Why fuboTV Stock Fell 16.4% in February

Motley Fool2021-03-08

What happened Shares of fuboTV (NYSE:FUBO) fell 16.4% in February, according to data from S&P Global Market Intelligence. The sports-focused streaming company has seen explosive gains since going ...

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Comments

Tan Boon Hup
2021-03-09
Tan Boon Hup
Why ?
Nhk
2021-03-09
Nhk
[驚訝]
Nicoleeeee_
2021-03-08
Nicoleeeee_
Good buy
- Glenna:
  true
BabyGuinness
2021-03-08
BabyGuinness
Any thoughts on this?
Atwosome
2021-03-08
Atwosome
Guidance for sales in the 1st Qtr suggested a sequential revenue decline of roughly 3% at the midpoint of the target, and investors bristled at the forecast. It appears fuboTV stock was also pressured by the announcement of a partnership between DraftKings and Dish Network in the sports betting space.
jTer
2021-03-08
jTer
Good read
- LEEQF:
  Yes! Agree

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The sports-focused streaming company has seen explosive gains since going ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/08/why-fubotv-stock-fell-164-in-february/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FUBO","symbol_name":"fuboTV Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2021/03/08/why-fubotv-stock-fell-164-in-february/","article_id":"2117695859","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2117695859","pubTimestamp":1615213702,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Despite the recent pullback, the sports streaming stock has roughly tripled from its IPO price.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FUBO":"fuboTV Inc."},"translate_title":"2月福博视股价下跌16.4%的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FUBO":0.9},"content_text":"What happened\nShares of fuboTV (NYSE:FUBO) fell 16.4% in February, according to data from S&P Global Market Intelligence. The sports-focused streaming company has seen explosive gains since going public in October, but its stock saw a significant pullback in conjunction with sell-offs for growth-dependent tech stocks last month.\nFUBO data by YCharts\nTech stocks have been very hot over the last year, lifting the overall market to impressive gains despite conditions created by the coronavirus pandemic, but the market's love affair with the sector may be wavering. Significant gains for Treasury bond yields helped kick off a pullback for the broader tech sector last month, and volatility for fuboTV stock has continued early in March.\nImage source: Getty Images.\n\nSo what\nfuboTV's focus on providing a service that's tailored to sports enthusiasts has helped it quickly establish a sizable and valuable customer base, but the company relies on access to content from other broadcasters and getting its platform featured through connected-TV hardware partners. In addition to its subscription streaming segment, the business has a fast-growing advertising unit. It's also making moves to be a player in the online sports-betting space.\nThe company is pursuing some appealing growth opportunities, but its outlook remains speculative, and it's not surprising the stock has been pressured amid recent market volatility.\nNow what\nfuboTV stock has continued to slide in March. The company's share price is down roughly 22.7% in the month so far.\nFUBO data by YCharts\n\nfuboTV stock rose roughly 18.7% across the first two trading days in March, but shares fell following the release of the company's fourth-quarter results and another sell-off for growth-dependent tech stocks.\nSales climbed 83% year over year in Q4 to reach roughly $105.1 million. Paid subscribers rose 73% compared to the prior-year period, hitting nearly 550,000, and average revenue per user soared. 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The streaming specialist is valued at roughly $3.3 billion and is priced at approximately 6.1 times this year's expected sales.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":329207734,"gmtCreate":1615248651728,"gmtModify":1704780046056,"author":{"id":"3570863489388697","authorId":"3570863489388697","name":"Tan Boon Hup","avatar":"https://static.tigerbbs.com/aefb0b8716445957d6db1796c7bc4dd4","vip":1,"crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3570863489388697","idStr":"3570863489388697"},"htmlText":"Why ?","listText":"Why ?","text":"Why ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329207734","repostId":2117695859,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":329203997,"gmtCreate":1615248001819,"gmtModify":1704780036001,"author":{"id":"3572311355235433","authorId":"3572311355235433","name":"Nhk","avatar":"https://static.tigerbbs.com/398b997b5b8e8aedb95ad8d2f0ad0808","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3572311355235433","idStr":"3572311355235433"},"htmlText":"[驚訝]&nbsp;","listText":"[驚訝]&nbsp;","text":"[驚訝]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329203997","repostId":2117695859,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":329801530,"gmtCreate":1615217937220,"gmtModify":1704779774210,"author":{"id":"3558517919108806","authorId":"3558517919108806","name":"Nicoleeeee_","avatar":"https://static.tigerbbs.com/78f418583696aa426e8b70e5d70dc9ac","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3558517919108806","idStr":"3558517919108806"},"htmlText":"Good buy&nbsp;","listText":"Good buy&nbsp;","text":"Good buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329801530","repostId":2117695859,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3746162,"gmtCreate":1615244713629,"gmtModify":1680779614263,"authorId":3570769377369254,"author":{"id":3570769377369254,"idStr":"3570769377369254","authorId":3570769377369254,"name":"Glenna","avatar":"https://static.tigerbbs.com/8cb1540811be40c4d05341502c35498c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329801530,"type":1,"supId":0,"prevId":0,"content":"true","text":"true","html":"true"}],"langContent":"EN"},{"id":329157797,"gmtCreate":1615216630319,"gmtModify":1704779742620,"author":{"id":"3566430460623704","authorId":"3566430460623704","name":"BabyGuinness","avatar":"https://static.tigerbbs.com/5344a9c73cbe4089d07b00bd68a652d4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3566430460623704","idStr":"3566430460623704"},"htmlText":"Any thoughts on this?&nbsp;","listText":"Any thoughts on this?&nbsp;","text":"Any thoughts on this?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329157797","repostId":2117695859,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":329158514,"gmtCreate":1615216418038,"gmtModify":1704779735016,"author":{"id":"3571305152732730","authorId":"3571305152732730","name":"Atwosome","avatar":"https://static.tigerbbs.com/2085a92415ef32924f70d916d490adce","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3571305152732730","idStr":"3571305152732730"},"htmlText":"Guidance for sales in the 1st Qtr&nbsp;suggested a sequential revenue decline of roughly 3% at the midpoint of the target, and investors bristled at the forecast. It appears fuboTV stock was also pressured by the announcement of a partnership between DraftKings and Dish Network in the sports betting space.","listText":"Guidance for sales in the 1st Qtr&nbsp;suggested a sequential revenue decline of roughly 3% at the midpoint of the target, and investors bristled at the forecast. It appears fuboTV stock was also pressured by the announcement of a partnership between DraftKings and Dish Network in the sports betting space.","text":"Guidance for sales in the 1st Qtr suggested a sequential revenue decline of roughly 3% at the midpoint of the target, and investors bristled at the forecast. It appears fuboTV stock was also pressured by the announcement of a partnership between DraftKings and Dish Network in the sports betting space.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329158514","repostId":2117695859,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":329123302,"gmtCreate":1615215817406,"gmtModify":1704779719787,"author":{"id":"3573533783468379","authorId":"3573533783468379","name":"jTer","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3573533783468379","idStr":"3573533783468379"},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329123302","repostId":2117695859,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3746203,"gmtCreate":1615245040598,"gmtModify":1680779616142,"authorId":3572235673675008,"author":{"id":3572235673675008,"idStr":"3572235673675008","authorId":3572235673675008,"name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329123302,"type":1,"supId":0,"prevId":0,"content":"Yes! Agree","text":"Yes! Agree","html":"Yes! Agree"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":31,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2117695859"}