Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. (844) 978-6257. But its shares pulled back from that resistance level. Why fuboTV Is Down Again Today | The Motley Fool 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 sportsbook service is integrated with the company's live-TV service on mobile devices. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter The information and content are subject to change without notice. For context, despite concerns of waning demand, Wall Street still expected Netflix to experience a net gain of around 2.5 million customers. 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. Want to learn more about investing? The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. 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) Indeed, expenses as a percentage of revenue were 165.5%. 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 Why fuboTV Stock Dropped Today | The Motley Fool Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. That's based on the midpoint of its outlook. Its another down day for the stock market, with most major indices losing around 1% as of early afternoon trading. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Invest better with The Motley Fool. 326 E 8th St #105, Sioux Falls, SD 57103 2023 NFL Draft live stream: How to watch night 2 online, time Export data to Excel for your own analysis. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. FUBO News Today | Why did fuboTV stock go down Please log in to your account or sign up in order to add this asset to your watchlist. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. Fubo starts at $75 per month, though It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Let's look closer at two reasons the market is concerned about fuboTV. Instead, the issues arise from fuboTV's profit margins -- or lack thereof. FUBO Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. FuboTV expects to end the year with 1.06 million to 1.07 million subscribers. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Netflixs massive earnings loss has had iterative effects on the market. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. fuboTV Stock Forecast, Price & News (NYSE:FUBO) Why For the quarter, fuboTV lost $106 million on the bottom line. FuboTV Stock Falls Despite Better-Than-Expected Subscriber 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 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 Realtime quote and/or trade prices are not sourced from all markets. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Authors may own the stocks they discuss. 2. fuboTV's net losses are diluting shareholders. Fubo is best known for its live TV offerings, including sports, news and entertainment. The stock has fallen more than 25% since the earnings announcement. All rights reserved. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo 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. Why The Motley Fool has a disclosure policy. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. SOFI stock is exemplifying that today. Invest better with The Motley Fool. Why Is FuboTV (FUBO) Stock Down Today? Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. View which stocks are hot on social media with MarketBeat's trending stocks report. On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 in the year-earlier period. How to watch King Charles III's coronation without going to Parkev Tatevosian owns shares of Walt Disney. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Additionally, the company projects it will drop an additional 2 million customers in Q2 of this year. To see all exchange delays and terms of use please see Barchart's disclaimer. 1125 N. Charles St, Baltimore, MD 21201. After bouncing off recent lows, the stock went back down today. Howard Smith has no position in any of the stocks mentioned. The business itself is showing strong growth. 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. 2023 InvestorPlace Media, LLC. But losses continue too, meaning the company may need to raise more money. All rights reserved. You have already added five stocks to your watchlist. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. FuboTV investors have yet to realize that "the emperor has no clothes," the report said. In the most recent nine months To make the world smarter, happier, and richer. Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now Apr. Cost basis and return based on previous market day close. 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. Learn how to trade stocks like a pro with just 3 email lessons! With each new subscriber, fuboTV needs to pay media companies like Disney. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. Real-time analyst ratings, insider transactions, earnings data, and more. FuboTV down? Current problems and outages | Downdetector In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. 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. 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. 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). Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but JPMorgan Rescues First Republic. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. 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. analyst said the $40 stock is only worth $8. Warner Bros. Get fuboTV News Delivered to You Automatically. Bank Failures Widen. Nasdaq No doubt, that's impressive growth. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Learn More. The Motley Fool recommends fuboTV, Inc. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Simply Wall St. Great news for fuboTV Inc. (NYSE:FUBO): Insiders For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. Is United Airlines Playing a Game of Limbo with Its Guidance? That's what makes a market, after all. 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.