Indeed, For the quarter, fuboTV lost $106 million on the bottom line. Why What happened. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Get these newsletters delivered to your inbox & more info about our products & services. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Let's look closer at two reasons the market is concerned about fuboTV. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter 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. American Consumer News, LLC dba MarketBeat 2010-2023. That's up from 44.2 million at the same time last year. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. performed in the Boston Marathon, Seeking Brother Husband season 1 episode 4: How to watch for free (4/16/23), Chivas Guadalajara vs Cruz Azul: times, how to watch on TV and stream online | Clausura 2023, How to watch Manchester City vs. Leicester City: Time, TV channel, free live stream, Cleveland Heights resident to compete on Jeopardy! tonight, How to Watch: Florida gymnastics in NCAA Championships Semifinals, How to watch Celtics vs. Hawks NBA Playoffs Game 1: Live stream info, TV channel, game time, Jersey Shore: Family Vacation season 6, episode 12: How to watch for free (4/13/23), Why Netflix, Roku, and FuboTV Surged Today, Fubo to Announce Q1 2023 Financial Results on May 5, 2023, Tyler Perrys Assisted Living season 4 episode 4: How to watch for free (4/12/23), Tyler Perrys House of Payne season 12 episode 4: How to watch for free on BET (4/12/23), Farmer Wants A Wife season 1 episode 6: How to watch for free (4/12/23), Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? But that should come after they have read the other opinions and thought through all the factors making up the growth story. FuboTV down? Current problems and outages | Downdetector In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Learn 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. No doubt, that's impressive growth. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Revenue and subscribership saw rapid growth in the latest quarter. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. analyst said the $40 stock is only worth $8. Authors may own the stocks they discuss. Copyright (SecondSide/stock.adobe.com). The firm issuing the short call is LightShed Partners, led by Richard Greenfield. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Copyright, Trademark and Patent Information. Identify stocks that meet your criteria using seven unique stock screeners. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. 2023 InvestorPlace Media, LLC. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Why Is FUBO Stock Down 10% Today? TradingView News Make more money in stocks with 2 months of access to IBD Digital for only $20! So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Is United Airlines Playing a Game of Limbo with Its Guidance? Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. For On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Realtime quote and/or trade prices are not sourced from all markets. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. 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. In-depth profiles and analysis for 20,000 public companies. Learn about the media coverage comparison. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. 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. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Fubo starts at $75 per month, though After bouncing off recent lows, the stock went back down today. LightShed analysts also said that FuboTV is overpaying for sports rights. FUBO *Average returns of all recommendations since inception. However, where investors are raising concern is the cost of that growth. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. To make the world smarter, happier, and richer. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Additionally, it has raised $71.8 million by selling shares of its stock to the public. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. After spiking more Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. In the most recent nine months In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Why Is Everyone Talking About fuboTV Stock? Why Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. 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. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. quotes delayed at least 15 minutes, all others at least 20 minutes. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. 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. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Why Is FuboTV (FUBO) Stock Down Today? TradingView News But losses continue too, meaning the company may need to raise more money. Fubo is best known for its live TV offerings, including sports, news and entertainment. 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. 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. We track news headlines from hundreds of news outlets and tag them by company. 1125 N. Charles St, Baltimore, MD 21201. 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. Get access to free IBD eventsonline & in-person! 2023 NFL Draft live stream: How to watch online, time and TV Real-time analyst ratings, insider transactions, earnings data, and more. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Can Earnings Recharge Electric Vehicle Stocks? This morning, Netflix reported its financial results for its fiscal Q1 2022. 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 information and content are subject to change without notice. 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. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Privacy Policy & Terms of Use. Why fuboTV Is Down Again Today | The Motley Fool As you might imagine, investors havent been kind to Netflix stock today. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. However, one of todays biggest movers to the Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo Making the world smarter, happier, and richer. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. To make the world smarter, happier, and richer. 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. Analysts were targeting 927,000 subscribers. 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. 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. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, 2000-2023 Investor's Business Daily, LLC. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. Why FuboTV Stock Falls Despite Better-Than-Expected Subscriber Upgrade to MarketBeat All Access to add more stocks to your watchlist. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Get fuboTV News Delivered to You Automatically. Learn how to trade stocks like a pro with just 3 email lessons! All rights reserved. Why fuboTV Stock Dropped Today | The Motley Fool Want to learn more about investing? Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was 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. Those are heavy losses. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. (844) 978-6257. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. 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. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. The Motley Fool has a disclosure policy. 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 News Today | Why did fuboTV stock go down 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. 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. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Export data to Excel for your own analysis. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. 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. Parkev Tatevosian owns shares of Walt Disney. Why Is FuboTV (FUBO) Stock Down Today? 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 That's based on the midpoint of its outlook. 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). The sportsbook service is integrated with the company's live-TV service on mobile devices. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. View which stocks are hot on social media with MarketBeat's trending stocks report. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. 2 Reasons Why fuboTV Stock Crashed After Earnings
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