Privacy Policy & Terms of Use. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but Identify stocks that meet your criteria using seven unique stock screeners. 2023 InvestorPlace Media, LLC. Learn about the media coverage comparison. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. 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) The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Warner Bros. To see all exchange delays and terms of use please see Barchart's disclaimer. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. *Average returns of all recommendations since inception. For the quarter, fuboTV lost $106 million on the bottom line. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The information and content are subject to change without notice. 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. (SecondSide/stock.adobe.com). LightShed analysts also said that FuboTV is overpaying for sports rights. 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 quotes delayed at least 15 minutes, all others at least 20 minutes. Copyright, Trademark and Patent Information. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. Our daily ratings and market update email newsletter. 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. 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. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. Invest better with The Motley Fool. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. The stock has fallen more than 25% since the earnings announcement. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Realtime quote and/or trade prices are not sourced from all markets. 6, 2023 at 9:55 a.m. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders Netflixs massive earnings loss has had iterative effects on the market. Why Is Everyone Talking About fuboTV Stock? After bouncing off recent lows, the stock went back down today. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. 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. Get these newsletters delivered to your inbox & more info about our products & services. JPMorgan Rescues First Republic. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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 Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. Note that with more shares outstanding, a company's profits are split more broadly. FUBO News Today | Why did fuboTV stock go up today? 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. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? 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. To make the world smarter, happier, and richer. No doubt, that's impressive 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. 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. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. 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. Please log in to your account or sign up in order to add this asset to your watchlist. Can Earnings Recharge Electric Vehicle Stocks? Sign up for free today. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 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. 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. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Want to learn more about investing? That's based on the midpoint of its outlook. American Consumer News, LLC dba MarketBeat 2010-2023. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. 0.58Average Consumer Discretionary News Sentiment. 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. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? That's what makes a market, after all. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. Bank Failures Widen. Nasdaq Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Revenue and subscribership saw rapid growth in the latest quarter. Cost basis and return based on previous market day close. That's up from 44.2 million at the same time last year. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. 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. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Cost basis and return based on previous market day close. In a report Tuesday, LightShed Partners slammed FuboTV stock. 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. 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. This means that fuboTV's share count is rising. Real-time analyst ratings, insider transactions, earnings data, and more. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. Fubo is slipping as part of Netflix-induced streaming slump. Should You Be Too? All rights reserved. After spiking more During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 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. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. Parkev Tatevosian owns shares of Walt Disney. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Get short term trading ideas from the MarketBeat Idea Engine. But its shares pulled back from that resistance level. analyst said the $40 stock is only worth $8. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. (844) 978-6257. Making the world smarter, happier, and richer. *Real-time prices by Nasdaq Last Sale. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Get access to free IBD eventsonline & in-person! Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. However, some stocks are down worse than others. 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! Can Fubo TV Survive Its Most Recent Slump? 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. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. Let's look closer at two reasons the market is concerned about fuboTV. Indeed, The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Get fuboTV News Delivered to You Automatically. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Howard Smith has no position in any of the stocks mentioned. 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. contact@marketbeat.com But losses continue too, meaning the company may need to raise more money. You have already added five stocks to your watchlist. Fubo starts at $75 per month, though Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. All rights reserved. To sustain those losses, fuboTV is tapping capital markets and raising money. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. View which stocks are hot on social media with MarketBeat's trending stocks report. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. 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. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. We track news headlines from hundreds of news outlets and tag them by company. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Authors may own the stocks they discuss. 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. To make the world smarter, happier, and richer. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? After spiking more than 400%, the stock has been tumbling the last several trading sessions.
