Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter 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 live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Fubo is slipping as part of Netflix-induced streaming slump. contact@marketbeat.com Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? The information and content are subject to change without notice. The Motley Fool has a disclosure policy. 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. In a report Tuesday, LightShed Partners slammed FuboTV stock. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. All rights reserved. quotes delayed at least 15 minutes, all others at least 20 minutes. 2023 NFL Draft live stream: How to watch night 2 online, time Let's look closer at two reasons the market is concerned about fuboTV. 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. 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. Copyright On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. For the quarter, fuboTV lost $106 million on the bottom line. LightShed analysts also said that FuboTV is overpaying for sports rights. *Real-time prices by Nasdaq Last Sale. However, where investors are raising concern is the cost of that growth. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Tesla Continues to Defy Expectations, Is it Buyable Again? FUBO News Today | Why did fuboTV stock go up today? fuboTV Inc (FUBO) Stock Price Today, News, Quotes, Should You Be Too? *Average returns of all recommendations since inception. Our daily ratings and market update email newsletter. Making the world smarter, happier, and richer. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. We track news headlines from hundreds of news outlets and tag them by company. You have already added five stocks to your watchlist. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. To make the world smarter, happier, and richer. Why Is Everyone Talking About fuboTV Stock? But that should come after they have read the other opinions and thought through all the factors making up the growth story. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. "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. Copyright, Trademark and Patent Information. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Why All rights reserved. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 2. fuboTV's net losses are diluting shareholders. 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. Get fuboTV News Delivered to You Automatically. 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. 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. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. SOFI stock is exemplifying that today. To sustain those losses, fuboTV is tapping capital markets and raising money. (844) 978-6257. Export data to Excel for your own analysis. Authors may own the stocks they discuss. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. 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! 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. How to watch King Charles III's coronation without going to Fubo starts at $75 per month, though 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. To make the world smarter, happier, and richer. Learn about the media coverage comparison. All rights reserved. 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. 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. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Why Is Everyone Talking About fuboTV Stock? Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? 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 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 expects to end the year with 1.06 million to 1.07 million subscribers. 6, 2023 at 9:55 a.m. To sustain those losses, fuboTV is tapping capital markets and raising money. 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) To see all exchange delays and terms of use please see Barchart's disclaimer. With each new subscriber, fuboTV needs to pay media companies like Disney. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Please log in to your account or sign up in order to add this asset to your watchlist. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. The stock has fallen more than 25% since the earnings announcement. 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. FUBO analyst said the $40 stock is only worth $8. Additionally, it has raised $71.8 million by selling shares of its stock to the public. 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. FuboTV down? Current problems and outages | Downdetector 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. 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. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. (SecondSide/stock.adobe.com). Real-time analyst ratings, insider transactions, earnings data, and more. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. After bouncing off recent lows, the stock went back down today. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. As you might imagine, investors havent been kind to Netflix stock today. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. Image source: Getty Images. fuboTV Stock Forecast, Price & News (NYSE:FUBO) The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. That's up from 44.2 million at the same time last year. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. 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. 2023 NFL Draft live stream: How to watch online, time and TV *Average returns of all recommendations since inception. 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. Upgrade to MarketBeat All Access to add more stocks to your watchlist. View which stocks are hot on social media with MarketBeat's trending stocks report. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Get access to free IBD eventsonline & in-person! 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 Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. The sportsbook service is integrated with the company's live-TV service on mobile devices. See what's happening in the market right now with MarketBeat's real-time news feed. 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). Bank Failures Widen. Those are heavy losses. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. 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. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Can Fubo TV Survive Its Most Recent Slump? Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. Learn More. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. American Consumer News, LLC dba MarketBeat 2010-2023. 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. Why fuboTV Stock Dropped Today | The Motley Fool Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo 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 fuboTV's stock crashed after the company posted impressive revenue growth in Q3. 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 Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 1125 N. Charles St, Baltimore, MD 21201. Get market updates, educational videos, webinars, and stock analysis. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Invest better with The Motley Fool. Is United Airlines Playing a Game of Limbo with Its Guidance? Netflix, was, perhaps as expected, the worse casualty of its earnings call. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but 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.