FuboTV Reports Significant Q2 Profitability Improvement, Reaffirms FY26/FY28 Guidance

summarizeSummary

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.

check_boxKey Events

• 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.

• 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).

• 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.

• 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.

auto_awesomeAnalysis

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.