Shares of fuboTV Inc. (FUBO) plummeted 6.82% during intraday trading on Thursday, significantly underperforming the broader market.

The sharp decline follows continued pressure from the company's first-quarter 2026 financial results, which showed a loss per share despite a revenue beat. Investor sentiment has been further dampened by management's decision to stop providing forward guidance and the announcement of a planned reverse stock split with a ratio between 1-for-8 and 1-for-12.

The stock's downturn also aligns with a weaker overall market session, though FuboTV's decline far exceeded the broader indices. The stock continues to trade near its 52-week low and remains below all key moving averages, reflecting sustained bearish sentiment.