10-Q · February 5, 2026
FuboTV reported total revenue of $1,548,688,000 for the quarter ended December 31, 2025, up $442,696,000 (≈40.0%) versus the prior-year quarter, driven by the Hulu Live wholesale/related-party contribution. Operating…
Earnings analysis · 10-Q
FUBO earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
FuboTV Inc. reported a revenue of $1.574 billion for Q1 2026, reflecting a substantial increase of 40% compared to $1.125 billion in Q1 2025. EPS was a loss of $0.07, significantly better than the expected loss of…
Read full summary
FuboTV Inc. reported a revenue of $1.574 billion for Q1 2026, reflecting a substantial increase of 40% compared to $1.125 billion in Q1 2025. EPS was a loss of $0.07, significantly better than the expected loss of $0.16, reflecting improved operating conditions and effective cost management. The company anticipates reaching profitability soon, bolstered by a rising subscriber base and successful integration of Hulu Live.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.07
- Gross margin
- 7.6%
- Segment
- Fubo Services
- Segment
- Hulu Live Service
What stood out
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Significant Revenue Growth
Revenue increased by 40% to $1.574 billion compared to $1.125 billion in Q1 2025.
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Improvement in EPS
Reported EPS of -$0.07 beat expectations of -$0.16, reflecting better profitability.
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Increased Advertising Revenue
Advertising revenue reached $101.6 million, a new addition to revenue sources compared to zero in Q1 2025.
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Positive Operating Cash Flow
Operating cash flow improved with a net cash provided of $394.6 million compared to $90.0 million in Q1 2025.
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Control Transfer from Hulu
Hulu will transition to a more collaborative operational role with Fubo, enhancing future revenue potential.
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Debt Reduction Progress
Successfully reduced debt through a senior unsecured term note arrangement with Disney valued at $145 million.
What to watch
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Net Loss Continues
The company reported a net loss of $6.206 million compared to $40.914 million in Q1 2025, indicative of ongoing financial struggle.
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Reliance on Hulu Partnership
Future revenue is heavily dependent on Hulu's marketing and strategic decisions, leading to potential vulnerabilities.
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Subscriber Growth Questions
Total subscribers saw a slight drop from 5.9 million to 5.7 million in North America year-over-year.
Management's outlook
Management anticipates achieving positive free cash flow by FY2027 and projecting Pro Forma Adjusted EBITDA for FY2026 of $80-$100 million.
Earlier filings 4
10-K · March 3, 2025
FuboTV continues to position itself as a leading sports-first streaming platform, capitalizing on the cord-cutting trend by offering a robust live TV service. While revenue shows slight declines in recent quarters,…
10-Q · November 1, 2024
fuboTV reported Q3 revenue of $386.2M (up $65.3M or 20.3% YoY) driven by subscription revenue of $356.6M (+$66.95M YoY). The company narrowed operating loss to $(58.6)M (operating margin -15.2%) and reported basic and…
10-Q · August 6, 2024
FuboTV reported Q2 total revenue of $390,965 (in thousands), up versus $312,735 in Q2 2023, driven by subscription revenue of $362,936 (in thousands). Operating loss narrowed to $(35,675) (in thousands) from $(52,515)…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.