Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. 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. 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 On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. LightShed analysts also said that FuboTV is overpaying for sports rights. FUBO 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. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. How to watch King Charles III's coronation without going to Investors who have done the research and believe in the long-term story should consider the drop an opportunity. Why fuboTV Is Down Again Today | The Motley Fool GDC Stock Alert: Why Is GD Culture Group Up 700% Today? 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. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. Get market updates, educational videos, webinars, and stock analysis. With each new subscriber, fuboTV needs to pay media companies like Disney. You have already added five stocks to your watchlist. The business itself is showing strong growth. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. That's nearly twice as much as the $72 million it lost in the same time last year. Ownership data provided by Refinitiv and Estimates data provided by FactSet. In-depth profiles and analysis for 20,000 public companies. Warner Bros. 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! TRENDING: Amazon Leads 5 Stocks Near Buy Points Post-Earnings. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. The sportsbook service is integrated with the company's live-TV service on mobile devices. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Howard Smith has no position in any of the stocks mentioned. To sustain those losses, fuboTV is tapping capital markets and raising money. FuboTV down? Current problems and outages | Downdetector Image source: Getty Images. However, one of todays biggest movers to the Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 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. But its shares pulled back from that resistance level. Identify stocks that meet your criteria using seven unique stock screeners. 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. contact@marketbeat.com Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The information and content are subject to change without notice. Investors who already purchased fubo stock, or those who are looking into it after the recent drop, should read the short report. However, where investors are raising concern is the cost of that growth. As of Sept. 30, it had 142.5 million shares outstanding. We track news headlines from hundreds of news outlets and tag them by company. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. View which stocks are hot on social media with MarketBeat's trending stocks report. 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 News Today | Why did fuboTV stock go up today? Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. But the sharp share price increase has also driven the valuation to lofty levels. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? This means that fuboTV's share count is rising. Our daily ratings and market update email newsletter. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. This morning, Netflix reported its financial results for its fiscal Q1 2022. 2023 NFL Draft live stream: How to watch night 2 online, time The Motley Fool has a disclosure policy. 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. 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. fuboTV Stock Forecast, Price & News (NYSE:FUBO) No doubt, that's impressive 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. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Analysts were targeting 927,000 subscribers. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. That's based on the midpoint of its outlook. 2023 InvestorPlace Media, LLC. 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. 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. Nasdaq That's what makes a market, after all. 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 Tesla Continues to Defy Expectations, Is it Buyable Again? (844) 978-6257. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was Netflixs massive earnings loss has had iterative effects on the market. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. NYSE:FUBO fuboTV - FUBO News Today $1.27 +0.10 (+8.55%) (As of 04/11/2023 03:28 PM ET) Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. FuboTV Stock Falls Despite Better-Than-Expected Subscriber 6, 2023 at 9:55 a.m. Fubo is best known for its live TV offerings, including sports, news and entertainment. 326 E 8th St #105, Sioux Falls, SD 57103 Why fuboTV Stock Dropped Monday | The Motley Fool Export data to Excel for your own analysis. The stock has fallen more than 25% since the earnings announcement. Privacy Policy & Terms of Use. To make the world smarter, happier, and richer. Can Fubo TV Survive Its Most Recent Slump? 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 Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Why Is FUBO Stock Down 10% Today? TradingView News Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders 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. All rights reserved. Get access to free IBD eventsonline & in-person! Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. 2000-2023 Investor's Business Daily, LLC. All rights reserved.
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