Revenue and subscribership saw rapid growth in the latest quarter. 2023 InvestorPlace Media, LLC. FUBO Stock Price | fuboTV Inc. Stock Quote (U.S.: 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. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. 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. LightShed analysts also said that FuboTV is overpaying for sports rights. Bank Failures Widen. 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. Tesla Continues to Defy Expectations, Is it Buyable Again? Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. JPMorgan Rescues First Republic. The stock has fallen more than 25% since the earnings announcement. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. 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. 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. Learn More. Sign up for free today. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Learn about the media coverage comparison. No doubt, that's impressive growth. Please log in to your account or sign up in order to add this asset to your watchlist. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. 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. 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. 326 E 8th St #105, Sioux Falls, SD 57103 *Average returns of all recommendations since inception. Should You Be Too? After spiking more than 400%, the stock has been tumbling the last several trading sessions. 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. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. It's always beneficial to see both sides of an argument about an investment. Indeed, Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. Why Is FuboTV (FUBO) Stock Down Today? TradingView News 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. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? FuboTV down? Current problems and outages | Downdetector *Average returns of all recommendations since inception. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? 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). The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. Why fuboTV Is Down Again Today | The Motley Fool For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Making the world smarter, happier, and richer. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Get these newsletters delivered to your inbox & more info about our products & services. Note that with more shares outstanding, a company's profits are split more broadly. Cost basis and return based on previous market day close. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. With each new subscriber, fuboTV needs to pay media companies like Disney. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. However, some stocks are down worse than others. Why 2023 NFL Draft live stream: How to watch online, time and TV To make the world smarter, happier, and richer. Copyright, Trademark and Patent Information. Why fuboTV Stock Dropped Monday | The Motley Fool Learn how to trade stocks like a pro with just 3 email lessons! Can Fubo TV Survive Its Most Recent Slump? Nasdaq fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo 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. Can Earnings Recharge Electric Vehicle Stocks? On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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 The sportsbook service is integrated with the company's live-TV service on mobile devices. Fubo is best known for its live TV offerings, including sports, news and entertainment. All rights reserved. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but Why How to watch King Charles III's coronation without going to 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. Ownership data provided by Refinitiv and Estimates data provided by FactSet. That's up from 44.2 million at the same time last year. Want to learn more about investing? Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was 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. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Invest better with The Motley Fool. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 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 Indeed, expenses as a percentage of revenue were 165.5%. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. You have already added five stocks to your watchlist. Netflix, was, perhaps as expected, the worse casualty of its earnings call. 2. fuboTV's net losses are diluting shareholders. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. In-depth profiles and analysis for 20,000 public companies. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, (844) 978-6257. For the quarter, fuboTV lost $106 million on the bottom line. quotes delayed at least 15 minutes, all others at least 20 minutes. 1125 N. Charles St, Baltimore, MD 21201. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. 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 Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Is United Airlines Playing a Game of Limbo with Its Guidance? To see all exchange delays and terms of use please see Barchart's disclaimer. Howard Smith has no position in any of the stocks mentioned. 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. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. 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. All rights reserved. SOFI stock is exemplifying that today. To sustain those losses, fuboTV is tapping capital markets and raising money. Our daily ratings and market update email newsletter. Fubo is slipping as part of Netflix-induced streaming slump. The information and content are subject to change without notice. Privacy Policy & Terms of Use. 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) 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. 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. 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. 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 For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. Why That's nearly twice as much as the $72 million it lost in the same time last year. 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. 2 Reasons Why fuboTV Stock Crashed After Earnings Each headline receives a score ranging from 2 (good news) to -2 (bad news). Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Let's look closer at two reasons the market is concerned about fuboTV. All rights reserved. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. 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. 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. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders In a report Tuesday, LightShed Partners slammed FuboTV stock. 6, 2023 at 9:55 a.m. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. 2023 NFL Draft live stream: How to watch night 2 online, time Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Additionally, it has raised $71.8 million by selling shares of its stock to the public. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. What happened. But losses continue too, meaning the company may need to raise more money. 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. As you might imagine, investors havent been kind to Netflix stock today. As of Sept. 30, it had 142.5 million shares outstanding. Why fuboTV Stock Dropped Today | The Motley Fool Identify stocks that meet your criteria using seven unique stock screeners. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. (SecondSide/stock.adobe.com). Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 0.58Average Consumer Discretionary News Sentiment. 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. American Consumer News, LLC dba MarketBeat 2010-2023. After bouncing off recent lows, the stock went back down today. contact@marketbeat.com Authors may own the stocks they discuss. Invest better with The Motley Fool. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. But its shares pulled back from that resistance level. Why Is FuboTV (FUBO) Stock Down Today?