Image source: Getty Images. That's nearly twice as much as the $72 million it lost in the same time last year. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. For Why Analysts were targeting 927,000 subscribers. 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. JPMorgan Rescues First Republic. Bank Failures Widen. 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. American Consumer News, LLC dba MarketBeat 2010-2023. analyst said the $40 stock is only worth $8. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. FUBO Stock Price | fuboTV Inc. Stock Quote (U.S.: Can Earnings Recharge Electric Vehicle Stocks? Copyright, Trademark and Patent Information. To sustain those losses, fuboTV is tapping capital markets and raising money. 2023 NFL Draft live stream: How to watch online, time and TV The Motley Fool recommends fuboTV, Inc. fuboTV Stock Forecast, Price & News (NYSE:FUBO) Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. That's up from 44.2 million at the same time last year. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. "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. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) As of Sept. 30, it had 142.5 million shares outstanding. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. 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 All rights reserved. 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. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. 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. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Warner Bros. No doubt, that's impressive growth. 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. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. FuboTV down? Current problems and outages | Downdetector As a result, fuboTV had $398.5 million in cash at the end of its third quarter. FUBO News Today | Why did fuboTV stock go down Get daily stock ideas from top-performing Wall Street analysts. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. In a report Tuesday, LightShed Partners slammed FuboTV stock. The business itself is showing strong growth. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. The information and content are subject to change without notice. Indeed, expenses as a percentage of revenue were 165.5%. Can Fubo TV Survive Its Most Recent Slump? (844) 978-6257. Making the world smarter, happier, and richer. 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, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Learn More. Netflixs massive earnings loss has had iterative effects on the market. Netflix, was, perhaps as expected, the worse casualty of its earnings call. We track news headlines from hundreds of news outlets and tag them by company. Stock market today: Asian stocks dip on economy worries Want to learn more about investing? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Privacy Policy & Terms of Use. 1125 N. Charles St, Baltimore, MD 21201. Cost basis and return based on previous market day close. 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 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. To see all exchange delays and terms of use please see Barchart's disclaimer. To sustain those losses, fuboTV is tapping capital markets and raising money. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Additionally, it has raised $71.8 million by selling shares of its stock to the public. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Let's look closer at two reasons the market is concerned about fuboTV. LightShed analysts also said that FuboTV is overpaying for sports rights. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. 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 Motley Fool has a disclosure policy. All rights reserved. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Why fuboTV Stock Dropped Monday | The Motley Fool FuboTV Stock Falls Despite Better-Than-Expected Subscriber How to watch King Charles III's coronation without going to 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. 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. *Average returns of all recommendations since inception. Sign up for free today. 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. Invest better with The Motley Fool. FUBO News Today | Why did fuboTV stock go up today? On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. However, one of todays biggest movers to the 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. (SecondSide/stock.adobe.com). After spiking more than 400%, the stock has been tumbling the last several trading sessions. 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) Why Is FUBO Stock Down 10% Today? TradingView News fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Get short term trading ideas from the MarketBeat Idea Engine. In-depth profiles and analysis for 20,000 public companies. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Invest better with The Motley Fool. You have already added five stocks to your watchlist. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Tesla Continues to Defy Expectations, Is it Buyable Again? Those are heavy losses. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. Nasdaq 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! Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. To make the world smarter, happier, and richer. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Get market updates, educational videos, webinars, and stock analysis. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. 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. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Get these newsletters delivered to your inbox & more info about our products & services. How to watch King Charles III's coronation without going to The sportsbook service is integrated with the company's live-TV service on mobile devices. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Why fuboTV Stock Dropped Today | The Motley Fool On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. *Average returns of all recommendations since inception. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. 2000-2023 Investor's Business Daily, LLC. Should You Be Too? The stock has fallen more than 25% since the earnings announcement. Make more money in stocks with 2 months of access to IBD Digital for only $20! For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. Realtime quote and/or trade prices are not sourced from all markets. Revenue and subscribership saw rapid growth in the latest quarter. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. Learn More. As you might imagine, investors havent been kind to Netflix stock today. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 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. 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. Our daily ratings and market update email newsletter. 2 Reasons Why fuboTV Stock Crashed After Earnings Export data to Excel for your own analysis. 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 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. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Is United Airlines Playing a Game of Limbo with Its Guidance? Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. The Motley Fool has a disclosure policy. Identify stocks that meet your criteria using seven unique stock screeners. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Authors may own the stocks they discuss. Please log in to your account or sign up in order to add this asset to your watchlist. Learn how to trade stocks like a pro with just 3 email lessons! Why Is FuboTV (FUBO) Stock Down Today? TradingView News What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but Instead, the issues arise from fuboTV's profit margins -- or lack thereof. quotes delayed at least 15 minutes, all others at least 20 minutes. 326 E 8th St #105, Sioux Falls, SD 57103 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. 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. 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. *Real-time prices by Nasdaq Last Sale. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. 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 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. However, where investors are raising concern is the cost of that growth. 2023 InvestorPlace Media, LLC. 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. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? 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. It's always beneficial to see both sides of an argument about an investment. After bouncing off recent lows, the stock went back down today. 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. However, some stocks are down worse than others. See what's happening in the market right now with MarketBeat's real-time news feed. All rights reserved. This morning, Netflix reported its financial results for its fiscal Q1 2022. Why Is Everyone Talking About fuboTV Stock? Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Each headline receives a score ranging from 2 (good news) to -2 (bad news). 6, 2023 at 9:55 a.m. Copyright Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Learn about the media coverage comparison. View which stocks are hot on social media with MarketBeat's trending stocks report. FUBO But that should come after they have read the other opinions and thought through all the factors making up the growth story. To make the world smarter, happier, and richer. 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. Cost basis and return based on previous market day close. Real-time analyst ratings, insider transactions, earnings data, and more. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October.