why is fubo stock down today

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Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. 326 E 8th St #105, Sioux Falls, SD 57103 Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo *Real-time prices by Nasdaq Last Sale. In-depth profiles and analysis for 20,000 public companies. 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. Why Is FuboTV (FUBO) Stock Down Today? TradingView News Can Fubo TV Survive Its Most Recent Slump? 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 Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. FUBO News Today | Why did fuboTV stock go up today? No doubt, that's impressive growth. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. To see all exchange delays and terms of use please see Barchart's disclaimer. 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 Revenue and subscribership saw rapid growth in the latest quarter. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Want to learn more about investing? Authors may own the stocks they discuss. Note that with more shares outstanding, a company's profits are split more broadly. Howard Smith has no position in any of the stocks mentioned. But the sharp share price increase has also driven the valuation to lofty levels. Copyright 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. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. Realtime quote and/or trade prices are not sourced from all markets. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Making the world smarter, happier, and richer. As you might imagine, investors havent been kind to Netflix stock today. 2023 NFL Draft live stream: How to watch online, time and TV 2. fuboTV's net losses are diluting shareholders. 2023 InvestorPlace Media, LLC. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? SOFI stock is exemplifying that today. Bank Failures Widen. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but FUBO News Today | Why did fuboTV stock go down The sportsbook service is integrated with the company's live-TV service on mobile devices. Invest better with The Motley Fool. In the most recent nine months See what's happening in the market right now with MarketBeat's real-time news feed. After bouncing off recent lows, the stock went back down today. Fubo is slipping as part of Netflix-induced streaming slump. Get fuboTV News Delivered to You Automatically. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. quotes delayed at least 15 minutes, all others at least 20 minutes. *Average returns of all recommendations since inception. Analysts were targeting 927,000 subscribers. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. "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. 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. Fubo starts at $75 per month, though Get these newsletters delivered to your inbox & more info about our products & services. Privacy Policy & Terms of Use. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Learn about the media coverage comparison. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Indeed, expenses as a percentage of revenue were 165.5%. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. 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. However, where investors are raising concern is the cost of that growth. 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. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. That's up from 44.2 million at the same time last year. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. In a report Tuesday, LightShed Partners slammed FuboTV stock. Image source: Getty Images. That's based on the midpoint of its outlook. 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. 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. You have already added five stocks to your watchlist. Why 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. 6, 2023 at 9:55 a.m. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. FUBO Stock Price | fuboTV Inc. Stock Quote (U.S.: 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. Get market updates, educational videos, webinars, and stock analysis. Can Earnings Recharge Electric Vehicle Stocks? Please log in to your account or sign up in order to add this asset to your watchlist. Should You Be Too? 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 Is FuboTV (FUBO) Stock Down Today? The business itself is showing strong growth. As of Sept. 30, it had 142.5 million shares outstanding. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. 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 Is United Airlines Playing a Game of Limbo with Its Guidance? Stock market today: Asian stocks dip on economy worries As a result, fuboTV had $398.5 million in cash at the end of its third quarter. 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. However, one of todays biggest movers to the Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Tesla Continues to Defy Expectations, Is it Buyable Again? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Ownership data provided by Refinitiv and Estimates data provided by FactSet. To make the world smarter, happier, and richer. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. (844) 978-6257. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. The stock has fallen more than 25% since the earnings announcement. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. FUBO Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? 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. Copyright, Trademark and Patent Information. How to watch King Charles III's coronation without going to Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. FuboTV Stock Falls Despite Better-Than-Expected Subscriber It's always beneficial to see both sides of an argument about an investment. The Motley Fool has a disclosure policy. 2023 NFL Draft live stream: How to watch night 2 online, time 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Cost basis and return based on previous market day close. Those are heavy losses. JPMorgan Rescues First Republic. 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.

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