FuboTV Reports Significant Q2 Profitability Improvement, Reaffirms FY26/FY28 Guidance
FUBO sits 56% above its 52-week low of $8.31.
Summary
FuboTV reported a significantly reduced net loss and strong Adjusted EBITDA for Q2 fiscal 2026, reaffirming its profitability and free cash flow guidance for upcoming fiscal years, despite a slight dip in subscribers.
Key Events · Earnings and Guidance · FUBO
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Reduced Net Loss
The company reported a Net Loss of $6.2 million for Q2 fiscal 2026, a significant improvement from a Net Loss of $40.9 million in the prior year period.
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Strong Adjusted EBITDA Growth
Adjusted EBITDA for Q2 fiscal 2026 reached $37.7 million, up substantially from $1.4 million in the comparable prior year period (pro forma).
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Reaffirmed Financial Guidance
FuboTV reaffirmed its Fiscal 2026 Pro Forma Adjusted EBITDA guidance of $80-$100 million and its Fiscal 2028 Adjusted EBITDA target of at least $300 million, with positive Free Cash Flow expected in Fiscal 2027.
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Modest Revenue Growth & Subscriber Decline
North America revenue grew 1% year-over-year (pro forma) to $1.566 billion, but total North America subscribers decreased slightly to 5.7 million from 5.9 million in Q2 fiscal 2025.
Analysis · FUBO · Trade & Services
FuboTV's Q2 fiscal 2026 results demonstrate substantial progress towards profitability following the Hulu + Live TV business combination. The significant reduction in net loss and strong increase in Adjusted EBITDA indicate improved operational efficiency. While North America subscriber numbers saw a slight decline, the reaffirmation of positive Adjusted EBITDA guidance for fiscal 2026 and 2028, alongside expected positive free cash flow in fiscal 2027, provides a clear path to financial health. Strategic integrations with Disney are also underway, which are crucial for long-term subscriber and revenue growth.
At the time of this filing, FUBO was trading at $13.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $8.31 to $56.64. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.