FuboTV Stock Falls Despite Better-Than-Expected Subscriber Why However, one of todays biggest movers to the Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. 2. fuboTV's net losses are diluting shareholders. fuboTV Stock Forecast, Price & News (NYSE:FUBO) That's up from 44.2 million at the same time last year. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter 6, 2023 at 9:55 a.m. FuboTV lost 74 cents a share on sales of $156.7 million 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. To see all exchange delays and terms of use please see Barchart's disclaimer. Export data to Excel for your own analysis. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. LightShed analysts also said that FuboTV is overpaying for sports rights. *Average returns of all recommendations since inception. View which stocks are hot on social media with MarketBeat's trending stocks report. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. Let's look closer at two reasons the market is concerned about fuboTV. That's what makes a market, after all. 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. With each new subscriber, fuboTV needs to pay media companies like Disney. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. This morning, Netflix reported its financial results for its fiscal Q1 2022. 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. Nasdaq fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. 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 Fubo is slipping as part of Netflix-induced streaming slump. *Real-time prices by Nasdaq Last Sale. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. How to watch King Charles III's coronation without going to 326 E 8th St #105, Sioux Falls, SD 57103 Why Is Everyone Talking About fuboTV Stock? In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. To make the world smarter, happier, and richer. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. 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. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. All rights reserved. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Can Fubo TV Survive Its Most Recent Slump? "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. Real-time analyst ratings, insider transactions, earnings data, and more. Netflix, was, perhaps as expected, the worse casualty of its earnings call. 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. 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. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. All rights reserved. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Get fuboTV News Delivered to You Automatically. Get market updates, educational videos, webinars, and stock analysis. Our daily ratings and market update email newsletter. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. 2000-2023 Investor's Business Daily, LLC. American Consumer News, LLC dba MarketBeat 2010-2023. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. Learn More. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Learn about the media coverage comparison. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. quotes delayed at least 15 minutes, all others at least 20 minutes. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. What happened. 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. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. The Motley Fool has a disclosure policy. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. 2023 InvestorPlace Media, LLC. But losses continue too, meaning the company may need to raise more money. As you might imagine, investors havent been kind to Netflix stock today. Sign up for free today. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. However, where investors are raising concern is the cost of that growth. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. FuboTV down? Current problems and outages | Downdetector 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. contact@marketbeat.com JPMorgan Rescues First Republic. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! 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) Should You Be Too? Warner Bros. 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. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. 2 Reasons Why fuboTV Stock Crashed After Earnings 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. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. FUBO News Today | Why did fuboTV stock go up today? Additionally, it has raised $71.8 million by selling shares of its stock to the public. *Average returns of all recommendations since inception. You have already added five stocks to your watchlist. But its shares pulled back from that resistance level. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Copyright Why Can Earnings Recharge Electric Vehicle Stocks? It's always beneficial to see both sides of an argument about an investment. 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. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Get daily stock ideas from top-performing Wall Street analysts. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. SOFI stock is exemplifying that today. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. However, some stocks are down worse than others. 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 Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Each headline receives a score ranging from 2 (good news) to -2 (bad news). 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. Invest better with The Motley Fool. In the most recent nine months 2023 NFL Draft live stream: How to watch night 2 online, time No doubt, that's impressive growth. FUBO The Motley Fool has a disclosure policy. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. 1125 N. Charles St, Baltimore, MD 21201. Why fuboTV Is Down Again Today | The Motley Fool That's based on the midpoint of its outlook. To sustain those losses, fuboTV is tapping capital markets and raising money. After spiking more than 400%, the stock has been tumbling the last several trading sessions. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. 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 Image source: Getty Images. Oxygen True Crime Shows, Articles W
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