fuboTV Stock Forecast, Price & News (NYSE:FUBO) Why fuboTV Stock Dropped Monday | The Motley Fool Get fuboTV News Delivered to You Automatically. Shares of fuboTV ( FUBO 4.59%) were falling today after the sports-focused streaming service issued disappointing guidance in its fourth-quarter Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said. 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. Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm. Cost basis and return based on previous market day close. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. Export data to Excel for your own analysis. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Netflix, was, perhaps as expected, the worse casualty of its earnings call. *Average returns of all recommendations since inception. Why Is Everyone Talking About fuboTV Stock? In the most recent nine months ended Sept. 30, the company raised $389.5 million in cash by selling convertible notes. LightShed analysts also said that FuboTV is overpaying for sports rights. Can Fubo TV Survive Its Most Recent Slump? Seamus Power odds to win the 2023 THE PLAYERS Championship, How to watch Basketball Wives episode 18: Time, TV, free live stream, fuboTV Inc. 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How to watch King Charles III's coronation without going to 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. American Consumer News, LLC dba MarketBeat 2010-2023. Ownership data provided by Refinitiv and Estimates data provided by FactSet. The sportsbook service is integrated with the company's live-TV service on mobile devices. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. This means that fuboTV's share count is rising. The firm issuing the short call is LightShed Partners, led by Richard Greenfield. However, one of todays biggest movers to the Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. FuboTV (FUBO) shares tumbled Wednesday even though the sports-focused streaming video service smashed analyst estimates for new subscribers in the third quarter. In fact, streaming services are down across the board today as investors express fear over a potential streaming service slump. The drop gained momentum late last week after an analyst said the $40 stock is only worth $8. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. Fubo is slipping as part of Netflix-induced streaming slump. 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. 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. All rights reserved. In other news, FuboTV announced a deal to buy Molotov, France's leading live-TV streaming platform, for about $190 million. Wall Street had predicted sales of $179.6 million in the fourth quarter, FactSet said. Identify stocks that meet your criteria using seven unique stock screeners. Subscriber-related expenses were 100% of revenue in Q3 last year and 122% two years ago. With each new subscriber, fuboTV needs to pay media companies like Disney. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. 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. performed in the Boston Marathon, Seeking Brother Husband season 1 episode 4: How to watch for free (4/16/23), Chivas Guadalajara vs Cruz Azul: times, how to watch on TV and stream online | Clausura 2023, How to watch Manchester City vs. Leicester City: Time, TV channel, free live stream, Cleveland Heights resident to compete on Jeopardy! tonight, How to Watch: Florida gymnastics in NCAA Championships Semifinals, How to watch Celtics vs. Hawks NBA Playoffs Game 1: Live stream info, TV channel, game time, Jersey Shore: Family Vacation season 6, episode 12: How to watch for free (4/13/23), Why Netflix, Roku, and FuboTV Surged Today, Fubo to Announce Q1 2023 Financial Results on May 5, 2023, Tyler Perrys Assisted Living season 4 episode 4: How to watch for free (4/12/23), Tyler Perrys House of Payne season 12 episode 4: How to watch for free on BET (4/12/23), Farmer Wants A Wife season 1 episode 6: How to watch for free (4/12/23), Here's Why fuboTV Inc. (FUBO) Is a Great 'Buy the Bottom' Stock Now, Zacks Industry Outlook Highlights Warner Bros. 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 Should You Be Too? *Average returns of all recommendations since inception. 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! "The one million subscriber milestone represents an exciting inflection point in our business, with tremendous implications for revenue growth and profitability, particularly given the continued strength of our advertising business," FuboTV Executive Chairman Edgar Bronfman Jr. said in a news release. The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. FuboTV Stock Falls Despite Better-Than-Expected Subscriber
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