On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. 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. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. The information and content are subject to change without notice. This morning, Netflix reported its financial results for its fiscal Q1 2022. 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. 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. (844) 978-6257. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. Invest better with The Motley Fool. After spiking more than 400%, the stock has been tumbling the last several trading sessions. LightShed analysts also said that FuboTV is overpaying for sports rights. Make more money in stocks with 2 months of access to IBD Digital for only $20! 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. Sign up for free today. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. 6, 2023 at 9:55 a.m. 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. 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 Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. Revenue and subscribership saw rapid growth in the latest quarter. However, where investors are raising concern is the cost of that growth. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. All rights reserved. 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. Export data to Excel for your own analysis. We track news headlines from hundreds of news outlets and tag them by company. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. Each headline receives a score ranging from 2 (good news) to -2 (bad news). Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Learn More. 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. In fact, streaming services are down across the board today as investors express fear over a potential streaming service 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 "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. 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. You have already added five stocks to your watchlist. In the most recent nine months Invest better with The Motley Fool. Can Earnings Recharge Electric Vehicle Stocks? To make the world smarter, happier, and richer. Ownership data provided by Refinitiv and Estimates data provided by FactSet. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Bank Failures Widen. 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. Cost basis and return based on previous market day close. *Average returns of all recommendations since inception. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Authors may own the stocks they discuss. Learn More. 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. Why Is Everyone Talking About fuboTV Stock? To make the world smarter, happier, and richer. 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. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. contact@marketbeat.com After bouncing off recent lows, the stock went back down today. The Motley Fool has a disclosure policy. The Motley Fool has a disclosure policy. 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. quotes delayed at least 15 minutes, all others at least 20 minutes. Howard Smith has no position in any of the stocks mentioned. 2000-2023 Investor's Business Daily, LLC. Parkev Tatevosian owns shares of Walt Disney. Is United Airlines Playing a Game of Limbo with Its Guidance? (SecondSide/stock.adobe.com). Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Nasdaq How to watch King Charles III's coronation without going to The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Making the world smarter, happier, and richer. However, one of todays biggest movers to the But its shares pulled back from that resistance level. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Those are heavy losses. The business itself is showing strong growth. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Copyright, Trademark and Patent Information. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. What happened. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter Get daily stock ideas from top-performing Wall Street analysts. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. 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. The sportsbook service is integrated with the company's live-TV service on mobile devices. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. Please log in to your account or sign up in order to add this asset to your watchlist. 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 investors have yet to realize that "the emperor has no clothes," the report said. For The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. Identify stocks that meet your criteria using seven unique stock screeners. American Consumer News, LLC dba MarketBeat 2010-2023. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. performed in the Boston Marathon, Seeking Brother Husband season 1 episode 4: How to watch for free (4/16/23), Chivas Guadalajara vs Cruz Azul: times, how to watch on TV and stream online | Clausura 2023, How to watch Manchester City vs. Leicester City: Time, TV channel, free live stream, Cleveland Heights resident to compete on Jeopardy! tonight, How to Watch: Florida gymnastics in NCAA Championships Semifinals, How to watch Celtics vs. Hawks NBA Playoffs Game 1: Live stream info, TV channel, game time, Jersey Shore: Family Vacation season 6, episode 12: How to watch for free (4/13/23), Why Netflix, Roku, and FuboTV Surged Today, Fubo to Announce Q1 2023 Financial Results on May 5, 2023, Tyler Perrys Assisted Living season 4 episode 4: How to watch for free (4/12/23), Tyler Perrys House of Payne season 12 episode 4: How to watch for free on BET (4/12/23), Farmer Wants A Wife season 1 episode 6: How to watch for free (4/12/23), Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. Let's look closer at two reasons the market is concerned about fuboTV. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. That's up from 44.2 million at the same time last year. SOFI stock is exemplifying that today. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) 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. Get market updates, educational videos, webinars, and stock analysis. The Motley Fool recommends fuboTV, Inc. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Learn how to trade stocks like a pro with just 3 email lessons! 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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. 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. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Warner Bros. But the sharp share price increase has also driven the valuation to lofty levels. Indeed, Copyright Note that with more shares outstanding, a company's profits are split more broadly. 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 Can Fubo TV Survive Its Most Recent Slump? On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Making the world smarter, happier, and richer. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. For the quarter, fuboTV lost $106 million on the bottom line. Cost basis and return based on previous market day close. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). 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. With each new subscriber, fuboTV needs to pay media companies like Disney. In a report Tuesday, LightShed Partners slammed FuboTV stock. 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. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 326 E 8th St #105, Sioux Falls, SD 57103 Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. 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. 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! Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. As you might imagine, investors havent been kind to Netflix stock today. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Get short term trading ideas from the MarketBeat Idea Engine. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 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) 2023 InvestorPlace Media, LLC. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. analyst said the $40 stock is only worth $8. Tesla Continues to Defy Expectations, Is it Buyable Again? 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. Want to learn more about investing? Analysts were targeting 927,000 subscribers. That's nearly twice as much as the $72 million it lost in the same time last year. 2. fuboTV's net losses are diluting shareholders. However, some stocks are down worse than others. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. As of Sept. 30, it had 142.5 million shares outstanding. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. 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 To sustain those losses, fuboTV is tapping capital markets and raising money. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Real-time analyst ratings, insider transactions, earnings data, and more. 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.
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