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There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. 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. 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 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. Revenue and subscribership saw rapid growth in the latest quarter. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but To sustain those losses, fuboTV is tapping capital markets and raising money. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. 0.58Average Consumer Discretionary News Sentiment. However, where investors are raising concern is the cost of that growth. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Why fuboTV Is Down Again Today | The Motley Fool After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Realtime quote and/or trade prices are not sourced from all markets. After spiking more The Motley Fool has a disclosure policy. Why Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. 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) quotes delayed at least 15 minutes, all others at least 20 minutes. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Fubo is best known for its live TV offerings, including sports, news and entertainment. So despite fuboTV's impressive revenue growth, the market seems to believe that a positive and growing bottom line remains key. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. However, one of todays biggest movers to the Copyright Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. Get market updates, educational videos, webinars, and stock analysis. Howard Smith has no position in any of the stocks mentioned. After bouncing off recent lows, the stock went back down today. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). To make the world smarter, happier, and richer. 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 Can Fubo TV Survive Its Most Recent Slump? All rights reserved. In the most recent nine months But the sharp share price increase has also driven the valuation to lofty levels. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Why fuboTV Stock Dropped Monday | The Motley Fool We track news headlines from hundreds of news outlets and tag them by company. 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. What happened. Want to learn more about investing? Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. How to watch King Charles III's coronation without going to Authors may own the stocks they discuss. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. Warner Bros. (844) 978-6257. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. This morning, Netflix reported its financial results for its fiscal Q1 2022. Investors who have done the research and believe in the long-term story should consider the drop an opportunity. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. Export data to Excel for your own analysis. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Shreys articles have featured in the likes of Morning Brew, Real Clear Markets, the Downline Podcast, and more. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Why Is FuboTV (FUBO) Stock Down Today? TradingView News Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Learn More. Real-time analyst ratings, insider transactions, earnings data, and more. Get short term trading ideas from the MarketBeat Idea Engine. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. Additionally, it has raised $71.8 million by selling shares of its stock to the public. Make more money in stocks with 2 months of access to IBD Digital for only $20! The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium 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. 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. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. 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. Invest better with The Motley Fool. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. Invest better with The Motley Fool. 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. 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. FUBO All rights reserved. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. Nasdaq In a report Tuesday, LightShed Partners slammed FuboTV stock. 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. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Making the world smarter, happier, and richer. 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. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. 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! That's up from 44.2 million at the same time last year. contact@marketbeat.com 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. 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 Netflix reported losing 200,000 customers in the first quarter, marking the first time the company reported a net loss since 2011. Why FUBO News Today | Why did fuboTV stock go down Why Is FuboTV (FUBO) Stock Down Today? Parkev Tatevosian owns shares of Walt Disney. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, analyst said the $40 stock is only worth $8. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Do Analysts' Price Targets Make Domino's Pizza Stock Look Tasty? Privacy Policy & Terms of Use. Cost basis and return based on previous market day close. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Why That's what makes a market, after all. The Motley Fool recommends fuboTV, Inc. 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