fuboTV Inc.

fuboTV Inc. Earnings Recaps

FUBO Communication Services 3 recaps
Q2 2026 May 7, 2026

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.

Key takeaways
  • 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.
Full recap
Q1 2026 Feb 4, 2026

Fubo's Q1 2026 results highlight the successful integration of Hulu Live, achieving $6.2 billion in pro forma revenue and 6.2 million subscribers, demonstrating robust growth and strategic synergies.

Key takeaways
  • Pro forma revenue totaled $6.2 billion over the past 12 months, establishing Fubo as a significant player in the Pay TV market.
  • The integration of Fubo's ad technology with Disney's ad server is expected to enhance CPM and fill rates significantly.
  • Fubo Sports has seen strong market traction, with strategic partnerships, such as with ESPN, aimed at lowering customer acquisition costs.
  • Record subscriber growth for Fubo's Latino product indicates successful targeting of the Spanish-speaking audience.
  • Content cost efficiencies and flexible pricing strategies are in focus as Fubo navigates upcoming contract renewals with major networks.
Full recap
Q3 2025 Nov 5, 2025

fubo reported strong third-quarter results, highlighted by significant subscriber growth and a strategic business combination with Hulu + Live TV, positioning the company favorably for future expansion.

Key takeaways
  • Achieved 1.63 million paid subscribers in North America, the highest third-quarter count to date, with a notable 1.1% year-over-year increase.
  • Total revenue of $368.6 million, reflecting a 2.3% decline from the previous year, attributed to prior year one-time benefits and ad revenue challenges.
  • Experienced a nearly 50% reduction in churn year-over-year, alongside improved trial conversion rates and reduced marketing spend in a competitive landscape.
  • The completion of the Hulu + Live TV merger creates one of America’s largest live TV streaming services and enhances customer offerings.
  • Positive momentum in advertising demand, indicated by a 36% increase in upfront commitments for the 2025-2026 cycle, with substantial engagement from new advertisers.
Full recap