Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. Can Fubo TV Survive Its Most Recent Slump? All rights reserved. Sign up for free today. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was 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. 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. Howard Smith has no position in any of the stocks mentioned. You have already added five stocks to your watchlist. Can Earnings Recharge Electric Vehicle Stocks? Note that with more shares outstanding, a company's profits are split more broadly. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. 2023 InvestorPlace Media, LLC. Fubo Becomes Streaming Leader in Baseball Coverage With MLB.TV Content Partnership, Investors Purchase High Volume of fuboTV Put Options (NYSE:FUBO), FuboTV Rebrands as Fubo, Launches Ad Campaign Co-Produced by Ryan Reynolds Maximum Effort Productions Featuring Kevin Garnett and Mark Sanchez, Down -53.39% in 4 Weeks, Here's Why You Should You Buy the Dip in fuboTV Inc. (FUBO). NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) fuboTV Stock Forecast, Price & News (NYSE:FUBO) 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. What happened. Invest better with The Motley Fool. How to watch King Charles III's coronation without going to Get these newsletters delivered to your inbox & more info about our products & services. 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 In the most recent nine months American Consumer News, LLC dba MarketBeat 2010-2023. Stock market today: Asian stocks dip on economy worries Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. 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. Why The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Bank Failures Widen. 2023 NFL Draft live stream: How to watch online, time and TV SOFI stock is exemplifying that today. *Average returns of all recommendations since inception. 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. Tesla Continues to Defy Expectations, Is it Buyable Again? It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. The New York City-based company late Tuesday said it added 262,884 subscribers in the September quarter, ending the period with 944,605 total subscribers. The sportsbook service is integrated with the company's live-TV service on mobile devices. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. contact@marketbeat.com 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. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. 326 E 8th St #105, Sioux Falls, SD 57103 To make the world smarter, happier, and richer. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Get daily stock ideas from top-performing Wall Street analysts. FuboTV outages reported in the last 24 hours This chart shows a view of problem reports submitted in the past 24 hours compared to the typical volume of No doubt, that's impressive growth. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. 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) Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. 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. FUBO 0.58Average Consumer Discretionary News Sentiment. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Learn More. Making the world smarter, happier, and richer. That's up from 44.2 million at the same time last year. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 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. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. Why Is FuboTV (FUBO) Stock Down Today? Is United Airlines Playing a Game of Limbo with Its Guidance? On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. That's what makes a market, after all. Ownership data provided by Refinitiv and Estimates data provided by FactSet. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. All rights reserved. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders This morning, Netflix reported its financial results for its fiscal Q1 2022. Get short term trading ideas from the MarketBeat Idea Engine. Want to learn more about investing? That's nearly twice as much as the $72 million it lost in the same time last year. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. The end game for FuboTV executives likely is to "sell the company before everyone realizes how bad the underlying financial story actually is," LightShed analysts said. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. 2 Reasons Why fuboTV Stock Crashed After Earnings How to watch King Charles III's coronation without going to Why Is Everyone Talking About fuboTV Stock? analyst said the $40 stock is only worth $8. But the sharp share price increase has also driven the valuation to lofty levels. 1125 N. Charles St, Baltimore, MD 21201. Why Is FuboTV (FUBO) Stock Down Today? TradingView News quotes delayed at least 15 minutes, all others at least 20 minutes. Each headline receives a score ranging from 2 (good news) to -2 (bad news). SoFis guidance raise to a range of $1.955 billion to $2.02 billion up from $1.925 billion to $2 billion was very slight. Learn More. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Cost basis and return based on previous market day close. Copyright This means that fuboTV's share count is rising. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. FuboTV Stock Falls Despite Better-Than-Expected Subscriber All rights reserved. Those are heavy losses. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Making the world smarter, happier, and richer. 2000-2023 Investor's Business Daily, LLC. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Why 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. View which stocks are hot on social media with MarketBeat's trending stocks report. Identify stocks that meet your criteria using seven unique stock screeners. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. 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. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter To sustain those losses, fuboTV is tapping capital markets and raising money. Indeed, Nvidia Touts Metaverse Avatars, Simulation Technologies, Roblox Stock Rockets After Game Firm Reports Strong Third Quarter, Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists, Find Winning Stocks With MarketSmith Pattern Recognition & Custom Screens, See Stocks On The List Of Leaders Near A Buy Point. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? As of Sept. 30, it had 142.5 million shares outstanding. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. With fuboTV's losses continuing, investors are perhaps foreseeing that the company might need to sell yet more shares to sustain this level of growth. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but Nasdaq fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Export data to Excel for your own analysis. To make the world smarter, happier, and richer. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Authors may own the stocks they discuss. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. However, some stocks are down worse than others. Why fuboTV Stock Dropped Monday | The Motley Fool The firm issuing the short call is LightShed Partners, led by Richard Greenfield. JPMorgan Rescues First Republic. FuboTV down? Current problems and outages | Downdetector In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. We track news headlines from hundreds of news outlets and tag them by company. 2. fuboTV's net losses are diluting shareholders. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. In-depth profiles and analysis for 20,000 public companies. 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. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Fubo is best known for its live TV offerings, including sports, news and entertainment. The business itself is showing strong growth. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Should You Be Too? Learn how to trade stocks like a pro with just 3 email lessons! Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Parkev Tatevosian owns shares of Walt Disney. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. LightShed says fuboTV stock is the "most compelling short" it has discovered, and that the previous run-up in the share price was "egregious," as reported by Barron's. 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. Realtime quote and/or trade prices are not sourced from all markets. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. The information and content are subject to change without notice. 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. *Real-time prices by Nasdaq Last Sale. Get market updates, educational videos, webinars, and stock analysis. Real-time analyst ratings, insider transactions, earnings data, and more. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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