See what's happening in the market right now with MarketBeat's real-time news feed. Please log in to your account or sign up in order to add this asset to your watchlist. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! 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. As a result, fuboTV had $398.5 million in cash at the end of its third quarter. Get these newsletters delivered to your inbox & more info about our products & services. Howard Smith has no position in any of the stocks mentioned. On the date of publication, Shrey Dua did not hold (either directly or indirectly) any positions in the securities mentioned in this article. That's based on the midpoint of its outlook. How to watch King Charles III's coronation without going to However, some stocks are down worse than others. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Is the 149% Dividend for ZIM Integrated Shipping in Jeopardy? The costs are adding up, and in the nine months ended Sept. 30, fuboTV lost $143 million in cash from operations. On Nov. 3, FuboTV launched Fubo Sportsbook, an online betting service, in the U.S., starting with Iowa. 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. With Fed Decision Looming, Economy and Markets Wait Google Stock Concerned About AI? On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. The company had slightly more than 300,000 subscribers in 2019, but it was up to 455,000 paid subscribers as of the quarter ended Sept. 30, representing a 58% gain over the prior-year period. This means that fuboTV's share count is rising. Shares of fuboTV ( FUBO 3.57%) have been on a rollercoaster since the company launched its initial public offering (IPO) in early October. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. LightShed analysts also said that FuboTV is overpaying for sports rights. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. "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. 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. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. The sportsbook service is integrated with the company's live-TV service on mobile devices.
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