The stock has fallen more than 25% since the earnings announcement. 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 What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but FUBO News Today | Why did fuboTV stock go down All rights reserved. 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. Reasonably so, as Netflix has consistently enjoyed user gains of 25 million subscribers per year. 2023 NFL Draft live stream: How to watch night 2 online, time With degrees in economics and journalism, Shrey Dua leverages his ample experience in media and reporting to contribute well-informed articles covering everything from financial regulation and the electric vehicle industry to the housing market and monetary policy. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. Shares of fuboTV (FUBO 9.65%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Ownership data provided by Refinitiv and Estimates data provided by FactSet. The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). But the sharp share price increase has also driven the valuation to lofty levels. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. FuboTV stock sank more than 20% after the company posted a bigger loss than expected. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Sign up to receive the latest news and ratings for FUBO and its competitors with MarketBeat's FREE daily newsletter. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. For instance, a hypothetical $100 million in net profit would come to $2.26 in earnings per share at 44.2 million shares outstanding. See what's happening in the market right now with MarketBeat's real-time news feed. Invest better with The Motley Fool. All rights reserved. The excellent news for fuboTV is that these costs are getting smaller as a percent of revenue as the company grows. 2 Reasons Why fuboTV Stock Crashed After Earnings Want to learn more about investing? 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. American Consumer News, LLC dba MarketBeat 2010-2023. Get these newsletters delivered to your inbox & more info about our products & services.
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