fuboTV (NYSE:FUBO) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

fuboTV (NYSE:FUBO) posted its earnings results on Wednesday. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.04, Briefing.com reports. fuboTV had a negative net margin of 0.90% and a negative return on equity of 5.52%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm posted ($0.02) earnings per share. The firm’s quarterly revenue was up 38.0% on a year-over-year basis.

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

• Subscriber trends improved, with North American subscribers rising 2% year over year to 5.75 million and a 25,000 sequential gain, helped by World Cup programming and enhanced Spanish-language offerings.
• Advertising integration with Disney is showing early traction, including double-digit year-over-year increases in CPMs and fill rates on Fubo, while June delivered the company’s strongest ad-growth month in at least two years.
• Management raised the low end of fiscal 2026 pro forma Adjusted EBITDA guidance, now expecting $90 million–$100 million, and reiterated targets for at least $300 million of Adjusted EBITDA in fiscal 2028 and positive free cash flow in 2027 and 2028.
• Management sees substantial synergy and growth potential from the Hulu + Live TV combination, including better programming and vendor-contract economics, ESPN customer referrals, Disney+ distribution, and Disney’s advertising technology and sales scale.
• New CEO Alisa Bowen is conducting a strategic review focused on pricing and packaging, content, distribution and marketing partnerships, and product innovation, with more detailed plans expected on the November earnings call.

fuboTV Price Performance

Shares of fuboTV stock traded down $1.62 on Thursday, reaching $9.04. The company’s stock had a trading volume of 2,859,623 shares, compared to its average volume of 1,595,659. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $266.03 million, a P/E ratio of -7.11 and a beta of 2.40. The stock has a 50-day moving average price of $9.57 and a 200-day moving average price of $13.47. fuboTV has a 52-week low of $7.95 and a 52-week high of $56.64.

Insider Activity

In other news, COO Alberto Horihuela sold 141,074 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.38, for a total transaction of $1,464,348.12. Following the transaction, the chief operating officer owned 141,074 shares in the company, valued at $1,464,348.12. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On fuboTV

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hurley Capital LLC acquired a new stake in shares of fuboTV in the fourth quarter valued at about $25,000. Focus Partners Wealth acquired a new position in shares of fuboTV during the 1st quarter worth about $30,000. First Trust Advisors LP acquired a new position in shares of fuboTV during the 2nd quarter worth about $44,000. CTC Alternative Strategies Ltd. purchased a new position in fuboTV in the 2nd quarter valued at about $54,000. Finally, WINTON GROUP Ltd purchased a new position in fuboTV in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FUBO shares. Wedbush decreased their price objective on fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price target on shares of fuboTV in a report on Friday, June 12th. Citigroup restated a “market outperform” rating on shares of fuboTV in a research report on Thursday, June 11th. Wall Street Zen cut shares of fuboTV from a “hold” rating to a “sell” rating in a research note on Sunday, June 21st. Finally, Zacks Research lowered shares of fuboTV from a “strong-buy” rating to a “hold” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.83.

Key fuboTV News

Here are the key news stories impacting fuboTV this week:

• Positive Sentiment: Record subscriber growth and World Cup demand: fuboTV reported record third-quarter North American subscribers, with management highlighting momentum from live sports and anticipated World Cup viewing. Revenue increased approximately 36%–38% year over year to $1.48 billion. FuboTV hits record-high subscribers
• Positive Sentiment: Losses are narrowing and the outlook was raised: Management increased its fiscal 2026 adjusted EBITDA target to $90 million–$100 million and is targeting $300 million by fiscal 2028. The company also reported improved advertising CPMs and fill rates through its Disney/Hulu advertising technology partnership. Turnaround progress article
• Positive Sentiment: New leadership is emphasizing strategic upside: CEO Alisa Bowen expressed confidence in fuboTV’s differentiation and growth prospects and is expected to provide more details on the company’s strategy in November, including its relationship with Disney. Fubo CEO strategy article

About fuboTV

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.