All rights reserved. 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. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? 0.58Average Consumer Discretionary News Sentiment. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! But the sharp share price increase has also driven the valuation to lofty levels. You have already added five stocks to your watchlist. But losses continue too, meaning the company may need to raise more money. But that should come after they have read the other opinions and thought through all the factors making up the growth story. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 2000-2023 Investor's Business Daily, LLC. Authors may own the stocks they discuss. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. That's what makes a market, after all. 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. 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. After bouncing off recent lows, the stock went back down today. Privacy Policy & Terms of Use. quotes delayed at least 15 minutes, all others at least 20 minutes. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. American Consumer News, LLC dba MarketBeat 2010-2023. What happened. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Get these newsletters delivered to your inbox & more info about our products & services. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but 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. Indeed, Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. 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. Note that with more shares outstanding, a company's profits are split more broadly. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, 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. 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. Copyright Get fuboTV News Delivered to You Automatically. Cost basis and return based on previous market day close. To make the world smarter, happier, and richer. Analysts were targeting 927,000 subscribers. To sustain those losses, fuboTV is tapping capital markets and raising money. 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. (SecondSide/stock.adobe.com). Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Can Fubo TV Survive Its Most Recent Slump? Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. To see all exchange delays and terms of use please see Barchart's disclaimer. Cost basis and return based on previous market day close. Netflixs massive earnings loss has had iterative effects on the market. That's based on the midpoint of its outlook. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? 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) How to watch King Charles III's coronation without going to Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was Parkev Tatevosian owns shares of Walt Disney. 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. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. Learn More. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. The information and content are subject to change without notice. However, some stocks are down worse than others. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Fubo is best known for its live TV offerings, including sports, news and entertainment. Real-time analyst ratings, insider transactions, earnings data, and more. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Why Is Everyone Talking About fuboTV Stock? 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? Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. The sportsbook service is integrated with the company's live-TV service on mobile devices. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. 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. This means that fuboTV's share count is rising. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. 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. In the most recent nine months 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. Can Earnings Recharge Electric Vehicle Stocks? Indeed, expenses as a percentage of revenue were 165.5%. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. *Average returns of all recommendations since inception. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. Making the world smarter, happier, and richer. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). 1125 N. Charles St, Baltimore, MD 21201. But its shares pulled back from that resistance level. In-depth profiles and analysis for 20,000 public companies. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. 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. 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. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 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. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. 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. 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 However, where investors are raising concern is the cost of that growth. The Motley Fool has a disclosure policy. Those are heavy losses. Invest better with The Motley Fool. 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. 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 up from 44.2 million at the same time last year. Get access to free IBD eventsonline & in-person! NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. 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). GDC Stock Alert: Why Is GD Culture Group Up 700% Today? In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. View which stocks are hot on social media with MarketBeat's trending stocks report. Our daily ratings and market update email newsletter. *Average returns of all recommendations since inception. Realtime quote and/or trade prices are not sourced from all markets. 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. 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. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Tesla Continues to Defy Expectations, Is it Buyable Again? 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. Fubo starts at $75 per month, though Learn More. analyst said the $40 stock is only worth $8. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Copyright, Trademark and Patent Information. Bank Failures Widen. Please log in to your account or sign up in order to add this asset to your watchlist. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. This morning, Netflix reported its financial results for its fiscal Q1 2022. All rights reserved. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. 326 E 8th St #105, Sioux Falls, SD 57103 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. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. 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. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Why Is Everyone Talking About fuboTV Stock? The stock has fallen more than 25% since the earnings announcement. *Real-time prices by Nasdaq Last Sale. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Howard Smith has no position in any of the stocks mentioned. Identify stocks that meet your criteria using seven unique stock screeners. Image source: Getty Images. For Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. For the quarter, fuboTV lost $106 million on the bottom line. 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. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. Learn how to trade stocks like a pro with just 3 email lessons! Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. (844) 978-6257. Make more money in stocks with 2 months of access to IBD Digital for only $20! View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? However, one of todays biggest movers to the FuboTV investors have yet to realize that "the emperor has no clothes," the report said. To make the world smarter, happier, and richer. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. 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. See what's happening in the market right now with MarketBeat's real-time news feed. Revenue and subscribership saw rapid growth in the latest quarter. Netflix, was, perhaps as expected, the worse casualty of its earnings call. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Sign up for free 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. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. It's always beneficial to see both sides of an argument about an investment. Get daily stock ideas from top-performing Wall Street analysts. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. contact@marketbeat.com Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. After spiking more than 400%, the stock has been tumbling the last several trading sessions. 2023 InvestorPlace Media, LLC. Is United Airlines Playing a Game of Limbo with Its Guidance? 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. The Motley Fool recommends fuboTV, Inc. In a report Tuesday, LightShed Partners slammed FuboTV stock. 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! Export data to Excel for your own analysis. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. 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 Invest better with The Motley Fool. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. 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. With each new subscriber, fuboTV needs to pay media companies like Disney. LightShed analysts also said that FuboTV is overpaying for sports rights. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. After spiking more Nasdaq SOFI stock is exemplifying that today. 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. Let's look closer at two reasons the market is concerned about fuboTV. 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 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. The Motley Fool has a disclosure policy. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. All rights reserved. The business itself is showing strong growth. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Warner Bros. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. We track news headlines from hundreds of news outlets and tag them by company. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Get market updates, educational videos, webinars, and stock analysis. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. 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. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. 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. 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 Want to learn more about investing? fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Should You Be Too? MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. As of Sept. 30, it had 142.5 million shares outstanding. As you might imagine, investors havent been kind to Netflix stock today. 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.
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