Fubo’s shares dropped 13% post-earnings, reflecting investor disappointment primarily driven by cautious outlook and signs of deceleration despite record revenue and adjusted EBITDA milestones.

• Reported record revenue for Q2 2026, supported by the expanded Fubo and Hulu + Live TV offerings.
• Achieved over $100 million in trailing 12-month pro forma adjusted EBITDA, nearing the long-term target.
• Integration initiatives with ESPN and AI-driven features announced, aiming to enhance customer engagement and expand distribution.
• Margins and growth guidance remained cautious, failing to fully reassure investors given the broader market context.
• Minimal incremental churn post loss of NBCU content, but this did not offset concerns about overall growth momentum.