Indeed, 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. Why Is FuboTV (FUBO) Stock Down Today? Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. That's based on the midpoint of its outlook. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Authors may own the stocks they discuss. 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. But the sharp share price increase has also driven the valuation to lofty levels. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Real-time analyst ratings, insider transactions, earnings data, and more. In-depth profiles and analysis for 20,000 public companies. 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. You have already added five stocks to your watchlist. How to watch King Charles III's coronation without going to Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. 2023 InvestorPlace Media, LLC. 6, 2023 at 9:55 a.m. Why fuboTV Stock Dropped Monday | The Motley Fool Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Why After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Tesla Continues to Defy Expectations, Is it Buyable Again? 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. 2 Reasons Why fuboTV Stock Crashed After Earnings 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 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 contact@marketbeat.com Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and 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. Get daily stock ideas from top-performing Wall Street analysts. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. To sustain those losses, fuboTV is tapping capital markets and raising money. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. Netflixs massive earnings loss has had iterative effects on the market. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. 2023 NFL Draft live stream: How to watch night 2 online, time Why Is Everyone Talking About fuboTV Stock? Invest better with The Motley Fool. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. 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. 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. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Why The business itself is showing strong growth. Can Earnings Recharge Electric Vehicle Stocks? Investors who have done the research and believe in the long-term story should consider the drop an opportunity. However, some stocks are down worse than others. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Fubo is best known for its live TV offerings, including sports, news and entertainment. 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. 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. Learn how to trade stocks like a pro with just 3 email lessons! 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. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. FUBO News Today | Why did fuboTV stock go up today? With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. Get fuboTV News Delivered to You Automatically. Cost basis and return based on previous market day close. Sign up for free today. 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. Identify stocks that meet your criteria using seven unique stock screeners. *Real-time prices by Nasdaq Last Sale. Learn More. Copyright, Trademark and Patent Information. As of Sept. 30, it had 142.5 million shares outstanding. Get short term trading ideas from the MarketBeat Idea Engine. However, where investors are raising concern is the cost of that growth. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. The Motley Fool recommends fuboTV, Inc. quotes delayed at least 15 minutes, all others at least 20 minutes. fuboTV Stock Forecast, Price & News (NYSE:FUBO) In the most recent nine months Make more money in stocks with 2 months of access to IBD Digital for only $20! To sustain those losses, fuboTV is tapping capital markets and raising money. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. Get access to free IBD eventsonline & in-person! This morning, Netflix reported its financial results for its fiscal Q1 2022. FUBO News Today | Why did fuboTV stock go down SOFI stock is exemplifying that today. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. 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. How to watch King Charles III's coronation without going to The sportsbook service is integrated with the company's live-TV service on mobile devices. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. As you might imagine, investors havent been kind to Netflix stock today. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. It's always beneficial to see both sides of an argument about an investment. See what's happening in the market right now with MarketBeat's real-time news feed. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. 2. fuboTV's net losses are diluting shareholders. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was 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. Learn More. 2023 NFL Draft live stream: How to watch online, time and TV Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. 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. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. JPMorgan Rescues First Republic. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! That's up from 44.2 million at the same time last year. Why Is Everyone Talking About fuboTV Stock? 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. (844) 978-6257. FuboTV down? Current problems and outages | Downdetector FuboTV investors have yet to realize that "the emperor has no clothes," the report said. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo 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. Note that with more shares outstanding, a company's profits are split more broadly. However, one of todays biggest movers to the 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 (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) 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. Cost basis and return based on previous market day close. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Fubo is slipping as part of Netflix-induced streaming slump. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter Why Is FUBO Stock Down 10% Today? TradingView News Howard Smith has no position in any of the stocks mentioned. Realtime quote and/or trade prices are not sourced from all markets. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Ownership data provided by Refinitiv and Estimates data provided by FactSet. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. In a report Tuesday, LightShed Partners slammed FuboTV stock. LightShed analysts also said that FuboTV is overpaying for sports rights. (SecondSide/stock.adobe.com). Why fuboTV Stock Dropped Today | The Motley Fool Want to learn more about investing? Please log in to your account or sign up in order to add this asset to your watchlist. 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. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but View which stocks are hot on social media with MarketBeat's trending stocks report. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. We track news headlines from hundreds of news outlets and tag them by company. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Invest better with The Motley Fool. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. For On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. 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. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. 2000-2023 Investor's Business Daily, LLC. Revenue and subscribership saw rapid growth in the latest quarter. Why fuboTV Is Down Again Today | The Motley Fool Should You Be Too? In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. For the quarter, fuboTV lost $106 million on the bottom line. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 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 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. 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. Indeed, expenses as a percentage of revenue were 165.5%. All rights reserved. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. The stock has fallen more than 25% since the earnings announcement. With each new subscriber, fuboTV needs to pay media companies like Disney. Stock market today: Asian stocks dip on economy worries 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. What happened. To see all exchange delays and terms of use please see Barchart's disclaimer. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. 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. *Average returns of all recommendations since inception. 326 E 8th St #105, Sioux Falls, SD 57103 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. This means that fuboTV's share count is rising. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. Making the world smarter, happier, and richer. The information and content are subject to change without notice. Export data to Excel for your own analysis. But losses continue too, meaning the company may need to raise more money. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. FuboTV Stock Falls Despite Better-Than-Expected Subscriber The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. Let's look closer at two reasons the market is concerned about fuboTV. Is United Airlines Playing a Game of Limbo with Its Guidance? Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. 0.58Average Consumer Discretionary News Sentiment. Learn about the media coverage comparison. FUBO NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) 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 bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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!
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