The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. Our daily ratings and market update email newsletter. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. 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. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. For the quarter, fuboTV lost $106 million on the bottom line. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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 Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. 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. Authors may own the stocks they discuss. 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. After spiking more than 400%, the stock has been tumbling the last several trading sessions. As of Sept. 30, it had 142.5 million shares outstanding. JPMorgan Rescues First Republic. Making the world smarter, happier, and richer. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Sign up to receive the latest news and ratings for FUBO and its competitors with MarketBeat's FREE daily newsletter. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. In the most recent nine months Copyright The information and content are subject to change without notice. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. What happened. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Get short term trading ideas from the MarketBeat Idea Engine. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! 2023 InvestorPlace Media, LLC. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. 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. The stock has fallen more than 25% since the earnings announcement. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. 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. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. This morning, Netflix reported its financial results for its fiscal Q1 2022. 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. Why Is Everyone Talking About fuboTV Stock? 0.58Average Consumer Discretionary News Sentiment. The same net profit would come to just $0.70 per share with 142.5 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. However, one of todays biggest movers to the *Real-time prices by Nasdaq Last Sale. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? 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. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. The sportsbook service is integrated with the company's live-TV service on mobile devices. This means that fuboTV's share count is rising. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Is United Airlines Playing a Game of Limbo with Its Guidance? Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Learn how to trade stocks like a pro with just 3 email lessons! American Consumer News, LLC dba MarketBeat 2010-2023. 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. Fubo is best known for its live TV offerings, including sports, news and entertainment. 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. *Average returns of all recommendations since inception. Nasdaq On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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. 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. The Motley Fool has a disclosure policy. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter 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. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Privacy Policy & Terms of Use. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. How to watch King Charles III's coronation without going to *Average returns of all recommendations since inception. In a report Tuesday, LightShed Partners slammed FuboTV stock. After bouncing off recent lows, the stock went back down today. contact@marketbeat.com In-depth profiles and analysis for 20,000 public companies. Want to learn more about investing? After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. 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) TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. Export data to Excel for your own analysis. 6, 2023 at 9:55 a.m. Identify stocks that meet your criteria using seven unique stock screeners.
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