Streetbeat News

FUBO

fuboTV Inc.

https://www.fubo.tv

Industry

Broadcasting

fuboTV Inc. operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.

Open

2.99

Mkt cap

1.1B

Volume

13M

High

3.18

P/E Ratio

-5.89

52-wk high

6.45

Low

2.97

Div yield

N/A

52-wk low

1.10

U.S. stocks closed higher with the Nasdaq hitting a record high, driven by investor optimism following the PCE report. Hayward Holdings surged 13% after strong Q4 results, while Snowflake fell 18% due to its financial update and CEO transition. The PCE inflation rate slightly eased, and jobless claims rose. Sectors like communication services and IT saw significant gains, except healthcare and consumer staples. Investors await earnings from Plug Power, EchoStar, and fuboTV.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 6:54 am

fuboTV Inc. (NYSE:FUBO) is anticipated to report a narrower Q4 loss before the opening bell on March 1, 2024, with analysts expecting a loss of 31 cents per share compared to last year's 76 cents. Revenue is projected at $397.66 million, up from $319.31 million. Additionally, fuboTV has filed a lawsuit to prevent Fox Corp (NASDAQ:FOX), Walt Disney Co (NYSE:DIS), and Warner Bros. Discovery Inc (NASDAQ:WBD) from launching a joint venture sport-streaming platform. fuboTV shares rose 1.5% to $2.07 recently.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 4:41 am

FuboTV (NYSE:FUBO) is scheduled to release its quarterly earnings report on March 1, 2024, with analysts expecting an EPS of $-0.31. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares are currently trading at $2.04, up 23.67% over the last year. Investors are looking for not just an earnings beat but also positive guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 2:00 pm

Wedbush analyst Michael Pachter reiterates an Outperform rating on FuboTV (NYSE:FUBO) and maintains a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 2:58 pm

FuboTV (NYSE:FUBO) has been analyzed by 4 analysts, showing a mix of bullish to indifferent ratings. The average 12-month price target is now $4.00, up 23.08% from $3.25. Analysts from Wedbush, Roth MKM, Cantor Fitzgerald, and Needham have provided updates, with price targets ranging from $2.00 to $5.00. FuboTV, a sports-first live TV streaming company, shows a positive revenue trend with a 42.64% growth rate but trails behind industry peers. Its net margin and ROE indicate challenges in financial health and equity utilization.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

Wedbush analyst Michael Pachter reiterates an Outperform rating on FuboTV (NYSE:FUBO) and maintains a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:27 pm

FuboTV Inc. has filed a lawsuit to prevent Fox Corp, Walt Disney Co, and Warner Bros. Discovery Inc from launching a joint venture sport-streaming platform, alleging anti-competitive practices and above-market pricing. The suit claims these companies have historically bundled sports content with less desirable content, forcing consumers to overpay. Following the lawsuit's announcement, shares of Disney, Warner Bros. Discovery, and Fox experienced declines, while FuboTV's shares also dropped.

Portfolio Pulse from Erica Kollmann

February 20, 2024 | 10:47 pm

FuboTV has initiated legal action to prevent ESPN, Warner, and Fox Sports from launching a joint streaming service, as reported by the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 8:03 pm

FuboTV Inc. (NYSE:FUBO) shares experienced a slight increase in premarket trading on Thursday, following a significant drop of over 22% on Wednesday due to a collaboration announcement between Fox Corporation (NASDAQ:FOX), Walt Disney Company (NYSE:DIS), and Warner Bros. Discovery, Inc. (NASDAQ:WBD). FuboTV issued a cautionary statement regarding the deal's potential to impact fair market competition, expressing concerns over consumer interests. Analysts from Needham and Cantor Fitzgerald highlighted the joint venture as a negative development for FuboTV, with potential to replicate FuboTV's offerings.

Portfolio Pulse from Nabaparna Bhattacharya

February 08, 2024 | 10:57 am

FuboTV shares are trading lower following the announcement of a joint venture by ESPN, Fox, and Warner Bros. Discovery to launch a new streaming sports service in the U.S. This development introduces significant competition for FuboTV in the sports streaming market.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 8:29 pm

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