Our daily ratings and market update email newsletter. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. All rights reserved. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Fubo starts at $75 per month, though Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Indeed, Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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 On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. No doubt, that's impressive growth. Identify stocks that meet your criteria using seven unique stock screeners. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. However, some stocks are down worse than others. LightShed analysts also said that FuboTV is overpaying for sports rights. 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. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. Image source: Getty Images. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. 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. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. Sign up for free today. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. With each new subscriber, fuboTV needs to pay media companies like Disney. Learn More. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. For Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 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. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. 2023 InvestorPlace Media, LLC. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. This morning, Netflix reported its financial results for its fiscal Q1 2022. The business itself is showing strong growth. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. 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 how to trade stocks like a pro with just 3 email lessons! Let's look closer at two reasons the market is concerned about fuboTV. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Each headline receives a score ranging from 2 (good news) to -2 (bad news). The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Parkev Tatevosian owns shares of Walt Disney. Copyright In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. The sportsbook service is integrated with the company's live-TV service on mobile devices. Bank Failures Widen. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. SOFI stock is exemplifying that today. 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. Analysts were targeting 927,000 subscribers. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. FUBO News Today | Why did fuboTV stock go up today? 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. 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. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. 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. 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. What happened. 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. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? 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. But that should come after they have read the other opinions and thought through all the factors making up the growth story. 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. 2. fuboTV's net losses are diluting shareholders. 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. But its shares pulled back from that resistance level. American Consumer News, LLC dba MarketBeat 2010-2023. Those are heavy losses. 0.58Average Consumer Discretionary News Sentiment. Export data to Excel for your own analysis. 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. Fubo is slipping as part of Netflix-induced streaming slump. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? "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. (SecondSide/stock.adobe.com). 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. Cost basis and return based on previous market day close. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. 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.
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