why is fubo stock down today

Get daily stock ideas from top-performing Wall Street analysts. analyst said the $40 stock is only worth $8. Can Earnings Recharge Electric Vehicle Stocks? For NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Why Is Everyone Talking About fuboTV Stock? Each headline receives a score ranging from 2 (good news) to -2 (bad news). 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. Netflixs massive earnings loss has had iterative effects on the market. In the most recent nine months Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. 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. FUBO Stock Price | fuboTV Inc. Stock Quote (U.S.: How to watch King Charles III's coronation without going to Why fuboTV Stock Dropped Monday | The Motley Fool On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. 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. The stock has fallen more than 25% since the earnings announcement. *Real-time prices by Nasdaq Last Sale. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Privacy Policy & Terms of Use. 2000-2023 Investor's Business Daily, LLC. Why Is FUBO Stock Down 10% Today? TradingView News Revenue and subscribership saw rapid growth in the latest quarter. Parkev Tatevosian owns shares of Walt Disney. Please log in to your account or sign up in order to add this asset to your watchlist. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Netflix, was, perhaps as expected, the worse casualty of its earnings call. After spiking more than 400%, the stock has been tumbling the last several trading sessions. After spiking more 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. Warner Bros. As of Sept. 30, it had 142.5 million shares outstanding. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. 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. 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. We track news headlines from hundreds of news outlets and tag them by company. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. The business itself is showing strong growth. 6, 2023 at 9:55 a.m. In a report Tuesday, LightShed Partners slammed FuboTV stock. JPMorgan Rescues First Republic. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. To make the world smarter, happier, and richer. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. That's up from 44.2 million at the same time last year. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). For the quarter, fuboTV lost $106 million on the bottom line. Making the world smarter, happier, and richer. 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. 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. The Motley Fool has a disclosure policy. 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. LightShed analysts also said that FuboTV is overpaying for sports rights. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. Let's look closer at two reasons the market is concerned about fuboTV. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? As a result, fuboTV had $398.5 million in cash at the end of its third quarter. Those are heavy losses. See what's happening in the market right now with MarketBeat's real-time news feed. 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. In-depth profiles and analysis for 20,000 public companies. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. Get access to free IBD eventsonline & in-person! Tesla Continues to Defy Expectations, Is it Buyable Again? Stock market today: Asian stocks dip on economy worries 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. Note that with more shares outstanding, a company's profits are split more broadly. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Copyright NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Make more money in stocks with 2 months of access to IBD Digital for only $20! The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. 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 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. Learn More. View which stocks are hot on social media with MarketBeat's trending stocks report. But that should come after they have read the other opinions and thought through all the factors making up the growth story. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Indeed, What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but 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. 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. Why That's based on the midpoint of its outlook. FUBO News Today | Why did fuboTV stock go up today? For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. The information and content are subject to change without notice. To make the world smarter, happier, and richer. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. That's what makes a market, after all. Cost basis and return based on previous market day close. However, one of todays biggest movers to the 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. FUBO News Today | Why did fuboTV stock go down FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Invest better with The Motley Fool. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. 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. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. The sportsbook service is integrated with the company's live-TV service on mobile devices. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. That's nearly twice as much as the $72 million it lost in the same time last year. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Get market updates, educational videos, webinars, and stock analysis. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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). 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. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. 1125 N. Charles St, Baltimore, MD 21201. 2 Reasons Why fuboTV Stock Crashed After Earnings Authors may own the stocks they discuss. It's always beneficial to see both sides of an argument about an investment. But losses continue too, meaning the company may need to raise more money. Get these newsletters delivered to your inbox & more info about our products & services. Why Is FuboTV (FUBO) Stock Down Today? TradingView News 2023 NFL Draft live stream: How to watch night 2 online, time Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. 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. 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. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. 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! But its shares pulled back from that resistance level. 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. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix.

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