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But its shares pulled back from that resistance level. 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. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Make more money in stocks with 2 months of access to IBD Digital for only $20! 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. 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. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. 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 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 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. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. For the quarter, fuboTV lost $106 million on the bottom line. But the sharp share price increase has also driven the valuation to lofty levels. 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. To make the world smarter, happier, and richer. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. 326 E 8th St #105, Sioux Falls, SD 57103 FuboTV Stock Falls Despite Better-Than-Expected Subscriber Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? fuboTV Inc (FUBO) Stock Price Today, News, Quotes, All rights reserved. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. After spiking more than 400%, the stock has been tumbling the last several trading sessions. Authors may own the stocks they discuss. (844) 978-6257. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. 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(FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. Ownership data provided by Refinitiv and Estimates data provided by FactSet. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. The Motley Fool recommends fuboTV, Inc. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. To sustain those losses, fuboTV is tapping capital markets and raising money. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Indeed, expenses as a percentage of revenue were 165.5%. Cost basis and return based on previous market day close. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Revenue and subscribership saw rapid growth in the latest quarter. Want to learn more about investing? *Average returns of all recommendations since inception. FUBO News Today | Why did fuboTV stock go down Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. To make the world smarter, happier, and richer. Should You Be Too? Why Is Everyone Talking About fuboTV Stock? Why Is Everyone Talking About fuboTV Stock? But losses continue too, meaning the company may need to raise more money. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. 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. The information and content are subject to change without notice. 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. 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. No doubt, that's impressive growth. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. Analysts were targeting 927,000 subscribers. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. That's what makes a market, after all. Copyright contact@marketbeat.com On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. 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. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. (SecondSide/stock.adobe.com). With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. You have already added five stocks to your watchlist. Fubo starts at $75 per month, though Note that with more shares outstanding, a company's profits are split more broadly. Privacy Policy & Terms of Use. We track news headlines from hundreds of news outlets and tag them by company. What happened. However, where investors are raising concern is the cost of that growth. 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. 2023 NFL Draft live stream: How to watch online, time and TV How to watch King Charles III's coronation without going to Indeed, Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 2000-2023 Investor's Business Daily, LLC. 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. This morning, Netflix reported its financial results for its fiscal Q1 2022. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. That's up from 44.2 million at the same time last year. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. 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. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Fubo is best known for its live TV offerings, including sports, news and entertainment. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. 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 6, 2023 at 9:55 a.m. American Consumer News, LLC dba MarketBeat 2010-2023. It's always beneficial to see both sides of an argument about an investment. *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. Is United Airlines Playing a Game of Limbo with Its Guidance? Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Each headline receives a score ranging from 2 (good news) to -2 (bad news). 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For 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. 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). Why Identify stocks that meet your criteria using seven unique stock screeners. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. All rights reserved. As you might imagine, investors havent been kind to Netflix stock today. Invest better with The Motley Fool. "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. 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.