why is fubo stock down today

Get these newsletters delivered to your inbox & more info about our products & services. Learn More. Learn how to trade stocks like a pro with just 3 email lessons! Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. But that should come after they have read the other opinions and thought through all the factors making up the growth story. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? FUBO News Today | Why did fuboTV stock go up today? Can Fubo TV Survive Its Most Recent Slump? During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Parkev Tatevosian owns shares of Walt Disney. Why Is Everyone Talking About fuboTV Stock? In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Why Is FuboTV (FUBO) Stock Down Today? TradingView News It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. All rights reserved. JPMorgan Rescues First Republic. 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. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Indeed, expenses as a percentage of revenue were 165.5%. 2023 InvestorPlace Media, LLC. What happened. In the most recent nine months The sportsbook service is integrated with the company's live-TV service on mobile devices. 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. Let's look closer at two reasons the market is concerned about fuboTV. fuboTV Stock Forecast, Price & News (NYSE:FUBO) Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was LightShed analysts also said that FuboTV is overpaying for sports rights. 2023 NFL Draft live stream: How to watch night 2 online, time Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. Why How to watch King Charles III's coronation without going to 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). Making the world smarter, happier, and richer. The Motley Fool has a disclosure policy. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. 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FuboTV Stock Falls Despite Better-Than-Expected Subscriber With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? (844) 978-6257. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. SOFI stock is exemplifying that today. Each headline receives a score ranging from 2 (good news) to -2 (bad news). 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. 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. Privacy Policy & Terms of Use. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Why Is FuboTV (FUBO) Stock Down Today? However, one of todays biggest movers to the For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Can Earnings Recharge Electric Vehicle Stocks? analyst said the $40 stock is only worth $8. 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 The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Those are heavy losses. Learn More. That's what makes a market, after all. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter How to watch King Charles III's coronation without going to The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. Note that with more shares outstanding, a company's profits are split more broadly. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo 326 E 8th St #105, Sioux Falls, SD 57103 fuboTV Inc (FUBO) Stock Price Today, News, Quotes, For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. But the sharp share price increase has also driven the valuation to lofty levels. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. Get fuboTV News Delivered to You Automatically. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. 6, 2023 at 9:55 a.m. FUBO Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. We track news headlines from hundreds of news outlets and tag them by company. See what's happening in the market right now with MarketBeat's real-time news feed. With each new subscriber, fuboTV needs to pay media companies like Disney. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) 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. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Making the world smarter, happier, and richer. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. In a report Tuesday, LightShed Partners slammed FuboTV stock. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. Fubo is best known for its live TV offerings, including sports, news and entertainment. contact@marketbeat.com 0.58Average Consumer Discretionary News Sentiment. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. It's always beneficial to see both sides of an argument about an investment. That's based on the midpoint of its outlook. Export data to Excel for your own analysis. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. 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. Revenue and subscribership saw rapid growth in the latest quarter. After bouncing off recent lows, the stock went back down today. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. Why Want to learn more about investing? That's up from 44.2 million at the same time last year. 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. Sign up for free today. You have already added five stocks to your watchlist. 2000-2023 Investor's Business Daily, LLC. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. 2. fuboTV's net losses are diluting shareholders. "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. Indeed, 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. 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. 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. Why 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. Make more money in stocks with 2 months of access to IBD Digital for only $20! Stock market today: Asian stocks dip on economy worries Get market updates, educational videos, webinars, and stock analysis. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. This morning, Netflix reported its financial results for its fiscal Q1 2022. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. (SecondSide/stock.adobe.com). Image source: Getty Images. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, The business itself is showing strong growth. *Average returns of all recommendations since inception. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. That's nearly twice as much as the $72 million it lost in the same time last year. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. The Motley Fool has a disclosure policy. 1125 N. Charles St, Baltimore, MD 21201. On Nov. 4, FuboTV stock flirted with a buy point of 35.19 out of an 18-week consolidation period, according to IBD MarketSmith charts. *Real-time prices by Nasdaq Last Sale. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. 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. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. Get access to free IBD eventsonline & in-person! As of 1 p.m. Eastern, FUBO stock is down more than 10% as investors price in poor tech earnings and continued Fedspeak. Interestingly, theres little news to speak of when it comes to FuboTV today. 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. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. To sustain those losses, fuboTV is tapping capital markets and raising money. Get short term trading ideas from the MarketBeat Idea Engine. Bank Failures Widen. Is United Airlines Playing a Game of Limbo with Its Guidance? However, where investors are raising concern is the cost of that growth. 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 To make the world smarter, happier, and richer. Fubo starts at $75 per month, though Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. Why fuboTV Is Down Again Today | The Motley Fool The Motley Fool recommends fuboTV, Inc. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Warner Bros. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Cost basis and return based on previous market day close. To make the world smarter, happier, and richer. As of Sept. 30, it had 142.5 million shares outstanding. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Ownership data provided by Refinitiv and Estimates data provided by FactSet. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Learn about the media coverage comparison. Analysts were targeting 927,000 subscribers. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Additionally, it has raised $71.8 million by selling shares of its stock to the public. For the quarter, fuboTV lost $106 million on the bottom line. Why Is Everyone Talking About fuboTV Stock? 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. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. But losses continue too, meaning the company may need to raise more money. This means that fuboTV's share count is rising. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. Get daily stock ideas from top-performing Wall Street analysts. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Tesla Continues to Defy Expectations, Is it Buyable Again? Our daily ratings and market update email newsletter. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. *Average returns of all recommendations since inception. Copyright, Trademark and Patent Information. quotes delayed at least 15 minutes, all others at least 20 minutes. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. After spiking more than 400%, the stock has been tumbling the last several trading sessions. 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. 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