Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. 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. American Consumer News, LLC dba MarketBeat 2010-2023. fuboTV Inc (FUBO) Stock Price Today, News, Quotes, This means that fuboTV's share count is rising. fuboTV (FUBO 9.65%) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. Let's look closer at two reasons the market is concerned about fuboTV. Why Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. After the quarter ended, FuboTV crossed the milestone of 1 million subscribers. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. 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That's based on the midpoint of its outlook. Get these newsletters delivered to your inbox & more info about our products & services. Cost basis and return based on previous market day close. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. All rights reserved. Privacy Policy & Terms of Use. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Revenue and subscribership saw rapid growth in the latest quarter. Yet again, thats set to come in below analysts revenue estimate of $88.29 million for the period. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! To see all exchange delays and terms of use please see Barchart's disclaimer. The Motley Fool has a disclosure policy. Learn how to trade stocks like a pro with just 3 email lessons! Unfortunately, Netflix managed to fall behind even bearish forecasts for its earnings. The live streaming platform FuboTV (NYSE: FUBO) is suffering losses today seemingly as a reaction to Netflixs (NASDAQ: NFLX) recent earnings report. That's up from 44.2 million at the same time last year. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. For the current quarter, FuboTV forecast revenue of $207.5 million, up 97% year over year. But that should come after they have read the other opinions and thought through all the factors making up the growth story. Want to learn more about investing? The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. Sign up for free today. *Average returns of all recommendations since inception. fuboTV Inc. (FUBO) Latest Stock News & Headlines - Yahoo 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. All rights reserved. Get 30 Days of MarketBeat All Access Free, By creating a free account, you agree to our. Learn More. 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. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Why 326 E 8th St #105, Sioux Falls, SD 57103 What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but The same net profit would come to just $0.70 per share with 142.5 million shares outstanding. Should You Be Too? Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. fuboTV Stock Forecast, Price & News (NYSE:FUBO) Why fuboTV Stock Dropped Today | The Motley Fool 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. Is United Airlines Playing a Game of Limbo with Its Guidance? Indeed, Making the world smarter, happier, and richer. *Average returns of all recommendations since inception. ET on Zacks.com fuboTV Inc. (FUBO) Loses -33.93% in 4 Weeks, Netflixs massive earnings loss has had iterative effects on the market. Among those leading the decline is FuboTV (NYSE:FUBO), sinking on news that the streaming platform was (844) 978-6257. Our daily ratings and market update email newsletter. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. analyst said the $40 stock is only worth $8. FuboTV down? Current problems and outages | Downdetector Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday.