The strong beat on EPS and significant improvement in Adjusted EBITDA, combined with reaffirmed guidance, signal accelerating profitability. Monitor the upcoming ESPN.com 'Where to Watch' integration and Fubo Sports ecommerce launch in H1 2027 as key catalysts for subscriber re-acceleration.
Price Chart
Executive Summary
FuboTV reported Q2 FY2026 (quarter ended March 31, 2026) record global revenue of $1.574 billion, a 1% YoY increase on a pro forma basis, and a Net Loss of $6.2 million, a significant improvement from a $40.9 million Net Loss in the prior year period. The company also delivered Adjusted EBITDA of $37.7 million, up from $1.4 million Pro Forma Adjusted EBITDA in Q2 FY2025, and reaffirmed its FY2026 Pro Forma Adjusted EBITDA guidance of $80-$100 million and FY2028 Adjusted EBITDA target of at least $300 million.
Key Financial Metrics
Key Facts
- Record global revenue of $1.574 billion, up 1% YoY on a pro forma basis.
- Net Loss improved to $6.2 million from $40.9 million in Q2 FY2025.
- Adjusted EBITDA of $37.7 million, up from $1.4 million Pro Forma Adjusted EBITDA in Q2 FY2025.
- EPS loss of $0.07, compared to consensus estimate of a loss of $0.22 (a beat).
- Reaffirmed FY2026 Pro Forma Adjusted EBITDA guidance of $80-$100 million.
- Reaffirmed FY2028 Adjusted EBITDA target of at least $300 million.
- Ended quarter with $244 million in cash, cash equivalents and restricted cash.
- North America subscribers totaled 5.7 million, down from 5.9 million in Q2 FY2025.
- Progress on Disney cross-selling integrations, including ESPN.com 'Where to Watch' pages and Fubo Sports in ESPN commerce flow by H1 2027.
Financial Impact
Revenue $1.574B, Net Loss $6.2M, Adjusted EBITDA $37.7M, EPS -$0.07 vs consensus -$0.22
Risk Factors
- North America subscribers declined YoY from 5.9M to 5.7M, indicating potential market share challenges.
- Pro forma revenue growth was only 1% YoY, suggesting limited top-line expansion.
- Company remains unprofitable on a GAAP basis with a Net Loss of $6.2 million.
- Integration risks related to the Hulu + Live TV business combination and Disney synergies.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-021406 |
| Exhibit: ex99-2.htm | 0001493152-26-021406 |
| Document: form8-k.htm | 0001493152-26-021406 |
| Document: 0001493152-26-021406-index-headers.html | 0001493152-26-021406 |
| Document: 0001493152-26-021406-index.html | 0001493152-26-021406 |
| Document: 0001493152-26-021406.txt | 0001493152-26-021406 |
| 8-K Data (Synthetic) | 0001493152-26-021406 |
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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