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. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. However, where investors are raising concern is the cost of that growth. Get fuboTV News Delivered to You Automatically. 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 For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. No doubt, that's impressive growth. Nasdaq Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Get access to free IBD eventsonline & in-person! Why fuboTV Stock Dropped Today | The Motley Fool 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. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 2000-2023 Investor's Business Daily, LLC. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. What happened. 2 Reasons Why fuboTV Stock Crashed After Earnings Why View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. LightShed analysts also said that FuboTV is overpaying for sports rights. Get these newsletters delivered to your inbox & more info about our products & services. FUBO But losses continue too, meaning the company may need to raise more money. However, some stocks are down worse than others. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Identify stocks that meet your criteria using seven unique stock screeners. This means that fuboTV's share count is rising. The Motley Fool has a disclosure policy. 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. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. "The one million subscriber milestone represents an exciting inflection point in our business, with tremendous implications for revenue growth and profitability, particularly given the continued strength of our advertising business," FuboTV Executive Chairman Edgar Bronfman Jr. said in a news release. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Making the world smarter, happier, and richer. 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. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. fuboTV Stock Forecast, Price & News (NYSE:FUBO) Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Motley Fool recommends fuboTV, Inc. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. View which stocks are hot on social media with MarketBeat's trending stocks report. 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 the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Image source: Getty Images. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Want to learn more about investing? NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) This morning, Netflix reported its financial results for its fiscal Q1 2022. In the most recent nine months Why Is Everyone Talking About fuboTV Stock? That's what makes a market, after all. Notably, the stock was actually up in pre-market trading as it beat estimates in its fourth-quarter earnings report, but the other updates spoiled those gains. As of 1:32 p.m. ET, the stock was down 11.9%. fuboTV got a lift in the fourth quarter from the FIFA World Cup as revenue jumped 38% to $319.3 million, which beat estimates at $285.6 million. fuboTV MarketRank Forecast Analyst Rating Hold 2.29 Rating Score Upside/ Downside 325.4% Upside $4.85 Price Target Short Interest Bearish 20.64% of FUBO Stock Price | fuboTV Inc. Stock Quote (U.S.: Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Why Is FuboTV (FUBO) Stock Down Today? TradingView News See what's happening in the market right now with MarketBeat's real-time news feed. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Learn how to trade stocks like a pro with just 3 email lessons! Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. *Average returns of all recommendations since inception. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Ownership data provided by Refinitiv and Estimates data provided by FactSet. For the quarter, fuboTV lost $106 million on the bottom line. 0.58Average Consumer Discretionary News Sentiment. Should You Be Too? WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? 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 Why However, one of todays biggest movers to the Revenue and subscribership saw rapid growth in the latest quarter. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Fubo is slipping as part of Netflix-induced streaming slump. With each new subscriber, fuboTV needs to pay media companies like Disney. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. 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. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. That's based on the midpoint of its outlook. After spiking more During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. To sustain those losses, fuboTV is tapping capital markets and raising money. 2. fuboTV's net losses are diluting shareholders. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. 2023 NFL Draft live stream: How to watch night 2 online, time contact@marketbeat.com (844) 978-6257. Get short term trading ideas from the MarketBeat Idea Engine. 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. Fubo starts at $75 per month, though 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. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! The firm issuing the short call is LightShed Partners, led by Richard Greenfield. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. All rights reserved. Learn about the media coverage comparison. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Stock market today: Asian stocks dip on economy worries The stock has fallen more than 25% since the earnings announcement. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. analyst said the $40 stock is only worth $8. But the sharp share price increase has also driven the valuation to lofty levels. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. After bouncing off recent lows, the stock went back down today. Those are heavy losses. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders Get market updates, educational videos, webinars, and stock analysis. SOFI stock is exemplifying that today. The business itself is showing strong growth. You have already added five stocks to your watchlist. To see all exchange delays and terms of use please see Barchart's disclaimer. Real-time analyst ratings, insider transactions, earnings data, and more. Authors may own the stocks they discuss. To make the world smarter, happier, and richer. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Invest better with The Motley Fool. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Why fuboTV Is Down Again Today | The Motley Fool Indeed, expenses as a percentage of revenue were 165.5%. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. 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. 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). Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter 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! Learn More. The sportsbook service is integrated with the company's live-TV service on mobile devices. Is United Airlines Playing a Game of Limbo with Its Guidance? Invest better with The Motley Fool. 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. fuboTV Inc (FUBO) Stock Price Today, News, Quotes,

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