Get short term trading ideas from the MarketBeat Idea Engine. 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. That's nearly twice as much as the $72 million it lost in the same time last year. *Average returns of all recommendations since inception. 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. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. That's what makes a market, after all. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Can Fubo TV Survive Its Most Recent Slump? The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. For Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. However, one of todays biggest movers to the FUBO News Today | Why did fuboTV stock go up today? But that should come after they have read the other opinions and thought through all the factors making up the growth story. Ownership data provided by Refinitiv and Estimates data provided by FactSet. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. American Consumer News, LLC dba MarketBeat 2010-2023. 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 After spiking more than 400%, the stock has been tumbling the last several trading sessions. 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. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was However, some stocks are down worse than others. contact@marketbeat.com Get daily stock ideas from top-performing Wall Street analysts. Indeed, The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. 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. 2000-2023 Investor's Business Daily, LLC. Invest better with The Motley Fool. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. 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. Making the world smarter, happier, and richer. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. 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. Identify stocks that meet your criteria using seven unique stock screeners. Can Earnings Recharge Electric Vehicle Stocks? Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Why Is Everyone Talking About fuboTV Stock? 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. Learn about the media coverage comparison. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. 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. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. 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. 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. 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. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) With each new subscriber, fuboTV needs to pay media companies like Disney. 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 Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. As you might imagine, investors havent been kind to Netflix stock today. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Export data to Excel for your own analysis. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. 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. Get fuboTV News Delivered to You Automatically. Make more money in stocks with 2 months of access to IBD Digital for only $20! 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 During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. But its shares pulled back from that resistance level. That's based on the midpoint of its outlook. You have already added five stocks to your watchlist. Let's look closer at two reasons the market is concerned about fuboTV. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Real-time analyst ratings, insider transactions, earnings data, and more. Note that with more shares outstanding, a company's profits are split more broadly. To make the world smarter, happier, and richer. This means that fuboTV's share count is rising. *Average returns of all recommendations since inception. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Analysts were targeting 927,000 subscribers. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. 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. (844) 978-6257. 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). In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Bank Failures Widen. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter 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. 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. *Real-time prices by Nasdaq Last Sale. We track news headlines from hundreds of news outlets and tag them by company. But the sharp share price increase has also driven the valuation to lofty levels. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. View which stocks are hot on social media with MarketBeat's trending stocks report. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Authors may own the stocks they discuss. Howard Smith has no position in any of the stocks mentioned. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but Privacy Policy & Terms of Use. In-depth profiles and analysis for 20,000 public companies. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Nasdaq The information and content are subject to change without notice. Cost basis and return based on previous market day close. To sustain those losses, fuboTV is tapping capital markets and raising money. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. However, where investors are raising concern is the cost of that growth. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. As of Sept. 30, it had 142.5 million shares outstanding. But losses continue too, meaning the company may need to raise more money. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Is United Airlines Playing a Game of Limbo with Its Guidance? Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Sign up for free today. 2. fuboTV's net losses are diluting shareholders. Learn how to trade stocks like a pro with just 3 email lessons! Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Realtime quote and/or trade prices are not sourced from all markets. (SecondSide/stock.adobe.com). Fubo is slipping as part of Netflix-induced streaming slump. This morning, Netflix reported its financial results for its fiscal Q1 2022. Parkev Tatevosian owns shares of Walt Disney. 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. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. 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. Warner Bros. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? The business itself is showing strong growth. 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. 2023 InvestorPlace Media, LLC. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. No doubt, that's impressive growth. Get market updates, educational videos, webinars, and stock analysis. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. Our daily ratings and market update email newsletter. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? JPMorgan Rescues First Republic. The Motley Fool has a disclosure policy. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. For the quarter, fuboTV lost $106 million on the bottom line. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. Learn More. Should You Be Too? The Motley Fool has a disclosure policy. That's up from 44.2 million at the same time last year. After spiking more 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. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. SOFI stock is exemplifying that today. Those are heavy losses. Making the world smarter, happier, and richer. Additionally, it has raised $71.8 million by selling shares of its stock to the public. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Revenue and subscribership saw rapid growth in the latest quarter. Why Is Everyone Talking About fuboTV Stock? FuboTV investors have yet to realize that "the emperor has no clothes," the report said. 1125 N. Charles St, Baltimore, MD 21201. 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