why is fubo stock down today

Let's look closer at two reasons the market is concerned about fuboTV. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. *Average returns of all recommendations since inception. After spiking more 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. Netflixs massive earnings loss has had iterative effects on the market. Is United Airlines Playing a Game of Limbo with Its Guidance? Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. 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. The stock has fallen more than 25% since the earnings announcement. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. To sustain those losses, fuboTV is tapping capital markets and raising money. Why Is FuboTV (FUBO) Stock Down Today? TradingView News Investors who have done the research and believe in the long-term story should consider the drop an opportunity. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. contact@marketbeat.com 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. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders (844) 978-6257. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. FuboTV down? Current problems and outages | Downdetector Want to learn more about investing? In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. 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. "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. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. 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). 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. Please log in to your account or sign up in order to add this asset to your watchlist. FUBO News Today | Why did fuboTV stock go down Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. What happened. 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. This morning, Netflix reported its financial results for its fiscal Q1 2022. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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 bulk of those costs was subscriber-related expenses (at 91.5% of revenue). 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. FUBO News Today | Why did fuboTV stock go up today? Learn More. Get access to free IBD eventsonline & in-person! FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Authors may own the stocks they discuss. Image source: Getty Images. 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 2 Reasons Why fuboTV Stock Crashed After Earnings Can Fubo TV Survive Its Most Recent Slump? Warner Bros. After bouncing off recent lows, the stock went back down today. 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. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, 2023 NFL Draft live stream: How to watch online, time and TV In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. 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. Should You Be Too? Invest better with The Motley Fool. That's based on the midpoint of its outlook. Real-time analyst ratings, insider transactions, earnings data, and more. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. No doubt, that's impressive growth. In-depth profiles and analysis for 20,000 public companies. In the most recent nine months To make the world smarter, happier, and richer. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) 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. Realtime quote and/or trade prices are not sourced from all markets. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. 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 It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. 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. 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. 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) To sustain those losses, fuboTV is tapping capital markets and raising money. The information and content are subject to change without notice. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. quotes delayed at least 15 minutes, all others at least 20 minutes. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. 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. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. *Average returns of all recommendations since inception. Why Is FuboTV (FUBO) Stock Down Today? In a report Tuesday, LightShed Partners slammed FuboTV stock. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. Note that with more shares outstanding, a company's profits are split more broadly. See what's happening in the market right now with MarketBeat's real-time news feed. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. This means that fuboTV's share count is rising. That's up from 44.2 million at the same time last year. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Identify stocks that meet your criteria using seven unique stock screeners. Invest better with The Motley Fool. Analysts were targeting 927,000 subscribers. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. That's what makes a market, after all. However, some stocks are down worse than others. Howard Smith has no position in any of the stocks mentioned. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. American Consumer News, LLC dba MarketBeat 2010-2023. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Why fuboTV Is Down Again Today | The Motley Fool Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. To make the world smarter, happier, and richer. As of Sept. 30, it had 142.5 million shares outstanding. For 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. But the sharp share price increase has also driven the valuation to lofty levels. 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. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? *Real-time prices by Nasdaq Last Sale. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Can Earnings Recharge Electric Vehicle Stocks? FUBO 1125 N. Charles St, Baltimore, MD 21201. 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 After spiking more than 400%, the stock has been tumbling the last several trading sessions. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo LightShed analysts also said that FuboTV is overpaying for sports rights. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. 2. fuboTV's net losses are diluting shareholders. Sign up for free today. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. 0.58Average Consumer Discretionary News Sentiment. Why Copyright Each headline receives a score ranging from 2 (good news) to -2 (bad news). Get short term trading ideas from the MarketBeat Idea Engine. Fubo is slipping as part of Netflix-induced streaming slump. Making the world smarter, happier, and richer. Learn about the media coverage comparison. Why Is Everyone Talking About fuboTV Stock? 6, 2023 at 9:55 a.m. 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. 326 E 8th St #105, Sioux Falls, SD 57103 TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. The sportsbook service is integrated with the company's live-TV service on mobile devices. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. But its shares pulled back from that resistance level. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. 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.

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