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. 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 The sportsbook service is integrated with the company's live-TV service on mobile devices. 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) Netflixs massive earnings loss has had iterative effects on the market. For JPMorgan Rescues First Republic. Get short term trading ideas from the MarketBeat Idea Engine. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. 1125 N. Charles St, Baltimore, MD 21201. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. This means that fuboTV's share count is rising. In the most recent nine months (SecondSide/stock.adobe.com). Can Earnings Recharge Electric Vehicle Stocks? Get access to free IBD eventsonline & in-person! Please log in to your account or sign up in order to add this asset to your watchlist. That's what makes a market, after all. This morning, Netflix reported its financial results for its fiscal Q1 2022. 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 bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Warner Bros. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Why Is Everyone Talking About fuboTV Stock? fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. *Average returns of all recommendations since inception. Image source: Getty Images. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. (844) 978-6257. But its shares pulled back from that resistance level. SOFI stock is exemplifying that today. 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. But that should come after they have read the other opinions and thought through all the factors making up the growth story. Can Fubo TV Survive Its Most Recent Slump? All rights reserved. 6, 2023 at 9:55 a.m. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. In a report Tuesday, LightShed Partners slammed FuboTV stock. Invest better with The Motley Fool. 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. Is United Airlines Playing a Game of Limbo with Its Guidance? What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but However, where investors are raising concern is the cost of that growth. To make the world smarter, happier, and richer. However, some stocks are down worse than others. 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. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? The firm issuing the short call is LightShed Partners, led by Richard Greenfield. See what's happening in the market right now with MarketBeat's real-time news feed. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Want to learn more about investing? To sustain those losses, fuboTV is tapping capital markets and raising money. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Make more money in stocks with 2 months of access to IBD Digital for only $20! The business itself is showing strong growth. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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! Cost basis and return based on previous market day close. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. 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. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Real-time analyst ratings, insider transactions, earnings data, and more. Cost basis and return based on previous market day close. For the quarter, fuboTV lost $106 million on the bottom line. Fubo starts at $75 per month, though FuboTV stock sank more than 20% after the company posted a bigger loss than expected. 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. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. 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. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders Get fuboTV News Delivered to You Automatically. Sign up for free today. Analysts were targeting 927,000 subscribers. 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. How to watch King Charles III's coronation without going to Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. 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. Learn about the media coverage comparison. 2. fuboTV's net losses are diluting shareholders. 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. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, "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. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. 0.58Average Consumer Discretionary News Sentiment. Each headline receives a score ranging from 2 (good news) to -2 (bad news). FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. The stock has fallen more than 25% since the earnings announcement. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Tesla Continues to Defy Expectations, Is it Buyable Again? To make the world smarter, happier, and richer. American Consumer News, LLC dba MarketBeat 2010-2023. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. View which stocks are hot on social media with MarketBeat's trending stocks report. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Get these newsletters delivered to your inbox & more info about our products & services. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Learn how to trade stocks like a pro with just 3 email lessons! Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. 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. 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%. The Motley Fool has a disclosure policy. Making the world smarter, happier, and richer. 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. As you might imagine, investors havent been kind to Netflix stock today. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. But the sharp share price increase has also driven the valuation to lofty levels. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Fubo is best known for its live TV offerings, including sports, news and entertainment. 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. 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 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. In-depth profiles and analysis for 20,000 public companies. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. Learn 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. 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. Making the world smarter, happier, and richer. The Motley Fool has a disclosure policy. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Indeed, On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. You have already added five stocks to your watchlist. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. analyst said the $40 stock is only worth $8. Parkev Tatevosian owns shares of Walt Disney. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Note that with more shares outstanding, a company's profits are split more broadly. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Should You Be Too? Learn More. 2000-2023 Investor's Business Daily, LLC. 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 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. To see all exchange delays and terms of use please see Barchart's disclaimer. The Motley Fool recommends fuboTV, Inc. However, one of todays biggest movers to the 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. 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. Get daily stock ideas from top-performing Wall Street analysts. Revenue and subscribership saw rapid growth in the latest quarter. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. *Average returns of all recommendations since inception. 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 Why Is Everyone Talking About fuboTV Stock? Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
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why is fubo stock down today