fuboTV (NYSE:FUBO) Posts Quarterly Earnings Results, Beats Estimates By $0.28 EPS

fuboTV (NYSE:FUBO) announced its quarterly earnings data on Wednesday. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.28, FiscalAI reports. fuboTV had a net margin of 5.72% and a negative return on equity of 9.67%. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. The business’s quarterly revenue was up 278.1% compared to the same quarter last year.

Here are the key takeaways from fuboTV’s conference call:

• Profitability milestone: Trailing?12?month pro forma adjusted EBITDA exceeded $100 million and Q2 adjusted EBITDA was $37.7 million; the company reiterated FY26 pro forma adjusted EBITDA guidance of $80–100 million and a long?term target of at least $300 million by 2028.
• Ad and commercial integrations driving near?term upside: Migration of Fubo inventory to Disney’s ad server has already raised CPMs and fill rates, ESPN link?outs and a reseller arrangement for Fubo Sports (launch H1 2027) create new distribution and monetization channels.
• Subscriber and revenue trends mixed: North America subscribers were 5.7 million (down from 5.9M a year ago) while pro forma revenue grew ~1% YoY, and management said they will no longer break out Hulu+Live TV vs. Fubo subs separately.
• Product roadmap includes AI conversational features: Fubo plans to roll out an AI assistant for sports (fall) and extend it to news/entertainment to improve discovery and engagement, but benefits are early and experimental.
• Second?half cadence and one?offs: Management flagged expected deceleration in H2 adjusted EBITDA due to seasonality, increased marketing spend and the need to preserve flexibility (Q2 included a $6.5M tax?related one?time benefit), creating near?term volatility versus H1 results.

fuboTV Stock Down 15.1%

Shares of FUBO stock traded down $1.87 during midday trading on Wednesday, reaching $10.53. 2,716,682 shares of the stock were exchanged, compared to its average volume of 1,680,951. fuboTV has a 1 year low of $8.31 and a 1 year high of $56.64. The firm has a market cap of $309.37 million, a PE ratio of 1.96 and a beta of 2.50. The company’s 50 day moving average is $12.66 and its two-hundred day moving average is $26.38. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.85.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FUBO shares. Needham & Company LLC lowered their target price on fuboTV from $36.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, March 27th. B. Riley Financial began coverage on fuboTV in a research note on Friday, March 27th. They issued a “buy” rating and a $18.00 price target on the stock. Weiss Ratings reiterated a “sell (e-)” rating on shares of fuboTV in a research report on Friday, April 24th. Wedbush increased their price objective on fuboTV to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, April 7th. Finally, Evercore initiated coverage on shares of fuboTV in a report on Friday, May 1st. They issued an “outperform” rating and a $18.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.33.

Institutional Investors Weigh In On fuboTV

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FUBO. Two Sigma Investments LP lifted its position in fuboTV by 12.2% during the third quarter. Two Sigma Investments LP now owns 6,745,483 shares of the company’s stock valued at $27,994,000 after buying an additional 734,142 shares during the period. Dimensional Fund Advisors LP grew its position in shares of fuboTV by 19.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,518,329 shares of the company’s stock worth $13,906,000 after buying an additional 903,832 shares during the period. Goldman Sachs Group Inc. grew its position in shares of fuboTV by 124.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,631,853 shares of the company’s stock worth $9,152,000 after buying an additional 2,010,463 shares during the period. First Trust Advisors LP increased its stake in shares of fuboTV by 378.0% in the 4th quarter. First Trust Advisors LP now owns 1,524,254 shares of the company’s stock worth $3,841,000 after acquiring an additional 1,205,393 shares in the last quarter. Finally, Jump Financial LLC lifted its position in fuboTV by 134.8% during the 4th quarter. Jump Financial LLC now owns 1,355,475 shares of the company’s stock valued at $3,416,000 after acquiring an additional 778,275 shares during the period. 39.31% of the stock is owned by hedge funds and other institutional investors.

fuboTV Company Profile

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.