 52-Wk High $8.14 52-Wk Low $0.96 For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. Learn about the media coverage comparison. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Real-time analyst ratings, insider transactions, earnings data, and more. FuboTV down? Current problems and outages | Downdetector Asian shares are trading mostly lower as worries about the health of global economies grew after a tumble on Wall Street, despite some better-than-expected Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Sign up to receive the latest news and ratings for FUBO and its competitors with MarketBeat's FREE daily newsletter. How to watch King Charles III's coronation without going to The information and content are subject to change without notice. Good News for Fubo Stock: Alphabet Raising Prices on YouTubeTV, Why I Refuse to Chase the Maximum Social Security Benefit, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, Social Security Cuts May Be Coming. Fubo is slipping as part of Netflix-induced streaming slump. 326 E 8th St #105, Sioux Falls, SD 57103 The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, To sustain those losses, fuboTV is tapping capital markets and raising money. But losses continue too, meaning the company may need to raise more money. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Invest better with The Motley Fool. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Can Fubo TV Survive Its Most Recent Slump? WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Seamus Power odds to win the 2023 THE PLAYERS Championship, How to watch Basketball Wives episode 18: Time, TV, free live stream, fuboTV Inc. (NYSE:FUBO) Q4 2022 Earnings Call Transcript, Steer Clear of fuboTV Until This Starts Happening, Indie Green-Themed Network EarthXTV Lands Carriage on FuboTV's Base Tier, fuboTV Adds Environmental Network EarthxTV to Base Subscription Package, Barrington Reaffirms Their Hold Rating on fuboTV (FUBO), Nexstar Exec on Why Broadcasters Balked at CBS Terms for Pact With Sports Streamer FuboTV, If You Have Not Sold fuboTV by Now, You Might as Well Hold, fuboTV Inc.'s (NYSE:FUBO) 17% loss last week hit both individual investors who own 43% as well as institutions, fuboTV (FUBO) Q4 2022 Earnings Call Transcript. Why Is Everyone Talking About fuboTV Stock? For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Discovery, Fox and fuboTV, Traders Purchase Large Volume of Put Options on fuboTV (NYSE:FUBO), fuboTV Inc. (NYSE:FUBO) Receives $4.85 Consensus Price Target from Brokerages, Insider Selling: fuboTV Inc. (NYSE:FUBO) Insider Sells $87,206.04 in Stock, How to stream every out-of-market MLB game on FuboTV this season (free trial), Tyler Perrys Assisted Living season 4 episode 2: How to watch for free (3/29/23), Farmer Wants a Wife season 1 episode 4: How to watch for free (3/29/23), Play Ball! With each new subscriber, fuboTV needs to pay media companies like Disney. In a report Tuesday, LightShed Partners slammed FuboTV stock. (844) 978-6257. Note that with more shares outstanding, a company's profits are split more broadly. Indeed, Identify stocks that meet your criteria using seven unique stock screeners. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. 1 Stunning Growth Stock to Buy Before It Soars 165%, According to Wall Street, 2 Beaten-Down Growth Stocks to Avoid Like the Plague in April. Privacy Policy & Terms of Use. Indeed, expenses as a percentage of revenue were 165.5%. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. As of Sept. 30, it had 142.5 million shares outstanding. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. 2023 NFL Draft live stream: How to watch night 2 online, time But its shares pulled back from that resistance level. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? fuboTV (FUBO) Set to Announce Earnings on Friday - MarketBeat S&P 500 4,135.35 DOW Stocks are for suckers try this instead (Ad) Stocks are for suckers try this instead (Ad) [BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad) Stocks are for suckers try this instead (Ad) Stocks are for suckers try this instead (Ad) GDC Stock Alert: Why Is GD Culture Group Up 700% Today? fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Authors may own the stocks they discuss. What happened. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but Stock market today: Asian stocks dip on economy worries That's nearly twice as much as the $72 million it lost in the same time last year. Get daily stock ideas from top-performing Wall Street analysts. Shares of FuboTV ( FUBO) are plunging in todays session, with FUBO stock down more than 10%. This move appears to reflect worsening sentiment around speculative growth stocks. Additionally, poor tech earnings have left a sour taste in investors mouths, with many hitting the ask today. Should You Be Too? The company had slightly more than 300,000 subscribers in 2019, but it was up to 455,000 paid subscribers as of the quarter ended Sept. 30, representing a 58% gain over the prior-year period. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Image source: Getty Images. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. Is United Airlines Playing a Game of Limbo with Its Guidance? On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? contact@marketbeat.com FuboTV Stock Falls Despite Better-Than-Expected Subscriber Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. 2. fuboTV's net losses are diluting shareholders. But the sharp share price increase has also driven the valuation to lofty levels. That's based on the midpoint of its outlook. As you might imagine, investors havent been kind to Netflix stock today. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. To make the world smarter, happier, and richer. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Get market updates, educational videos, webinars, and stock analysis. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. 0.58Average Consumer Discretionary News Sentiment. 2023 NFL Draft live stream: How to watch online, time and TV Fubo starts at $75 per month, though Netflix, was, perhaps as expected, the worse casualty of its earnings call. 2000-2023 Investor's Business Daily, LLC. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Parkev Tatevosian owns shares of Walt Disney. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Why Is FuboTV (FUBO) Stock Down Today? If You Do This, You Won't Have to Worry About Them, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. That's what makes a market, after all. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. You have already added five stocks to your watchlist. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter The firm raised doubts about whether the company could make a viable business out of its money-losing multichannel video service and subscale sports-betting product. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Making the world smarter, happier, and richer. (SecondSide/stock.adobe.com). Each headline receives a score ranging from 2 (good news) to -2 (bad news). Let's look closer at two reasons the market is concerned about fuboTV. In the most recent nine months The business itself is showing strong growth. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. *Average returns of all recommendations since inception. For Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Copyright, Trademark and Patent Information. According to analysts' consensus price target of $4.85, fuboTV has a forecasted upside of 325.4% from its current price of $1.14. fuboTV has only been the subject of 3 research reports in the past 90 days. fuboTV, Inc. operates as a sports-first, live TV streaming company. JPMorgan Rescues First Republic. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Learn More. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations.
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