2000-2023 Investor's Business Daily, LLC. 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. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Fubo is best known for its live TV offerings, including sports, news and entertainment. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. To make the world smarter, happier, and richer. Why Is Everyone Talking About fuboTV Stock? However, one of todays biggest movers to the Parkev Tatevosian owns shares of Walt Disney. 326 E 8th St #105, Sioux Falls, SD 57103 In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. 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. 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) 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. Is United Airlines Playing a Game of Limbo with Its Guidance? GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Investors who have done the research and believe in the long-term story should consider the drop an opportunity. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Note that with more shares outstanding, a company's profits are split more broadly. Get fuboTV News Delivered to You Automatically. 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. Learn how to trade stocks like a pro with just 3 email lessons! But the sharp share price increase has also driven the valuation to lofty levels. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. 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. Identify stocks that meet your criteria using seven unique stock screeners. 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. 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. To sustain those losses, fuboTV is tapping capital markets and raising money. Get short term trading ideas from the MarketBeat Idea Engine. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. 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. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. But losses continue too, meaning the company may need to raise more money. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. Fubo is slipping as part of Netflix-induced streaming slump. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. All rights reserved. See what's happening in the market right now with MarketBeat's real-time news feed. 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. *Average returns of all recommendations since inception. That's nearly twice as much as the $72 million it lost in the same time last year. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. The Motley Fool has a disclosure policy. All rights reserved. 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. How to watch King Charles III's coronation without going to Making the world smarter, happier, and richer. That's based on the midpoint of its outlook. It's always beneficial to see both sides of an argument about an investment. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. In a report Tuesday, LightShed Partners slammed FuboTV stock. 6, 2023 at 9:55 a.m. LightShed analysts also said that FuboTV is overpaying for sports rights. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. quotes delayed at least 15 minutes, all others at least 20 minutes. 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 is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Please log in to your account or sign up in order to add this asset to your watchlist. 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) After spiking more than 400%, the stock has been tumbling the last several trading sessions. The information and content are subject to change without notice. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. 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. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. This means that fuboTV's share count is rising. 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. Realtime quote and/or trade prices are not sourced from all markets. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter JPMorgan Rescues First Republic. 2. fuboTV's net losses are diluting shareholders. Indeed, It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Can Earnings Recharge Electric Vehicle Stocks? Netflix, was, perhaps as expected, the worse casualty of its earnings call. American Consumer News, LLC dba MarketBeat 2010-2023. Want to learn more about investing? The stock has fallen more than 25% since the earnings announcement. Howard Smith has no position in any of the stocks mentioned. Real-time analyst ratings, insider transactions, earnings data, and more. 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. But its shares pulled back from that resistance level. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. analyst said the $40 stock is only worth $8. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, With each new subscriber, fuboTV needs to pay media companies like Disney. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. As you might imagine, investors havent been kind to Netflix stock today. 1125 N. Charles St, Baltimore, MD 21201. In-depth profiles and analysis for 20,000 public companies. Image source: Getty Images. Get daily stock ideas from top-performing Wall Street analysts. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) (844) 978-6257. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Bank Failures Widen. 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. Cost basis and return based on previous market day close. 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. Netflixs massive earnings loss has had iterative effects on the market. Additionally, it has raised $71.8 million by selling shares of its stock to the public. All rights reserved. But that should come after they have read the other opinions and thought through all the factors making up the growth story. "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. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 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. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. Let's look closer at two reasons the market is concerned about fuboTV. Analysts were targeting 927,000 subscribers. You have already added five stocks to your watchlist. As of Sept. 30, it had 142.5 million shares outstanding. (SecondSide/stock.adobe.com). 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. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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. 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 Duolingo Speaking Volumes: Forms Bullish Chart Ahead of Earnings, fuboTV (FUBO) Set to Announce Earnings on Friday, Fubo Announces 2023 Season Partnership With Boston Red Sox, Orioles play the Tigers leading series 2-1, How to Watch the Baltimore Orioles vs. Detroit Tigers - MLB (4/30/23) | Channel, Stream, Preview, How to watch Seattle Sea Dragons vs. D.C. Defenders: XFL Division Championships time, TV, stream, fuboTV Inc. (NYSE:FUBO) Receives $4.85 Average PT from Analysts, Great news for fuboTV Inc. (NYSE:FUBO): Insiders acquired stock in large numbers last year, Farmer Wants a Wife season 1 episode 7: How to watch for free (4/19/23), Fubo Announces Inducement Grants Under NYSE Listing Rule 303A.08, Rayo Vallecano vs Barcelona: times, how to watch on TV, stream online | LaLiga, Manchester City vs Arsenal: times, how to watch on TV, stream online | Premier League, Napoli vs. AC Milan odds, picks and predictions, Heres how the top runners from Mass. For the quarter, fuboTV lost $106 million on the bottom line. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. 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). Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. 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 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. Cost basis and return based on previous market day close. Invest better with The Motley Fool. *Real-time prices by Nasdaq Last Sale. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Making the world smarter, happier, and richer. 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 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. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Nasdaq fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. The Motley Fool has a disclosure policy. 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. 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. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Make more money in stocks with 2 months of access to IBD Digital for only $20! Indeed, expenses as a percentage of revenue were 165.5%. *Average returns of all recommendations since inception. contact@marketbeat.com Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. We track news headlines from hundreds of news outlets and tag them by company. After spiking more Export data to Excel for your own analysis. Can Fubo TV Survive Its Most Recent Slump? FUBO News Today | Why did fuboTV stock go up today? 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. Get market updates, educational videos, webinars, and stock analysis. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. 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! 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.
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