The bulk of those costs was subscriber-related expenses (at 91.5% of revenue). Our daily ratings and market update email newsletter. All rights reserved. FUBO News Today | Why did fuboTV stock go up today? 2. fuboTV's net losses are diluting shareholders. On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. Indeed, FUBO stock is down more than 7% this morning as investors digest a worse-than-expected earnings call from Netflix. It's always beneficial to see both sides of an argument about an investment. Get short term trading ideas from the MarketBeat Idea Engine. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Shares of the pharmaceutical giant AbbVie ( ABBV 1.51%) fell by as much as 9% in early morning trading Thursday. Asian shares are trading mostly lower as worries about the health of global economies grew after a tumble on Wall Street, despite some better-than-expected During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13. Revenue and subscribership saw rapid growth in the latest quarter. Fubo starts at $75 per month, though Want to learn more about investing? The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors. Learn More. Making the world smarter, happier, and richer. Parkev Tatevosian owns shares of Walt Disney. 2 Reasons Why fuboTV Stock Crashed After Earnings 5 Hypergrowth Stocks With 10X Potential in 2023, Even if Block Beats on Earnings, Stay Away From SQ Stock, Louis Navellier and the InvestorPlace Research Staff, Rare Stock Indicators Show the Market Is About to Skyrocket, Ideanomics (IDEX) Stock Surges 90% Ahead of Possible Delisting. Get these newsletters delivered to your inbox & more info about our products & services. Bank Failures Widen. What happened Shares of fuboTV ( FUBO -3.97%) dropped more than 10% Monday, but 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. How to watch King Charles III's coronation without going to Get access to free IBD eventsonline & in-person! But the sharp share price increase has also driven the valuation to lofty levels. FuboTV outages reported in the last 24 hours This chart shows a view of problem reports submitted in the past 24 hours compared to the typical volume of
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