fuboTV Inc. ($FUBO) Stock Forecast: Down 12.5% Today

What is fuboTV Inc.?

FuboTV Inc. (NYSE: FUBO) announced robust fiscal third-quarter 2024 results.

Why is fuboTV Inc. going down?

FUBO stock is down 12.5% on Nov 1, 2024 13:45

• Strong earnings, sales growth, and a rise in subscribers were reported.
• However, the stock faced a bearish trend.
• The market reaction could stem from investors taking profits following a premarket surge.
• There may have been higher growth expectations, prompting a sell-off despite positive results.
• The stock's decline could also be influenced by general market conditions or sector-related issues impacting FUBO.

FUBO Price Chart

FUBO Technical Analysis

FUBO News

FuboTV Q3 Earnings: Subscribers Grow 9% To 1.61 Million, Narrows EPS Loss, Raises Annual Outlook - FuboTV ( NYSE:FUBO )

FuboTV Inc.'s FUBO stock traded higher in the premarket session after it reported fiscal third-quarter 2024 results. Sales of the sports-first live TV streaming platform grew 20.1% year over year to $386.21 million, beating the analyst consensus estimate of $376.77 million.

https://www.benzinga.com/news/earnings/24/11/41685125/fubotv-q3-earnings-subscribers-grow-9-to-1-61-million-narrows-eps-loss-raises-annual-outlook

Trending Today

Aptos ($APT) Crypto Forecast: Up 5.1% Today

XRP ($XRP) Crypto Forecast: Up 8.2% Today

Axie Infinity ($AXS) Crypto Forecast: Up 8.8% Today

Cardano ($ADA) Crypto Forecast: Up 22.7% Today

Dogecoin ($DOGE) Crypto Forecast: Up 9.1% Today

Kusama ($KSM) Crypto Forecast: Up 13.5% Today

Bonk ($BONK) Crypto Forecast: Down 6.2% Today

Pepe ($PEPE) Crypto Forecast: Down 5.1% Today

Shiba Inu ($SHIB) Crypto Forecast: Up 7.7% Today

Uniswap ($UNI) Crypto Forecast: Up 9.3% Today

fuboTV Inc. Price History

16.07.2024 - FUBO Stock was up 5.0%

• FuboTV's partnership with Amazon to launch Fubo Sports Network on Prime Video Channels in Canada has expanded its reach and accessibility to a wider audience.
• The addition of Fubo Sports Network to Prime Video Channels in Canada provides more exposure for the sports network, potentially attracting new subscribers and increasing viewership.
• This strategic move could have positively impacted investor sentiment towards FuboTV, leading to a bullish market movement as investors anticipate potential growth and increased revenue opportunities for the company.

22.07.2024 - FUBO Stock was up 5.1%

• FUBO stock saw a significant increase following a key legal victory against Venu Sports, a competitor, which decreased risk perception and boosted investor confidence.
• Positive market reactions to the injunction win suggest that FUBO's strategic decisions are resonating well with investors.
• The CEO's statements on consumer choice in the joint-venture with Venu struck a chord with investors, showcasing FUBO's consumer-centric approach and potential to attract more users.
• Today's market movements for FUBO are influenced by these legal triumphs and the company's proactive positioning in the competitive streaming industry, solidifying its position as a key player in the market.

30.08.2024 - FUBO Stock was down 5.9%

• FUBO recently introduced a new Multiview feature on select Roku devices, but this did not result in a stock price increase.
• The market may have had higher expectations regarding the impact of this new feature on the stock.
• The decrease in FUBO stock value could be attributed to traders taking profits after benefiting from the stock's previous upward trend.
• External factors or market conditions may have played a role in overshadowing the positive news, leading to the stock's decline.

01.10.2024 - FUBO Stock was down 12.5%

• Strong earnings, sales growth, and a rise in subscribers were reported.
• However, the stock faced a bearish trend.
• The market reaction could stem from investors taking profits following a premarket surge.
• There may have been higher growth expectations, prompting a sell-off despite positive results.
• The stock's decline could also be influenced by general market conditions or sector-related issues impacting FUBO.

23.07.2024 - FUBO Stock was up 5.3%

• FuboTV's bullish movement today can be attributed to the launch of BKFC TV, the first free ad-supported streaming TV channel from Bare Knuckle Fighting Championship. This move is likely to attract more combat sports fans to the platform, increasing its user base and revenue potential.
• The reduced risk assessment from Roth/MKM could have also positively influenced investor sentiment towards FuboTV, contributing to the bullish market movement.
• Winning a crucial injunction against major streaming giants like Walt Disney, Fox News, and Warner Bros might have boosted investor confidence in FuboTV's competitive position in the streaming industry, leading to increased buying interest in the stock.
• The CEO's comments on the Venu joint-venture and the injunction outcome might have provided further clarity and reassurance to investors, reinforcing their positive outlook on FuboTV's growth prospects.

20.07.2024 - FUBO Stock was down 11.7%

• FUBO stock dropped significantly following a key injunction win against major streaming giants such as Walt Disney, Fox News, and Warner Bros. The unexpected legal success may have raised concerns about future partnerships and revenue streams for the company.
• Investor uncertainty and skepticism may have been exacerbated by the CEO's remarks regarding the sidelined Venu joint-venture, contributing to the bearish market activity.
• Despite the positive development of securing a preliminary injunction against Venu Sports, the market's response appears to have been overshadowed by other factors, resulting in a notable decline in FUBO stock.
• The market's overall sentiment towards FUBO could have been impacted by broader market dynamics and investor responses to news concerning competitors like Disney, Fox, and Warner Bros.

19.07.2024 - FUBO Stock was down 4.0%

• The stock experienced a significant decline despite recent positive news about winning a preliminary injunction against a sports streaming joint venture involving major industry players like Disney, Fox, and Warner Bros.
• The bearish movement could be attributed to profit-taking by investors who may have initially bought the stock on the news of the legal victory.
• The market might be reacting to broader industry trends or concerns about FuboTV's ability to maintain a competitive edge in the streaming landscape despite legal wins.
• Investors may also be reassessing the impact of the halted joint venture on FuboTV's long-term growth prospects, leading to the bearish market movement.

19.07.2024 - FUBO Stock was up 8.3%

• FUBO stock experienced a bullish movement likely due to the positive news of winning a preliminary injunction against The Walt Disney Company, FOX Corp., and Warner Bros. Discovery's joint venture, Venu Sports. This legal victory could be seen as a significant win for FUBO, boosting investor confidence in the company's competitive position in the sports streaming market.
• The delay in the launch of the sports streaming venture by ESPN, Fox, and Warner Bros Discovery due to the antitrust lawsuit filed by FuboTV might have also contributed to the bullish sentiment surrounding FUBO stock. Investors may view this delay as a potential opportunity for FUBO to strengthen its market presence without facing immediate competition from the major players.
• The availability of Fubo Sports Network on Prime Video Channels in Canada could have also added to the positive sentiment around FUBO stock, showcasing the company's expansion efforts and increasing accessibility to its sports content, which could attract more subscribers and drive revenue growth.

13.08.2024 - FUBO Stock was up 5.1%

• The recent increase in FUBO stock price is possibly due to investors' positive outlook on the upcoming trial involving Fox, Warner, and Disney.
• If successful in the lawsuit, FuboTV could strengthen its position in the streaming market and attract a larger subscriber base.
• This legal development likely enhanced investor trust in FuboTV's competencies to overcome obstacles and effectively compete in the streaming sector, contributing to the recent bullish market trend.

17.06.2024 - FUBO Stock was up 8.3%

• FUBO stock displayed significant bullish momentum.
• The market's positive reaction could be linked to FUBO's performance or growth outlook.
• Speculations suggest that the launch of a new cybersecurity service by BlackBerry positively impacted investor sentiment, reflecting in a bullish trend in FUBO stock.
• Favorable investor views on the cybersecurity sector may have influenced the positive outlook on tech stocks like FUBO.

07.07.2024 - FUBO Stock was up 5.8%

• FUBO stock surged significantly after the company reported strong fiscal second-quarter 2024 results, with sales growing by 25% year-over-year and beating analyst estimates.
• The company's adjusted EPS loss was better than expected, indicating improved financial performance compared to the same period last year.
• FuboTV's focus on delighting users with flexible bundle options and a Super Aggregation strategy seems to have resonated well with investors, leading to increased confidence in the company's future success.
• The positive earnings report and guidance updates provided by FuboTV likely fueled investor optimism and contributed to the bullish movement in the stock price today.

08.07.2024 - FUBO Stock was down 7.0%

• Despite strong revenue growth and improved profitability in Q2 2024, FuboTV stock experienced a bearish movement.
• The better-than-expected adjusted EPS and revenue were overshadowed by the overall market sentiment or potential profit-taking by investors.
• The bearish movement could also be influenced by broader market conditions or investor reactions to the positive results not meeting heightened expectations.
• Investors may have been more focused on the negative performance of Jumia Technologies (JMIA) stock, leading to a spillover effect on FuboTV's stock.