The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? Making the world smarter, happier, and richer. Learn about the media coverage comparison. In the most recent nine months FuboTV stock sank more than 20% after the company posted a bigger loss than expected. WebFuboTV Inc. (FUBO) closed at $1.14 in the latest trading session, marking a -1.72% move from the prior day. All rights reserved. On Monday, the stock is off another 11% as of 10:05 a.m. EST, bringing its recent decline to more than 35%. 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. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Article printed from InvestorPlace Media, https://investorplace.com/2022/04/why-is-fubotv-fubo-stock-down-today/. On the positive side, fuboTV saw revenue jump 156% to $157 million in the latest quarter over the year-ago period. Our daily ratings and market update email newsletter. Ahead of Fubos May 5 earnings call it seems investors are preparing for near universal subscriber drops. Identify stocks that meet your criteria using seven unique stock screeners. How to watch King Charles III's coronation without going to Let's look closer at two reasons the market is concerned about fuboTV. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Netflix, was, perhaps as expected, the worse casualty of its earnings call. With each new subscriber, fuboTV needs to pay media companies like Disney. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. But the sharp share price increase has also driven the valuation to lofty levels. Making the world smarter, happier, and richer. To make the world smarter, happier, and richer. 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. That's nearly twice as much as the $72 million it lost in the same time last year. 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. But its shares pulled back from that resistance level. JPMorgan Rescues First Republic. For 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. *Average returns of all recommendations since inception. Image source: Getty Images. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. The information and content are subject to change without notice. Why fuboTV Stock Dropped Today | The Motley Fool Please log in to your account or sign up in order to add this asset to your watchlist. To make the world smarter, happier, and richer. Fubo is our other recommendation here because it has a ton of sports coverage, and all three of the above channels. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but
