why is fubo stock down today

fuboTV Stock Forecast, Price & News (NYSE:FUBO) On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. 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. Why fuboTV Stock Dropped Monday | The Motley Fool 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. Can Fubo TV Survive Its Most Recent Slump? As a result, fuboTV had $398.5 million in cash at the end of its third quarter. FUBO News Today | Why did fuboTV stock go up today? View which stocks are hot on social media with MarketBeat's trending stocks report. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but GDC Stock Alert: Why Is GD Culture Group Up 700% Today? After spiking more than 400%, the stock has been tumbling the last several trading sessions. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. That's based on the midpoint of its outlook. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Get access to free IBD eventsonline & in-person! fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo 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. That's what makes a market, after all. Invest better with The Motley Fool. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Why fuboTV Is Down Again Today | The Motley Fool Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? 2 Reasons Why fuboTV Stock Crashed After Earnings 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) The sportsbook service is integrated with the company's live-TV service on mobile devices. As of Sept. 30, it had 142.5 million shares outstanding. After bouncing off recent lows, the stock went back down today. However, where investors are raising concern is the cost of that growth. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Warner Bros. To make the world smarter, happier, and richer. Learn More. How to watch King Charles III's coronation without going to (844) 978-6257. Authors may own the stocks they discuss. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The Motley Fool has a disclosure policy. 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 After spiking more Instead, the issues arise from fuboTV's profit margins -- or lack thereof. In-depth profiles and analysis for 20,000 public companies. 2023 NFL Draft live stream: How to watch online, time and TV The Motley Fool has a disclosure policy. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! 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. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Make more money in stocks with 2 months of access to IBD Digital for only $20! Those are heavy losses. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. Stock market today: Asian stocks dip on economy worries Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-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. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Export data to Excel for your own analysis. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. All rights reserved. Tesla Continues to Defy Expectations, Is it Buyable Again? FUBO Cost basis and return based on previous market day close. Realtime quote and/or trade prices are not sourced from all markets. The live streaming platform FuboTV (NYSE:FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ:NFLX) recent earnings report. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. 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 Cost basis and return based on previous market day close. Real-time analyst ratings, insider transactions, earnings data, and more. Get daily stock ideas from top-performing Wall Street analysts. Why Analysts expected FuboTV to add 137,000 new subscribers in the third quarter for a total of 817,000 subscribers, according to FactSet. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Why Is FuboTV (FUBO) Stock Down Today? TradingView News 2023 NFL Draft live stream: How to watch night 2 online, time The information and content are subject to change without notice. Fubo is slipping as part of Netflix-induced streaming slump. However, one of todays biggest movers to the Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. *Average returns of all recommendations since inception. In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. But the sharp share price increase has also driven the valuation to lofty levels. It's always beneficial to see both sides of an argument about an investment. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. Fubo is best known for its live TV offerings, including sports, news and entertainment. FuboTV down? Current problems and outages | Downdetector Each headline receives a score ranging from 2 (good news) to -2 (bad news). The stock has fallen more than 25% since the earnings announcement. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Analysts were targeting 927,000 subscribers. 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. Invest better with The Motley Fool. As you might imagine, investors havent been kind to Netflix stock today. Why 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. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. Making the world smarter, happier, and richer. 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. Revenue and subscribership saw rapid growth in the latest quarter. For the quarter, fuboTV lost $106 million on the bottom line. FUBO News Today | Why did fuboTV stock go down See what's happening in the market right now with MarketBeat's real-time news feed. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 2. fuboTV's net losses are diluting shareholders. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) In a report Tuesday, LightShed Partners slammed FuboTV stock. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness.

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