To make the world smarter, happier, and richer. After spiking more There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. 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 LightShed analysts also said that FuboTV is overpaying for sports rights. View which stocks are hot on social media with MarketBeat's trending stocks report. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. 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. 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. Get daily stock ideas from top-performing Wall Street analysts. 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. Bank Failures Widen. Indeed, 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) Privacy Policy & Terms of Use. 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. Identify stocks that meet your criteria using seven unique stock screeners. "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. 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. The Motley Fool has a disclosure policy. Make more money in stocks with 2 months of access to IBD Digital for only $20! All rights reserved. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. This means that fuboTV's share count is rising. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. Fubo is best known for its live TV offerings, including sports, news and entertainment. To sustain those losses, fuboTV is tapping capital markets and raising money. 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. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? However, where investors are raising concern is the cost of that growth. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. It's always beneficial to see both sides of an argument about an investment. SOFI stock is exemplifying that today. Get these newsletters delivered to your inbox & more info about our products & services. 2023 InvestorPlace Media, LLC. Invest better with The Motley Fool. Copyright, Trademark and Patent Information. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. Let's look closer at two reasons the market is concerned about fuboTV. (SecondSide/stock.adobe.com). Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. (844) 978-6257. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Want to learn more about investing? 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. As of Sept. 30, it had 142.5 million shares outstanding. 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. We track news headlines from hundreds of news outlets and tag them by company. Sign up for free today. 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. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. No doubt, that's impressive growth. Cost basis and return based on previous market day close. All rights reserved. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. The business itself is showing strong growth. After bouncing off recent lows, the stock went back down today. Parkev Tatevosian owns shares of Walt Disney. But that should come after they have read the other opinions and thought through all the factors making up the growth story. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. That's up from 44.2 million at the same time last year. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. 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 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. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. American Consumer News, LLC dba MarketBeat 2010-2023. Get market updates, educational videos, webinars, and stock analysis. Get short term trading ideas from the MarketBeat Idea Engine. That's based on the midpoint of its outlook. 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. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. JPMorgan Rescues First Republic. Cost basis and return based on previous market day close. Upgrade to MarketBeat All Access to add more stocks to your watchlist. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. However, one of todays biggest movers to the Real-time analyst ratings, insider transactions, earnings data, and more. Warner Bros. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Is United Airlines Playing a Game of Limbo with Its Guidance? Tesla Continues to Defy Expectations, Is it Buyable Again? On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. *Average returns of all recommendations since inception. Revenue and subscribership saw rapid growth in the latest quarter. Nasdaq 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter Should You Be Too? Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! That's what makes a market, after all. *Real-time prices by Nasdaq Last Sale. You have already added five 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. All rights reserved. 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. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Making the world smarter, happier, and richer. Netflixs massive earnings loss has had iterative effects on the market. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. 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 other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. 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! The stock has fallen more than 25% since the earnings announcement. FUBO News Today | Why did fuboTV stock go up today? Learn More. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. 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. The information and content are subject to change without notice. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. Learn how to trade stocks like a pro with just 3 email lessons! Copyright Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. 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. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. 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. contact@marketbeat.com Realtime quote and/or trade prices are not sourced from all markets. In-depth profiles and analysis for 20,000 public companies. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Those are heavy losses. This morning, Netflix reported its financial results for its fiscal Q1 2022. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. With each new subscriber, fuboTV needs to pay media companies like Disney. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Export data to Excel for your own analysis. As you might imagine, investors havent been kind to Netflix stock 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. 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 NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Authors may own the stocks they discuss. Invest better with The Motley Fool. The Motley Fool has a disclosure policy. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. 6, 2023 at 9:55 a.m. analyst said the $40 stock is only worth $8. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. 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 Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. 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. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Image source: Getty Images. 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. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. 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. Fubo is slipping as part of Netflix-induced streaming slump. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was 326 E 8th St #105, Sioux Falls, SD 57103 Our daily ratings and market update email newsletter. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders What happened. Get access to free IBD eventsonline & in-person! Learn More. Analysts were targeting 927,000 subscribers. Youre reading a free article with opinions that may differ from The Motley Fools 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.