Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. In-depth profiles and analysis for 20,000 public companies. Additionally, it has raised $71.8 million by selling shares of its stock to the public. The sportsbook service is integrated with the company's live-TV service on mobile devices. Learn More. Netflixs massive earnings loss has had iterative effects on the market. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. 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. After spiking more than 400%, the stock has been tumbling the last several trading sessions. 1125 N. Charles St, Baltimore, MD 21201. 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. In the most recent nine months On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. (SecondSide/stock.adobe.com). *Average returns of all recommendations since inception. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Our daily ratings and market update email newsletter. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. To make the world smarter, happier, and richer. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. 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 2023 InvestorPlace Media, LLC. With each new subscriber, fuboTV needs to pay media companies like Disney. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. 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. Warner Bros. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Ownership data provided by Refinitiv and Estimates data provided by FactSet. But the sharp share price increase has also driven the valuation to lofty levels. contact@marketbeat.com Indeed, 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. Is United Airlines Playing a Game of Limbo with Its Guidance? Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. 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. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. All rights reserved. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter 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. 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. Those are heavy losses. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. Export data to Excel for your own analysis. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. Parkev Tatevosian owns shares of Walt Disney. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. All rights reserved. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Please log in to your account or sign up in order to add this asset to your watchlist. Get fuboTV News Delivered to You Automatically. As of Sept. 30, it had 142.5 million shares outstanding. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. 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 Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? 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. To see all exchange delays and terms of use please see Barchart's disclaimer. 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. Learn More. Copyright Invest better with The Motley Fool. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. View which stocks are hot on social media with MarketBeat's trending stocks 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. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? 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. 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. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Fubo is slipping as part of Netflix-induced streaming slump. Fubo starts at $75 per month, though But its shares pulled back from that resistance level. Learn about the media coverage comparison. Why Is Everyone Talking About fuboTV Stock? Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. The business itself is showing strong growth. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. Each headline receives a score ranging from 2 (good news) to -2 (bad news). JPMorgan Rescues First Republic. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Copyright, Trademark and Patent Information. 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. Privacy Policy & Terms of Use. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. (844) 978-6257. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. 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 other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Cost basis and return based on previous market day close. How to watch King Charles III's coronation without going to 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. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. 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. After spiking more The Motley Fool has a disclosure policy. 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. 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. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Make more money in stocks with 2 months of access to IBD Digital for only $20! What happened. Can Earnings Recharge Electric Vehicle Stocks? NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) 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. Making the world smarter, happier, and richer. But losses continue too, meaning the company may need to raise more money. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Get market updates, educational videos, webinars, and stock analysis. Making the world smarter, happier, and richer. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. That's up from 44.2 million at the same time last year. However, some stocks are down worse than others. Real-time analyst ratings, insider transactions, earnings data, and more. Realtime quote and/or trade prices are not sourced from all markets. SOFI stock is exemplifying that today. Note that with more shares outstanding, a company's profits are split more broadly. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders As a result, fuboTV had $398.5 million in cash at the end of its third quarter. 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. 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) WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. LightShed analysts also said that FuboTV is overpaying for sports rights. Indeed, expenses as a percentage of revenue were 165.5%. FUBO News Today | Why did fuboTV stock go up today? For 6, 2023 at 9:55 a.m. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. analyst said the $40 stock is only worth $8. The Motley Fool recommends fuboTV, Inc. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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! On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. "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. No doubt, that's impressive growth. The Motley Fool has a disclosure policy. Want to learn more about investing? Fubo is best known for its live TV offerings, including sports, news and entertainment. Nasdaq Investors who have done the research and believe in the long-term story should consider the drop an opportunity. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? 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. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. 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 Bank Failures Widen. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. After bouncing off recent lows, the stock went back down today. *Average returns of all recommendations since inception. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was 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. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Get access to free IBD eventsonline & in-person! View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Howard Smith has no position in any of the stocks mentioned. Image source: Getty Images. As you might imagine, investors havent been kind to Netflix stock today. That's nearly twice as much as the $72 million it lost in the same time last year. 2000-2023 Investor's Business Daily, LLC. You have already added five stocks to your watchlist. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 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. Sign up for free today. The stock has fallen more than 25% since the earnings announcement. Revenue and subscribership saw rapid growth in the latest quarter. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Identify stocks that meet your criteria using seven unique stock screeners. We track news headlines from hundreds of news outlets and tag them by company. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. See what's happening in the market right now with MarketBeat's real-time news feed. Let's look closer at two reasons the market is concerned about fuboTV. Should You Be Too? 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. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Get daily stock ideas from top-performing Wall Street analysts. 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). American Consumer News, LLC dba MarketBeat 2010-2023. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). *Real-time prices by Nasdaq Last Sale. Cost basis and return based on previous market day close. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. 326 E 8th St #105, Sioux Falls, SD 57103 The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. 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. However, where investors are raising concern is the cost of that growth. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations.
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