Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. As you might imagine, investors havent been kind to Netflix stock today. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Identify stocks that meet your criteria using seven unique stock screeners. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. Howard Smith has no position in any of the stocks mentioned. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. 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. Warner Bros. To make the world smarter, happier, and richer. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Export data to Excel for your own analysis. Our daily ratings and market update email newsletter. (844) 978-6257. Why Is FUBO Stock Down 10% Today? TradingView News What happened. Revenue and subscribership saw rapid growth in the latest quarter. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. 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. Invest better with The Motley Fool. LightShed analysts also said that FuboTV is overpaying for sports rights. JPMorgan Rescues First Republic. Bank Failures Widen. Why Is Everyone Talking About fuboTV Stock? 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. 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. Ownership data provided by Refinitiv and Estimates data provided by FactSet. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. That's nearly twice as much as the $72 million it lost in the same time last year. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. FUBO Privacy Policy & Terms of Use. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. It's always beneficial to see both sides of an argument about an investment. Cost basis and return based on previous market day close. How to watch King Charles III's coronation without going to What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but Learn More. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Learn More. The Motley Fool has a disclosure policy. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. *Real-time prices by Nasdaq Last Sale. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. The sportsbook service is integrated with the company's live-TV service on mobile devices. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. 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). Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! That's based on the midpoint of its outlook. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. FuboTV down? Current problems and outages | Downdetector Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Is United Airlines Playing a Game of Limbo with Its Guidance? 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. 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 To make the world smarter, happier, and richer. Authors may own the stocks they discuss. SOFI stock is exemplifying that today. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Make more money in stocks with 2 months of access to IBD Digital for only $20! 2023 NFL Draft live stream: How to watch night 2 online, time Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. Image source: Getty Images. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. As a result, fuboTV had $398.5 million in cash at the end of its 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. 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. 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. 0.58Average Consumer Discretionary News Sentiment. 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. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. 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. Why Is FuboTV (FUBO) Stock Down Today? TradingView News All rights reserved. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Note that with more shares outstanding, a company's profits are split more broadly. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was 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 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. 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.
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