why is fubo stock down today

Copyright 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. The business itself is showing strong growth. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Nasdaq All rights reserved. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. Get market updates, educational videos, webinars, and stock analysis. (SecondSide/stock.adobe.com). FuboTV investors have yet to realize that "the emperor has no clothes," the report said. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red 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 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 stock has fallen more than 25% since the earnings announcement. analyst said the $40 stock is only worth $8. Fubo is best known for its live TV offerings, including sports, news and entertainment. With each new subscriber, fuboTV needs to pay media companies like Disney. Is United Airlines Playing a Game of Limbo with Its Guidance? SOFI stock is exemplifying that today. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). That's based on the midpoint of its outlook. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. 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. Cost basis and return based on previous market day close. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. All rights reserved. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. (844) 978-6257. 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! On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Invest better with The Motley Fool. As you might imagine, investors havent been kind to Netflix stock today. American Consumer News, LLC dba MarketBeat 2010-2023. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. Image source: Getty Images. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter The sportsbook service is integrated with the company's live-TV service on mobile devices. "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. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. After bouncing off recent lows, the stock went back down today. JPMorgan Rescues First Republic. However, one of todays biggest movers to the Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Additionally, it has raised $71.8 million by selling shares of its stock to the public. The Motley Fool recommends fuboTV, Inc. Note that with more shares outstanding, a company's profits are split more broadly. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but 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. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. 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. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. But that should come after they have read the other opinions and thought through all the factors making up the growth story. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Learn about the media coverage comparison. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. Warner Bros. Making the world smarter, happier, and richer. To sustain those losses, fuboTV is tapping capital markets and raising money. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. Privacy Policy & Terms of Use. contact@marketbeat.com During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. 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 The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. 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. Learn More. 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. 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. Export data to Excel for your own analysis. In a report Tuesday, LightShed Partners slammed FuboTV stock. 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 For Why Is Everyone Talking About fuboTV Stock? That's nearly twice as much as the $72 million it lost in the same time last year. 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. Want to learn more about investing? Our daily ratings and market update email newsletter. 2. fuboTV's net losses are diluting shareholders. How to watch King Charles III's coronation without going to The Motley Fool has a disclosure policy. FUBO News Today | Why did fuboTV stock go up 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. Can Fubo TV Survive Its Most Recent Slump? But the sharp share price increase has also driven the valuation to lofty levels. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Netflix, was, perhaps as expected, the worse casualty of its earnings call. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Learn More. 1125 N. Charles St, Baltimore, MD 21201. For the quarter, fuboTV lost $106 million on the bottom line. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. To make the world smarter, happier, and richer. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Authors may own the stocks they discuss. We track news headlines from hundreds of news outlets and tag them by company. Identify stocks that meet your criteria using seven unique stock screeners. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The Motley Fool has a disclosure policy. Fubo is slipping as part of Netflix-induced streaming slump. 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. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. Real-time analyst ratings, insider transactions, earnings data, and more. 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. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. The information and content are subject to change without notice. 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). To make the world smarter, happier, and richer. 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. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. What happened. 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. To sustain those losses, fuboTV is tapping capital markets and raising money. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. 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. 0.58Average Consumer Discretionary News Sentiment. As of Sept. 30, it had 142.5 million shares outstanding. 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. Learn how to trade stocks like a pro with just 3 email lessons! Fubo starts at $75 per month, though 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. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Making the world smarter, happier, and richer. *Real-time prices by Nasdaq Last Sale. After spiking more Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Get access to free IBD eventsonline & in-person! Get short term trading ideas from the MarketBeat Idea Engine. In-depth profiles and analysis for 20,000 public companies. Should You Be Too? 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. Get fuboTV News Delivered to You Automatically. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. However, some stocks are down worse than others. LightShed analysts also said that FuboTV is overpaying for sports rights. This morning, Netflix reported its financial results for its fiscal Q1 2022. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. 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) 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. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Get these newsletters delivered to your inbox & more info about our products & services. Cost basis and return based on previous market day close. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was Analysts were targeting 927,000 subscribers. 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. Indeed, 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. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Ownership data provided by Refinitiv and Estimates data provided by FactSet. Howard Smith has no position in any of the stocks mentioned. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. 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. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? 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. Parkev Tatevosian owns shares of Walt Disney. 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. That's what makes a market, after all. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders 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 After spiking more than 400%, the stock has been tumbling the last several trading sessions. Please log in to your account or sign up in order to add this asset to your watchlist. Can Earnings Recharge Electric Vehicle Stocks? The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! 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. 6, 2023 at 9:55 a.m. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. Let's look closer at two reasons the market is concerned about fuboTV. quotes delayed at least 15 minutes, all others at least 20 minutes. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. It's always beneficial to see both sides of an argument about an investment. 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. But its shares pulled back from that resistance level. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Revenue and subscribership saw rapid growth in the latest quarter. Get daily stock ideas from top-performing Wall Street analysts. *Average returns of all recommendations since inception. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. *Average returns of all recommendations since inception. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. Netflixs massive earnings loss has had iterative effects on the market. To see all exchange delays and terms of use please see Barchart's disclaimer.