Is Fubo stock a solid long term investment?
Nov 29, 2021 · The company recently expanded into the mobile sports betting market with the launch of the Fubo Sportsbook in Iowa. Even so, the stock is down 60% from its all-time high, due in part to a sharp...
Should you buy Fubo stock?
Apr 12, 2021 · Shares of fuboTV ( FUBO -4.96% ) dropped more than 10% Monday, but pared that decline to end the trading day down 8.5%. Today's drop brings the one-month decline in the stock to more than 36%, as ...
Is Fubo having problems?
Apr 08, 2022 · americanbankingnews.com - April 7 at 2:02 PM. fuboTV (NYSE:FUBO) Shares Down 7.9%. americanbankingnews.com - April 6 at 11:58 AM. Professional Fighters League Challenger Series event flagged for suspicious betting activity after league said fights were pretaped - ABC News. abcnews.go.com - April 6 at 9:14 AM.
Did Fubo drop lifetime?
Dec 17, 2021 · Dec. 16, 2021 5:05 PM ET fuboTV Inc. (FUBO) By: Jason Aycock, SA News Editor 22 Comments. mikkelwilliam/E+ via Getty Images. FuboTV (NYSE: FUBO) fell 5.4% today - and at its lowest points today ...
Why did FuboTV stock drop?
Shares of fuboTV Inc. were off nearly 5% in after-hours trading Wednesday after the streaming company delivered revenue ahead of what it had been expecting when it delivered preliminary results a month earlier but also issued a mixed outlook.Feb 23, 2022
Will FUBO stock recover?
Given the value compression and normalization of growth in the streaming space, we don't think FUBO stock will recover meaningfully in 2022. Instead, it should probably do what it does best in the near term: staying highly volatile with unpredictable movement, with no clear trend bias.Feb 28, 2022
Will FUBO ever be profitable?
FuboTV's future opportunities are enormous, and it has the potential to continue seeing healthy growth momentum for the foreseeable future. For instance, growth in its Sportsbook and global expansion can offset growth in its streaming services.Dec 6, 2021
Is FuboTV a buy or sell?
Is fuboTV stock a buy? The stock has taken a beating -- its price is down 77% in the last year and 33% since the start of 2022. The crash has it selling at a price-to-sales ratio of 2.5, near its lowest ever.Feb 16, 2022
What is the future of Fubo stock?
Stock Price Forecast The 8 analysts offering 12-month price forecasts for Fubotv Inc have a median target of 15.00, with a high estimate of 20.00 and a low estimate of 9.00. The median estimate represents a +169.30% increase from the last price of 5.57.
Is Fubo undervalued?
The average analyst price target among the eight analysts covering FuboTV is $43.50, suggesting about 62.4% upside from current levels. The Verdict: At today's price, FuboTV stock appears to be overvalued based on a sampling of common fundamental valuation metrics.Nov 10, 2021
Will fuboTV survive?
Gandler has described fuboTV as being more like a software company, rather than a cable distributor. Without the large Capex of a cable company, Gandler claims that fuboTV can survive on lower long-term margins, with a goal of reaching 30% gross margin -- we'll find out.Jan 26, 2022
Is fubo TV growing?
FuboTV also reported total revenue of $119.7 million, up 135% year over year thanks to 206% growth in advertising revenue and 131% growth in subscription revenue. The company has now boosted its guidance for full year 2021 revenue to $520-530 million, the midpoint of which represents an increase of 101% year over year.
How big is fuboTV?
FuboTV said it reached record growth in the fourth quarter 2021, surpassing 1.13 million subscribers with $638 million in total revenue for the year....FuboTV.TypePublicTotal assetsUS$859.349 Million (Fiscal Year Ended 31 December 2020)Total equityUS$622.948 Million (Fiscal Year Ended 31 December 2020)13 more rows
Is FUBO stock overvalued?
Not being able to make a profit out of its core operations is an important red flag for any company. Data from Simply Wall Street shows that FUBO stock is overvalued based on its PB Ratio (4.7x) compared to the U.S. Interactive Media and Services industry average (3.3x).Dec 1, 2021
What is Hulu stock?
Since Hulu isn't a publicly-traded company, there is no Hulu stock symbol. That said, because Hulu is owned by Disney (DIS) and Comcast (CMCSA), you can look those tickers up on your broker's website if you want to check out how those two companies are performing.Mar 10, 2022
Is FUBO stock a good buy Zacks?
How good is it? See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
After bouncing off recent lows, the stock went back down today
What happened
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
So what
Shares of fuboTV ( NYSE:FUBO) dropped more than 10% Monday, but pared that decline to end the trading day down 8.5%. Today's drop brings the one-month decline in the stock to more than 36%, as it hovers near lows not seen since last fall. The company began trading publicly in October 2020.
Now what
Since its public debut, fuboTV has traded like a rollercoaster. It was at one point over $60 per share, then back below $30 per share, and has repeated a similar cycle this year. The company is still an unprofitable, high-growth name in the streaming television market, and trades with investor anticipation and speculation.
What Is Up With FuboTV
The most recent significant news from the company was positive for the growth story, as it gained exclusive rights to a major soccer event. Fubo announced its fourth-quarter results in early march, telling investors it crossed the $100 million revenue threshold in a single quarter for the first time.
Where This Leaves FuboTV Stock
First, let’s look carefully at the recent earnings and shareholder letter from FuboTV. The company posted $156.7 million in revenue for the quarter, up 156% year-over-year (YOY). It is also up 19.7% sequentially over Q2 total revenue of $130.9 million.
What To Do With FUBO Stock
The bottom line is that the company is spending a lot of money, or what it calls “strategic investments” in “programming, team, technology, and infrastructure.”
Two Reasons Why Sentiment Has Shifted in a Big Way
As it stands, eight analysts surveyed by Seeking Alpha have an average revenue target of $1.06 billion for 2022. This puts FUBO stock on a forward price-sales (P/S) target metric of 2.8 times. In addition, their average price target is $45.71 per share — or more than 117% higher than today’s price of $21 per share.
Too Little, Too Late
So, why has the market’s view on FuboTV done a 180, with its shift from positive to negative? Chalk it up to two reasons. First, sentiment for i-gaming/sports betting stocks has shifted in recent months
The Bottom Line
It’s unclear why FuboTV’s strategy is facing challenges taking off in popularity. One would think that, with the sports betting trend, atop the cord-cutting trend, its service would face little difficulty grabbing a large share of the 72.6 million households that still have pay TV packages.
About fuboTV
Projected to post losses of $2.10 per share in 2021, and $2.03 per share in 2022, and with its rate of revenue growth expected to decelerate further, it’s no surprise so many are throwing in the towel on this bad bet.
fuboTV (NYSE:FUBO) Frequently Asked Questions
fuboTV, Inc. operates as a digital entertainment company. It focuses on offering consumers a live television (TV) streaming platform for sports, news and entertainment through fuboTV. The company was founded by David Gandler, Alberto Horihuela Suarez and Sung Ho Choi on February 20, 2009 and is headquartered in New York, NY.
FuboTV Stock Drops
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for fuboTV in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock.
FuboTV Stock: 'Emperor Has No Clothes'
On the stock market today, FuboTV stock dropped 23.1% to close at 25.47. During the regular session Tuesday, FuboTV stock slipped 1.6% to close at 33.13.
The Economics Aren't Great
- FuboTV spends more on content and delivery than it generates from subscriber fees. The company generated $184 million in subscription revenue in 2020, but it spent a total of $233 million on subscriber-related expenses and broadcasting expenses, not to mention the rest of the company's operating costs. Advertising revenue improves the picture a bit, but not by all that mu…
The Losses Are Big
- FuboTV reported a net loss of $570 million for 2020. That figure included one-time impairment charges totaling $249 million, but even backing out those charges leaves the company with a gigantic net loss. Given that subscriber costs will rise right along with subscription revenue, profits will likely be hard to come by. FuboTV does report a profitability metric it calls "adjusted c…
Sports Gambling May Not Be A Panacea
- Sports gambling is gaining traction as states legalize online sports betting. New York legalized mobile sports betting earlier this month, for example, although only two companies will be allowed to operate platforms via a bidding process. FuboTV is aiming to leverage its streaming platform to drive sports betting revenue. The company is planning free-to-play predictive games …
Growth, But Not Much Else
- FuboTV is certainly succeeding in winning subscribers, but those subscribers aren't going to produce any profits for the company anytime soon. The sports betting initiative may eventually pay off, but it's far from a guarantee. And FuboTV's penchant for meaningless profitability metrics is, in my mind, a big red flag. FuboTV is still worth around $3 billion, or more than 6 times expect…