Can Fubo TV Survive Its Most Recent Slump? Investors have been holding their breath as analysts forecasted a second potentially detrimental quarter for one of the original streaming services. 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. "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. 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. The business itself is showing strong growth. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? FuboTV Stock Falls Despite Better-Than-Expected Subscriber The Motley Fool has a disclosure policy. fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Get these newsletters delivered to your inbox & more info about our products & services. Netflix, was, perhaps as expected, the worse casualty of its earnings call. Get access to free IBD eventsonline & in-person! The Motley Fool has a disclosure policy. All rights reserved. In the most recent nine months 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. SOFI stock is exemplifying that today. After bouncing off recent lows, the stock went back down today. 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. But its shares pulled back from that resistance level. As you might imagine, investors havent been kind to Netflix stock today. Stock market today: Asian stocks dip on economy worries 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. You have already added five stocks to your watchlist. NFLX stock is down nearly 40% this morning as investors consider the implications of a reversal of streaming service popularity. There is little direct news related to Fubo this morning, so the companys drop is likely attributable to Netflixs recent report. The Motley Fool owns shares of and recommends Walt Disney and fuboTV, Inc. Warner Bros. FUBO
Tulsa City Council Salary,
Bungee Fitness Training Near Me,
Insurance Agency Producer Commission Split,
Declaration Over Tithes And Offerings,
Pam Shriver Surgery,
Articles W
