2 Reasons Why fuboTV Stock Crashed After Earnings
fuboTV (NYSE: FUBO) reported third-quarter earnings on Nov. 9 that disappointed investors -- and the stock has since slumped over 25%. The sports streaming substitute for cable TV is gaining traction with consumers, but that's not the problem for investors.
Instead, the issues arise from fuboTV's profit margins -- or lack thereof. It's losing money at a rapid rate and keeps raising capital that is diluting shareholders. Let's look closer at two reasons the market is concerned about fuboTV.
fuboTV's stock crashed after the company posted impressive revenue growth in Q3. Image source: Getty Images.
Source Fool.com
