Analysts were targeting 927,000 subscribers. Invest better with The Motley Fool. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. 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. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! 2023 NFL Draft live stream: How to watch online, time and TV 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. Why Is Everyone Talking About fuboTV Stock? Make more money in stocks with 2 months of access to IBD Digital for only $20! contact@marketbeat.com Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Fubo is best known for its live TV offerings, including sports, news and entertainment. fuboTV Stock Forecast, Price & News (NYSE:FUBO) Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter That's based on the midpoint of its outlook. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? How to watch King Charles III's coronation without going to We track news headlines from hundreds of news outlets and tag them by company. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. FUBO News Today | Why did fuboTV stock go down In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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) Bank Failures Widen. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. 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 (844) 978-6257. To make the world smarter, happier, and richer. (SecondSide/stock.adobe.com). Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. Can Fubo TV Survive Its Most Recent Slump? Why fuboTV Is Down Again Today | The Motley Fool However, one of todays biggest movers to the Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. That's up from 44.2 million at the same time last year. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Why Is Everyone Talking About fuboTV Stock? On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Why 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. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. What happened. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. Howard Smith has no position in any of the stocks mentioned. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. However, some stocks are down worse than others. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Get daily stock ideas from top-performing Wall Street analysts. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. To see all exchange delays and terms of use please see Barchart's disclaimer. FUBO Stock Price | fuboTV Inc. Stock Quote (U.S.: 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. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. Why fuboTV Stock Dropped Monday | The Motley Fool Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Tesla Continues to Defy Expectations, Is it Buyable Again? 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. Realtime quote and/or trade prices are not sourced from all markets. Want to learn more about investing? LightShed analysts also said that FuboTV is overpaying for sports rights. However, where investors are raising concern is the cost of that growth. 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. *Average returns of all recommendations since inception. Additionally, it has raised $71.8 million by selling shares of its stock to the public. In a report Tuesday, LightShed Partners slammed FuboTV stock. The Motley Fool recommends fuboTV, Inc. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. After spiking more than 400%, the stock has been tumbling the last several trading sessions. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was How to watch King Charles III's coronation without going to 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. This morning, Netflix reported its financial results for its fiscal Q1 2022. The sportsbook service is integrated with the company's live-TV service on mobile devices. 2023 InvestorPlace Media, LLC. The information and content are subject to change without notice. This means that fuboTV's share count is rising. Invest better with The Motley Fool. Indeed, expenses as a percentage of revenue were 165.5%. After bouncing off recent lows, the stock went back down today. 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. As of Sept. 30, it had 142.5 million shares outstanding. Why fuboTV Stock Dropped Today | The Motley Fool 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 It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. 2 Reasons Why fuboTV Stock Crashed After Earnings Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. The business itself is showing strong growth. 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). All rights reserved. 6, 2023 at 9:55 a.m. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Revenue and subscribership saw rapid growth in the latest quarter. 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. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Each headline receives a score ranging from 2 (good news) to -2 (bad news). *Real-time prices by Nasdaq Last Sale. Parkev Tatevosian owns shares of Walt Disney. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. 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. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. Can Earnings Recharge Electric Vehicle Stocks? Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. For In the most recent nine months Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The Motley Fool has a disclosure policy. Fubo is slipping as part of Netflix-induced streaming slump. Cost basis and return based on previous market day close. 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. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. 2000-2023 Investor's Business Daily, LLC. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. No doubt, that's impressive growth. 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. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Learn about the media coverage comparison. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 2. fuboTV's net losses are diluting shareholders. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. 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 drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Cost basis and return based on previous market day close. Image source: Getty Images. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? The stock has fallen more than 25% since the earnings announcement. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) To make the world smarter, happier, and richer. Why Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. SOFI stock is exemplifying that today. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. Is United Airlines Playing a Game of Limbo with Its Guidance? You have already added five stocks to your watchlist. Learn how to trade stocks like a pro with just 3 email lessons! American Consumer News, LLC dba MarketBeat 2010-2023. Export data to Excel for your own analysis. 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. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Making the world smarter, happier, and richer. It's always beneficial to see both sides of an argument about an investment. Real-time analyst ratings, insider transactions, earnings data, and more. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. To sustain those losses, fuboTV is tapping capital markets and raising money. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. Warner Bros. FuboTV Stock Falls Despite Better-Than-Expected Subscriber 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Get fuboTV News Delivered to You Automatically. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. FUBO News Today | Why did fuboTV stock go up today? 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. 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. Get these newsletters delivered to your inbox & more info about our products & services. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Our daily ratings and market update email newsletter. 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. Indeed, After spiking more FuboTV down? Current problems and outages | Downdetector Fubo starts at $75 per month, though Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. Why Is FuboTV (FUBO) Stock Down Today? Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. But that should come after they have read the other opinions and thought through all the factors making up the growth story. All rights reserved. Making the world smarter, happier, and richer. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. To sustain those losses, fuboTV is tapping capital markets and raising money. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. 1125 N. Charles St, Baltimore, MD 21201. Stock market today: Asian stocks dip on economy worries