Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Get fuboTV News Delivered to You Automatically. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). The Motley Fool has a disclosure policy. But its shares pulled back from that resistance level. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. After spiking more than 400%, the stock has been tumbling the last several trading sessions. 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. Why Is Everyone Talking About fuboTV Stock? 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. Image source: Getty Images. Nasdaq Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. After bouncing off recent lows, the stock went back down today. 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. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. 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. Invest better with The Motley Fool. To see all exchange delays and terms of use please see Barchart's disclaimer. Making the world smarter, happier, and richer. 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. 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. Revenue and subscribership saw rapid growth in the latest quarter. 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 Get these newsletters delivered to your inbox & more info about our products & services. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. Analysts were targeting 927,000 subscribers. For 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. 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. Please log in to your account or sign up in order to add this asset to your watchlist. Ownership data provided by Refinitiv and Estimates data provided by FactSet. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. "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. Our daily ratings and market update email newsletter. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. Copyright, Trademark and Patent Information. As you might imagine, investors havent been kind to Netflix stock today. View which stocks are hot on social media with MarketBeat's trending stocks report. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Should You Be Too? Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Learn More. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. To sustain those losses, fuboTV is tapping capital markets and raising money. Realtime quote and/or trade prices are not sourced from all markets. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? This means that fuboTV's share count is rising. 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. 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. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. 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. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Why Is Everyone Talking About fuboTV Stock? Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Learn about the media coverage comparison. 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. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. 2. fuboTV's net losses are diluting shareholders. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. 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. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. 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. Authors may own the stocks they discuss. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. Upgrade to MarketBeat All Access to add more stocks to your watchlist. The information and content are subject to change without notice. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. Cost basis and return based on previous market day close. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Tesla Continues to Defy Expectations, Is it Buyable Again? No doubt, that's impressive growth. Fubo is slipping as part of Netflix-induced streaming slump. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. That's nearly twice as much as the $72 million it lost in the same time last year. Want to learn more about investing? Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Warner Bros. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. To make the world smarter, happier, and richer. Those are heavy losses. 2023 InvestorPlace Media, LLC. quotes delayed at least 15 minutes, all others at least 20 minutes. It's always beneficial to see both sides of an argument about an investment. With each new subscriber, fuboTV needs to pay media companies like Disney. Howard Smith has no position in any of the stocks mentioned. Can Earnings Recharge Electric Vehicle Stocks? Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. Cost basis and return based on previous market day close. Identify stocks that meet your criteria using seven unique stock screeners. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Can Fubo TV Survive Its Most Recent Slump? Sign up for free today. Fubo is best known for its live TV offerings, including sports, news and entertainment. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. LightShed analysts also said that FuboTV is overpaying for sports rights. For the quarter, fuboTV lost $106 million on the bottom line. 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. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. 326 E 8th St #105, Sioux Falls, SD 57103 TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. That's based on the midpoint of its outlook. But losses continue too, meaning the company may need to raise more money. The Motley Fool has a disclosure policy. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. This morning, Netflix reported its financial results for its fiscal Q1 2022. That's what makes a market, after all. 2000-2023 Investor's Business Daily, LLC. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. The sportsbook service is integrated with the company's live-TV service on mobile devices. Privacy Policy & Terms of Use. Copyright The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. contact@marketbeat.com However, where investors are raising concern is the cost of that growth. We track news headlines from hundreds of news outlets and tag them by company. The stock has fallen more than 25% since the earnings announcement. In a report Tuesday, LightShed Partners slammed FuboTV stock. 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. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Bank Failures Widen. *Average returns of all recommendations since inception. 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. 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! Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! In the most recent nine months Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Make more money in stocks with 2 months of access to IBD Digital for only $20! 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. 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. 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. Invest better with The Motley Fool. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. 6, 2023 at 9:55 a.m. Real-time analyst ratings, insider transactions, earnings data, and more. 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) However, some stocks are down worse than others. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. Note that with more shares outstanding, a company's profits are split more broadly. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? 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. (844) 978-6257. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? The business itself is showing strong growth. 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 Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. *Real-time prices by Nasdaq Last Sale. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. analyst said the $40 stock is only worth $8. 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. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 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. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter The Motley Fool recommends fuboTV, Inc. But that should come after they have read the other opinions and thought through all the factors making up the growth story. Parkev Tatevosian owns shares of Walt Disney. FUBO News Today | Why did fuboTV stock go up today? 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. All rights reserved. Get market updates, educational videos, webinars, and stock analysis. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. *Average returns of all recommendations since inception. However, one of todays biggest movers to the 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. But the sharp share price increase has also driven the valuation to lofty levels. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Learn More. Making the world smarter, happier, and richer. In-depth profiles and analysis for 20,000 public companies. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. 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 To sustain those losses, fuboTV is tapping capital markets and raising money. Get short term trading ideas from the MarketBeat Idea Engine. 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. 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. 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. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Fubo starts at $75 per month, though Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc.
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