Get market updates, educational videos, webinars, and stock analysis. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. 2023 NFL Draft live stream: How to watch online, time and TV 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. That's what makes a market, after all. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. 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! Why Is FUBO Stock Down 10% Today? TradingView News For Netflix, was, perhaps as expected, the worse casualty of its earnings call. In-depth profiles and analysis for 20,000 public companies. However, where investors are raising concern is the cost of that growth. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Motley Fool has a disclosure policy. 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. That's nearly twice as much as the $72 million it lost in the same time last year. For the quarter, fuboTV lost $106 million on the bottom line. 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. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, 2023 NFL Draft live stream: How to watch night 2 online, time Let's look closer at two reasons the market is concerned about fuboTV. But losses continue too, meaning the company may need to raise more money. *Average returns of all recommendations since inception. After spiking more than 400%, the stock has been tumbling the last several trading sessions. To make the world smarter, happier, and richer. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. But the sharp share price increase has also driven the valuation to lofty levels. 2023 InvestorPlace Media, LLC. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The business itself is showing strong growth. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. JPMorgan Rescues First Republic. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the 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. 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. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Copyright Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? To sustain those losses, fuboTV is tapping capital markets and raising money. Why So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. 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As you might imagine, investors havent been kind to Netflix stock today. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. Learn how to trade stocks like a pro with just 3 email lessons! To see all exchange delays and terms of use please see Barchart's disclaimer. Identify stocks that meet your criteria using seven unique stock screeners. Warner Bros. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Invest better with The Motley Fool. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. 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. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Get daily stock ideas from top-performing Wall Street analysts. This morning, Netflix reported its financial results for its fiscal Q1 2022. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Real-time analyst ratings, insider transactions, earnings data, and more. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. All rights reserved. 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). As of Sept. 30, it had 142.5 million shares outstanding. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders Howard Smith has no position in any of the stocks mentioned. 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. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. How to watch King Charles III's coronation without going to The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. However, one of todays biggest movers to the Bank Failures Widen. Nasdaq Why Is Everyone Talking About fuboTV Stock? Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. Stock market today: Asian stocks dip on economy worries Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. To sustain those losses, fuboTV is tapping capital markets and raising money. The stock has fallen more than 25% since the earnings announcement. 6, 2023 at 9:55 a.m. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Why fuboTV Stock Dropped Monday | The Motley Fool In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. *Average returns of all recommendations since inception. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) 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. Should You Be Too? fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Fubo is slipping as part of Netflix-induced streaming slump. Our daily ratings and market update email newsletter. Those are heavy losses. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. It's always beneficial to see both sides of an argument about an investment. 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. All rights reserved. Learn More. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Making the world smarter, happier, and richer. Why Is FuboTV (FUBO) Stock Down Today? Investors who have done the research and believe in the long-term story should consider the drop an opportunity. Export data to Excel for your own analysis. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. quotes delayed at least 15 minutes, all others at least 20 minutes. Upgrade to MarketBeat All Access to add more stocks 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) 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 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. 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. 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. In a report Tuesday, LightShed Partners slammed FuboTV stock. Analysts were targeting 927,000 subscribers. FuboTV Stock Falls Despite Better-Than-Expected Subscriber Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. 2. fuboTV's net losses are diluting shareholders. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. The Motley Fool has a disclosure policy. Want to learn more about investing? "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. Authors may own the stocks they discuss. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. That's based on the midpoint of its outlook. This means that fuboTV's share count is rising. With each new subscriber, fuboTV needs to pay media companies like Disney. 2000-2023 Investor's Business Daily, LLC. 1125 N. Charles St, Baltimore, MD 21201. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. Learn about the media coverage comparison. 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 Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. How to watch King Charles III's coronation without going to Why fuboTV Stock Dropped Today | The Motley Fool Fubo starts at $75 per month, though Realtime quote and/or trade prices are not sourced from all markets. Can Earnings Recharge Electric Vehicle Stocks? FUBO Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Is United Airlines Playing a Game of Limbo with Its Guidance? Get fuboTV News Delivered to You Automatically. (844) 978-6257. 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. We track news headlines from hundreds of news outlets and tag them by company. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. contact@marketbeat.com LightShed analysts also said that FuboTV is overpaying for sports rights. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Invest better with The Motley Fool. Copyright, Trademark and Patent Information. The Motley Fool recommends fuboTV, Inc. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. fuboTV Stock Forecast, Price & News (NYSE:FUBO) Sign up for free today. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. American Consumer News, LLC dba MarketBeat 2010-2023. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. 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. Indeed, expenses as a percentage of revenue were 165.5%. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. 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 Get these newsletters delivered to your inbox & more info about our products & services. 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. 2 Reasons Why fuboTV Stock Crashed After Earnings 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. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Making the world smarter, happier, and richer. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Privacy Policy & Terms of Use. 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. But its shares pulled back from that resistance level. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing 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. 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.
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