The massive EPS miss and sequential revenue decline suggest slower-than-expected Hulu + Live TV integration. Watch for the new CEO's strategic update in November; near-term pressure on the stock is likely as consensus resets. Positive free cash flow expectations for FY2027 remain a long-term anchor.
Price Chart
Executive Summary
FuboTV reported Q3 FY2026 revenue of $1.482B (vs $1.50B consensus) and a GAAP EPS loss of $0.25, massively missing the $0.02 loss Street estimate by over 1,000%. Net loss widened to $25.7M from $6.2M in Q2, though it improved YoY vs a $38M loss. NA subscribers grew 2% YoY to 5.75M. The company modestly raised its FY2026 Pro Forma Adjusted EBITDA guidance to $90-100M from $80-100M. The large EPS miss and sequential revenue decline are bearish signals, partly offset by subscriber gains and a new CEO.
Key Financial Metrics
Key Facts
- Revenue $1.482B vs consensus $1.50B (miss of ~1.2%)
- GAAP EPS -$0.25 vs Street consensus -$0.02 (miss of -1,150%)
- Net loss $25.7M vs $6.2M in Q2 FY2026, but improved from $38M in Q3 FY2025
- NA paid subscribers 5.75M, +2% YoY
- Adjusted EBITDA $19.1M vs Pro Forma $31.0M in prior year period
- FY2026 Pro Forma Adjusted EBITDA guidance raised to $90-$100M (from $80-$100M)
- New CEO Alisa Bowen succeeded David Gandler in July 2026
- Cash and restricted cash $236.4M at quarter end
Financial Impact
Revenue miss of ~$18M vs consensus; EPS miss of $0.23 per share
Risk Factors
- Seasonal subscriber churn post-World Cup / NBA Finals
- Slower than expected cost synergies from the Disney/Hulu combination
- Further EPS misses if advertising revenue or subscription growth decelerates
- Competitive pressure from other virtual MVPDs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-036098 |
| Exhibit: ex99-2.htm | 0001493152-26-036098 |
| Document: form8-k.htm | 0001493152-26-036098 |
| Document: 0001493152-26-036098-index-headers.html | 0001493152-26-036098 |
| Document: 0001493152-26-036098-index.html | 0001493152-26-036098 |
| Document: 0001493152-26-036098.txt | 0001493152-26-036098 |
| 8-K Data (Synthetic) | 0001493152-26-036098 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 11w ago | 8-K | $10.66 $8.99 | ▲ +15.67% | ▲ +15.51% | $7.79 (+26.92%) |
Jun 16, 2026 18w ago | DEFA14A | $8.90 $9.22 | ▲ +3.60% | ▲ +2.82% | $7.79 (−12.47%) |
May 6, 2026 24w ago | 8-K | $10.43 $10.79 | ▲ +3.45% | ▲ +3.78% | $7.79 (−25.31%) |
Apr 6, 2026 29w ago | 8-K | $12.07 $12.46 | ▲ +3.23% | ▲ +3.17% | $7.79 (−35.46%) |
US Market Status
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