Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. No doubt, that's impressive growth. Fubo starts at $75 per month, though 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 the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. But losses continue too, meaning the company may need to raise more money. Learn how to trade stocks like a pro with just 3 email lessons! 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. Analysts were targeting 927,000 subscribers. 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. That's up from 44.2 million at the same time last year. Why Is Everyone Talking About fuboTV Stock? That's what makes a market, after all. 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. 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. To sustain those losses, fuboTV is tapping capital markets and raising money. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. 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. 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 Realtime quote and/or trade prices are not sourced from all markets. 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. Real-time analyst ratings, insider transactions, earnings data, and more. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. Learn More. Netflixs massive earnings loss has had iterative effects on the market. After spiking more For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. Netflix, was, perhaps as expected, the worse casualty of its earnings call. All rights reserved. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Tesla Continues to Defy Expectations, Is it Buyable Again? Stock market today: Asian stocks dip on economy worries The information and content are subject to change without notice. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. As of Sept. 30, it had 142.5 million shares outstanding. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Copyright, Trademark and Patent Information. That's nearly twice as much as the $72 million it lost in the same time last year. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. JPMorgan Rescues First Republic. 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. 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. 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. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Why 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. 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. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. View which stocks are hot on social media with MarketBeat's trending stocks report. This morning, Netflix reported its financial results for its fiscal Q1 2022. For the quarter, fuboTV lost $106 million on the bottom line. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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 Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Motley Fool has a disclosure policy. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. 2023 NFL Draft live stream: How to watch night 2 online, time Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Is United Airlines Playing a Game of Limbo with Its Guidance? In the most recent nine months Upgrade to MarketBeat All Access to add more stocks to your watchlist. We track news headlines from hundreds of news outlets and tag them by company. However, where investors are raising concern is the cost of that growth. But that should come after they have read the other opinions and thought through all the factors making up the growth story. (844) 978-6257. Nasdaq To make the world smarter, happier, and richer. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. quotes delayed at least 15 minutes, all others at least 20 minutes. 326 E 8th St #105, Sioux Falls, SD 57103 Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? contact@marketbeat.com fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo Bank Failures Widen. Copyright Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. That's based on the midpoint of its outlook. 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. Financial Market Data powered by FinancialContent Services, Inc. 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! NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Fubo is best known for its live TV offerings, including sports, news and entertainment. 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. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Why fuboTV Stock Dropped Today | The Motley Fool Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Sign up for free today. This means that fuboTV's share count is rising. 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. Howard Smith has no position in any of the stocks mentioned. All rights reserved. Ownership data provided by Refinitiv and Estimates data provided by FactSet. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. 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. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. 1125 N. Charles St, Baltimore, MD 21201. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. Why Is FuboTV (FUBO) Stock Down Today? TradingView News GDC Stock Alert: Why Is GD Culture Group Up 700% Today? *Real-time prices by Nasdaq Last Sale. 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) 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. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. Let's look closer at two reasons the market is concerned about fuboTV. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, FUBO 0.58Average Consumer Discretionary News Sentiment. Fubo is slipping as part of Netflix-induced streaming slump. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Get fuboTV News Delivered to You Automatically. However, some stocks are down worse than others. 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. analyst said the $40 stock is only worth $8. It's always beneficial to see both sides of an argument about an investment. 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 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 have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. FUBO News Today | Why did fuboTV stock go down With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? The business itself is showing strong growth. Can Earnings Recharge Electric Vehicle Stocks? For The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Learn about the media coverage comparison. Making the world smarter, happier, and richer. "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. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. 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. To make the world smarter, happier, and richer. 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). 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. *Average returns of all recommendations since inception. Indeed, expenses as a percentage of revenue were 165.5%. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. SOFI stock is exemplifying that today. 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. 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