For the quarter, fuboTV lost $106 million on the bottom line. 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 FUBO For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Why NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. 2023 NFL Draft live stream: How to watch online, time and TV Upgrade to MarketBeat All Access to add more stocks to your watchlist. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. To see all exchange delays and terms of use please see Barchart's disclaimer. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor 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. Making the world smarter, happier, and richer. Get short term trading ideas from the MarketBeat Idea Engine. Parkev Tatevosian owns shares of Walt Disney. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. 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. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo All rights reserved. Want to learn more about investing? Privacy Policy & Terms of Use. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. Identify stocks that meet your criteria using seven unique stock screeners. After spiking more than 400%, the stock has been tumbling the last several trading sessions. *Average returns of all recommendations since inception. The stock has fallen more than 25% since the earnings announcement. The Motley Fool has a disclosure policy. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. Indeed, Learn More. 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. However, some stocks are down worse than others. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. Why Is FuboTV (FUBO) Stock Down Today? 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. Why Is Everyone Talking About fuboTV Stock? 326 E 8th St #105, Sioux Falls, SD 57103 Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Learn how to trade stocks like a pro with just 3 email lessons! Cost basis and return based on previous market day close. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. *Average returns of all recommendations since inception. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. Should You Be Too? 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. What happened. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. 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. Get fuboTV News Delivered to You Automatically. "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. 0.58Average Consumer Discretionary News Sentiment. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. That's nearly twice as much as the $72 million it lost in the same time last year. Additionally, it has raised $71.8 million by selling shares of its stock to the public. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Note that with more shares outstanding, a company's profits are split more broadly. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. Cost basis and return based on previous market day close. No doubt, that's impressive growth. 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. SOFI stock is exemplifying that today. FuboTV Stock Falls Despite Better-Than-Expected Subscriber 2023 NFL Draft live stream: How to watch night 2 online, time Copyright Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. 2023 InvestorPlace Media, LLC. Can Fubo TV Survive Its Most Recent Slump? 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. The information and content are subject to change without notice. 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. (SecondSide/stock.adobe.com). All rights reserved. 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 Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. *Real-time prices by Nasdaq Last Sale. Invest better with The Motley Fool. Get these newsletters delivered to your inbox & more info about our products & services. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. 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. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. However, where investors are raising concern is the cost of that growth. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders See what's happening in the market right now with MarketBeat's real-time news feed. FUBO News Today | Why did fuboTV stock go down FUBO Stock Price | fuboTV Inc. Stock Quote (U.S.: Why Is Everyone Talking About fuboTV Stock? 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. To make the world smarter, happier, and richer. Can Earnings Recharge Electric Vehicle Stocks? Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Analysts were targeting 927,000 subscribers. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Netflixs massive earnings loss has had iterative effects on the market. Authors may own the stocks they discuss. American Consumer News, LLC dba MarketBeat 2010-2023. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. This means that fuboTV's share count is rising. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. But that should come after they have read the other opinions and thought through all the factors making up the growth story. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Stock market today: Asian stocks dip on economy worries In a report Tuesday, LightShed Partners slammed FuboTV stock. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. FUBO News Today | Why did fuboTV stock go up today? LightShed analysts also said that FuboTV is overpaying for sports rights. This morning, Netflix reported its financial results for its fiscal Q1 2022. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. 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. You have already added five stocks to your watchlist. However, one of todays biggest movers to the To sustain those losses, fuboTV is tapping capital markets and raising money. 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. Nasdaq That's based on the midpoint of its outlook. Tesla Continues to Defy Expectations, Is it Buyable Again? JPMorgan Rescues First Republic. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Sign up for free today. 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. Revenue and subscribership saw rapid growth in the latest quarter. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. The Motley Fool recommends fuboTV, Inc. analyst said the $40 stock is only worth $8. Is United Airlines Playing a Game of Limbo with Its Guidance? 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 Howard Smith has no position in any of the stocks mentioned. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, quotes delayed at least 15 minutes, all others at least 20 minutes. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. 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. Each headline receives a score ranging from 2 (good news) to -2 (bad news). 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. Warner Bros. Image source: Getty Images. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. For After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Making the world smarter, happier, and richer. After spiking more Get access to free IBD eventsonline & in-person! Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. But the sharp share price increase has also driven the valuation to lofty levels. 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. In the most recent nine months Learn about the media coverage comparison. How to watch King Charles III's coronation without going to Please log in to your account or sign up in order to add this asset to your watchlist. 1125 N. Charles St, Baltimore, MD 21201. Make more money in stocks with 2 months of access to IBD Digital for only $20! Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Why fuboTV Stock Dropped Today | The Motley Fool The business itself is showing strong growth. It's always beneficial to see both sides of an argument about an investment. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Why To sustain those losses, fuboTV is tapping capital markets and raising money. 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.