The business itself is showing strong growth. Sign up for free today. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. 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. Making the world smarter, happier, and richer. 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! Indeed, expenses as a percentage of revenue were 165.5%. Copyright, Trademark and Patent Information. We track news headlines from hundreds of news outlets and tag them by company. 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. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. 6, 2023 at 9:55 a.m. In the most recent nine months Upgrade to MarketBeat All Access to add more stocks to your watchlist. Bank Failures Widen. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. 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. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. The sportsbook service is integrated with the company's live-TV service on mobile devices. Want to learn more about investing? contact@marketbeat.com Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Image source: Getty Images. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. Learn More. Fubo is slipping as part of Netflix-induced streaming slump. 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. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. 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. Each headline receives a score ranging from 2 (good news) to -2 (bad news). The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. Should You Be Too? Why Is Everyone Talking About fuboTV Stock? FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Cost basis and return based on previous market day close. 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. Identify stocks that meet your criteria using seven unique stock screeners. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. FUBO News Today | Why did fuboTV stock go up today? American Consumer News, LLC dba MarketBeat 2010-2023. Analysts were targeting 927,000 subscribers. Note that with more shares outstanding, a company's profits are split more broadly. The Motley Fool has a disclosure policy. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. 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 As you might imagine, investors havent been kind to Netflix stock today. "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. 2000-2023 Investor's Business Daily, LLC. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. Tesla Continues to Defy Expectations, Is it Buyable Again? FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. Realtime quote and/or trade prices are not sourced from all markets. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. 2023 InvestorPlace Media, LLC. To make the world smarter, happier, and richer. (844) 978-6257. *Average returns of all recommendations since inception. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. After spiking more than 400%, the stock has been tumbling the last several trading sessions. Learn about the media coverage comparison. quotes delayed at least 15 minutes, all others at least 20 minutes. *Real-time prices by Nasdaq Last Sale. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. But losses continue too, meaning the company may need to raise more money. 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. 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. Please log in to your account or sign up in order to add this asset to your watchlist. Let's look closer at two reasons the market is concerned about fuboTV. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. 2. fuboTV's net losses are diluting shareholders. 326 E 8th St #105, Sioux Falls, SD 57103 To make the world smarter, happier, and richer. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. That's what makes a market, after all. Our daily ratings and market update email newsletter. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Get short term trading ideas from the MarketBeat Idea Engine. 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. For 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. (SecondSide/stock.adobe.com). Is United Airlines Playing a Game of Limbo with Its Guidance? Invest better with The Motley Fool. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Can Earnings Recharge Electric Vehicle Stocks? Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Warner Bros. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Learn More. Get daily stock ideas from top-performing Wall Street analysts. View which stocks are hot on social media with MarketBeat's trending stocks report. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. After spiking more 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. 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. However, some stocks are down worse than others. Fubo starts at $75 per month, though 0.58Average Consumer Discretionary News Sentiment. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 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. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. Get these newsletters delivered to your inbox & more info about our products & services. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Indeed, Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. Netflix, was, perhaps as expected, the worse casualty of its earnings call. All rights reserved. After bouncing off recent lows, the stock went back down today. You have already added five stocks to your watchlist. 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. Parkev Tatevosian owns shares of Walt Disney. Even after the 35% drop, the stock has a market capitalization of almost $3 billion, giving it a current price-to-sales ratio of more than 12. Authors may own the stocks they discuss. 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. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. 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 Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was 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. Make more money in stocks with 2 months of access to IBD Digital for only $20! 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 1125 N. Charles St, Baltimore, MD 21201. After a 40% Drop, Analysts Remain Bullish on Impinj, Visa Charges Higher After Better-Than-Expected Q2 Report, onsemi Puts A Bottom in Chip Stocks, Heads For New Highs, Checkpoint Software Leads Cyber-Security Stocks. Get market updates, educational videos, webinars, and stock analysis. 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. *Average returns of all recommendations since inception. Privacy Policy & Terms of Use. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. To sustain those losses, fuboTV is tapping capital markets and raising money. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. To sustain those losses, fuboTV is tapping capital markets and raising money. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) SOFI stock is exemplifying that today. The stock has fallen more than 25% since the earnings announcement. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? JPMorgan Rescues First Republic. However, one of todays biggest movers to the Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Can Fubo TV Survive Its Most Recent Slump? MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. However, where investors are raising concern is the cost of that growth. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. In-depth profiles and analysis for 20,000 public companies. But its shares pulled back from that resistance level. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. 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. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. With each new subscriber, fuboTV needs to pay media companies like Disney. That's up from 44.2 million at the same time last year. See what's happening in the market right now with MarketBeat's real-time news feed. As of Sept. 30, it had 142.5 million shares outstanding. All rights reserved. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders No doubt, that's impressive growth. 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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