Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders This means that fuboTV's share count is rising. Export data to Excel for your own analysis. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. 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. Fubo is slipping as part of Netflix-induced streaming slump. Note that with more shares outstanding, a company's profits are split more broadly. 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. However, where investors are raising concern is the cost of that growth. Copyright, Trademark and Patent Information. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. 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. Howard Smith has no position in any of the stocks mentioned. 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. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. The business itself is showing strong growth. But the sharp share price increase has also driven the valuation to lofty levels. 1125 N. Charles St, Baltimore, MD 21201. In a report Tuesday, LightShed Partners slammed FuboTV stock. 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. Privacy Policy & Terms of Use. To make the world smarter, happier, and richer. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Invest better with The Motley Fool. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. Sign up for free today. In the most recent nine months For the quarter, fuboTV lost $106 million on the bottom line. 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. 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. Bank Failures Widen. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. No doubt, that's impressive growth. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Indeed, expenses as a percentage of revenue were 165.5%. All rights reserved. 2. fuboTV's net losses are diluting shareholders. All rights reserved. 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. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. With each new subscriber, fuboTV needs to pay media companies like Disney. (844) 978-6257. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. 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. Want to learn more about investing? contact@marketbeat.com Get short term trading ideas from the MarketBeat Idea Engine. After bouncing off recent lows, the stock went back down today. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Fubo is best known for its live TV offerings, including sports, news and entertainment. Realtime quote and/or trade prices are not sourced from all markets. 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. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? That's based on the midpoint of its outlook. JPMorgan Rescues First Republic. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Image source: Getty Images. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. 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. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. MULN Stock Alert: UNC Charlotte Orders Mullen Vans, Stock Market Crash Alert: Mark Your Calendars for May 3. 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 Discovery (NASDAQ:WBD), Roku (NASDAQ:ROKU) and Disney (NYSE:DIS) are all well in the red today. 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. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Analysts were targeting 927,000 subscribers. How to watch King Charles III's coronation without going to Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. "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. The Motley Fool has a disclosure policy. Can Earnings Recharge Electric Vehicle Stocks? Revenue and subscribership saw rapid growth in the latest quarter. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Fubo starts at $75 per month, though Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. 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. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? 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. 2000-2023 Investor's Business Daily, LLC. Get access to free IBD eventsonline & in-person! In-depth profiles and analysis for 20,000 public companies. 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. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Learn More. *Average returns of all recommendations since inception. (SecondSide/stock.adobe.com). Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. Should You Be Too? Those are heavy losses. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. Parkev Tatevosian owns shares of Walt Disney. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. 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. But its shares pulled back from that resistance level. Learn how to trade stocks like a pro with just 3 email lessons! Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. But losses continue too, meaning the company may need to raise more money. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. Nasdaq 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 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. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Why Is Everyone Talking About fuboTV Stock? 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! 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. However, some stocks are down worse than others. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 6, 2023 at 9:55 a.m. Warner Bros. See what's happening in the market right now with MarketBeat's real-time news feed. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. That's nearly twice as much as the $72 million it lost in the same time last year. As of Sept. 30, it had 142.5 million shares outstanding. LightShed analysts also said that FuboTV is overpaying for sports rights. Learn about the media coverage comparison. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. Tesla Continues to Defy Expectations, Is it Buyable Again? 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. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Could Government Drug-Price Negotiations Sound The Death Knell For Biotech Stocks? Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. 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. 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. Identify stocks that meet your criteria using seven unique stock screeners. 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