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what it is
It streams live sports and TV, then sells ads around that audience.
how it gets paid
Last year Fubotv made $402M in revenue.
why growth slowed
Revenue fell 75.2% last year. The -$0.02 loss beat the -$0.10 estimate by 80.0%.
what just happened
Revenue hit $1.5B, and EPS beat by 80% with a smaller-than-expected loss.
At a glance
B balance sheet — gets the job done, barely
30/100 earnings predictability — expect surprises
4.8x trailing p/e — the market's not buying it — or you found a deal
-$0.54 fy2024 eps est
$2B fy2026 rev est
xvary composite: 39/100 — weak
What they do
It streams live sports and TV, then sells ads around that audience.
You are paying for live sports, and that habit is sticky. The combined company says it has nearly 6 million subscribers and more than 55,000 live sporting events. Leaving means your login, your watchlist, and your game schedule all move at once.
How they make money
$402M
annual revenue · revenue declined -75.2% last year
total revenue
$402M
75.2%
The products that matter
live tv streaming bundle
fuboTV core service
6.2M domestic subs
it is the scale bet. Subscriber growth averaged 48.8% vs. prior year across the last two years, but the company still loses money. Growth alone has not fixed the unit economics.
scale bet
monthly subscriber revenue
Subscription revenue
$1.1B · 73% of revenue mix shown here
this is the core engine. It grew 40% last year, which is strong. The quiet part: content costs can eat that growth just as fast.
main engine
strategic scale transaction
Hulu + Live TV combination
post-merger integration under review
management wants better bargaining power on programming. The DOJ probe means the biggest lever in the story is not fully in the company's control, and $60M–$100M of projected revenue is tied to that outcome.
regulatory hinge
Key numbers
$402M
annual revenue
This is the size of the business before the merger math gets fancy. You still care because the company is small enough for one bad year to matter.
48.7%
operating margin
This means the company loses almost half of sales before interest and taxes. That is a cash drain, not a business trophy.
$217M
long-term debt
Debt this size can crowd out fixes. You do not want a streaming story that also needs a lender story.
70%
Disney stake
Disney controls 70% of the combined company. That is not a partnership, that is a power imbalance with a logo.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 4 — safer than 20% of stocks
- price stability 5 / 100
- long-term debt $217M (12% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for FUBO right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $1.5B, and EPS beat by 80% with a smaller-than-expected loss.
The latest quarter benefited from the combined business after the Disney transaction closed. Revenue rose 40% vs. prior year, while the loss per share came in at -$0.02 versus a -$0.10 estimate.
$1.5B
revenue
-$0.02
eps
13%
gross margin
the number that mattered
The -$0.02 loss beat the -$0.10 estimate by 80.0%, which is the cleanest win in a quarter that still lost money.
source: company earnings report, 2026
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What could go wrong
the #1 risk is DOJ action on the disney/hulu live tv combination. That deal is the proposed fix for scale, and FUBO's core problem is a scale business that still burns cash.
high
DOJ antitrust probe
The Disney/Hulu transaction sits under regulatory review, and management's scale case depends on that combination improving bargaining power.
If the deal is blocked or heavily constrained, $60M–$100M of projected revenue is exposed and the main strategic fix weakens immediately.
high
persistent cash burn
Latest twelve-month free cash flow is about -$324M. That means the business is still consuming cash while asking investors to be patient on scale.
At that burn rate, time matters. If operating losses do not narrow, financing risk moves from background concern to immediate issue.
med
content cost inflation
Sports rights and programming costs rise regularly, and FUBO does not own the content it must pay for.
Revenue can grow 40% and still not translate into durable profitability if those programming costs keep climbing.
med
integration without payoff
A 6.2M-subscriber platform sounds better than a smaller one. It only matters if the combined operation gets cheaper to run or stronger in negotiating carriage fees.
If scale arrives without better unit economics, investors get a larger revenue number and the same old business quality.
A roughly $2B company with a $324M annual cash burn is betting heavily that regulatory clearance and scale can fix economics that scale has not fixed yet.
source: institutional data · regulatory filings · risk analysis
Pay attention to
regulatory
DOJ decision path
The Disney/Hulu review is the highest-stakes variable on the page. It affects scale, projected revenue, and the broader turnaround narrative.
cash
free cash flow trend
Watch whether the roughly -$324M annual free cash flow figure starts improving. That is the cleanest test of whether growth is becoming usable economics.
earnings
next quarterly report
After a $0.04 EPS miss, the next print needs to show that revenue growth and loss control can coexist. Another growth-only quarter will not be enough.
business quality
subscriber scale versus margin reality
6.2M domestic subscribers sounds impressive. The real question is whether that scale produces better programming economics or just a bigger bill.
Analyst rankings
earnings predictability
30 / 100
Low predictability means quarterly results are hard to model. In human-speak: analysts do not trust this business to produce clean, steady numbers yet.
risk rank
4
This sits near the riskier end of the scale. In human-speak: you are not buying stability here; you are buying a thesis that still needs to prove itself.
source: institutional data
Institutional activity
institutional ownership data for FUBO is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
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