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olivLaw · US equity research

FuboTV Inc. FUBO

Services-Motion Picture & Video Tape Production · SIC 7812 · Vertical: Services-Motion Picture & Video Tape Production (SIC 7812)

8.23USD+7.72% · 1 dayClose 04 Nov 2026

FuboTV is a live TV streaming platform focused on sports that serves as a replacement for cable television, with an emphasis on live sporting events. After combining with Hulu + Live TV in October 2025, the company reported quarterly revenue of 1.482 billion USD in the third quarter of fiscal 2026. Its relevance grows as consumers shift from traditional television to streaming.

At the close of 04 Nov 2026, FuboTV Inc. (FUBO) stock was 8.23 USD (+7.72% on the day), with market capitalisation 2.8 bn USD, beta 1.58, 52-week range 7.61–48.96 USD. Latest reported quarter (Q2 2026): revenue of 1.5 bn USD (+290.0% YoY), net income of -8.2 m USD, diluted EPS -0.25 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
2.8 bn USD
shares as of 31 Jul 2025
P/E (TTM)
unavailable
Diluted EPS TTM -0.40 · TTM to 30 Jun 2026
E/P (TTM)
-4.86%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
1.58
Volatility (1y) 78%
52-week range
7.6148.96

Price history

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Technical reading

RSI (14)
46.7
neutral
Bollinger (20, 2)
7.30 – 8.99
in the upper half of the band · %B 0.55 · band width 20.8%
SMA 50 / 200
9.36 / 11.80
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.40 / -0.46
MACD above signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−4.5%−1.1%−3.4 pp—
3 months−22.8%−0.5%−22.3 pp—
6 months−21.1%+4.4%−25.5 pp—
Year to date−72.8%+12.3%−85.1 pp—
1 year−81.4%+13.5%−94.9 pp−29.7%
3 years−77.1%+76.4%−153.6 pp−52.1%
5 years−97.9%+63.7%−161.6 pp—
Max drawdown (1y)
−84.5%
05 Nov 2025 → 02 Nov 2026
Max drawdown (5y)
−98.1%
08 Nov 2021 → 02 Nov 2026
Compound annual growth (5y)
−53.9%
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
1.5 bn USD
+290.0% YoY
Net income
-8.2 m USD
unavailable YoY
Diluted EPS
-0.25
unavailable YoY
net / operating
-0.6% / -1.8%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue386.2 m1.1 bn416.3 m380.0 m377.2 m1.5 bn1.6 bn1.5 bn
Research & development21.2 m020.1 m19.3 m19.5 m13.6 m20.8 m20.9 m
Operating income-58.6 m-38.6 m-25.4 m-6.0 m-20.2 m-20.3 m-9.1 m-26.6 m
Depreciation & amortisation9.8 m09.9 m10.1 m10.3 m24.2 m36.0 m36.2 m
Interest expense5.3 m04.7 m4.7 m4.7 m1.4 m2.8 m3.0 m
Pre-tax income-54.5 m-38.6 m193.1 m-7.9 m-22.1 m-18.7 m-5.9 m-25.0 m
Income tax195.0 k04.6 m152.0 k-3.2 m367.0 k343.0 k728.0 k
Net income-52.4 m-38.6 m188.5 m-8.0 m-18.9 m-6.0 m-2.1 m-8.2 m
Diluted EPS-0.16-0.11 ≈0.55-0.02-0.06-0.02-0.07-0.25
Operating cash flow235.0 k ≈-42.6 m161.4 m-34.6 m ≈-6.5 m ≈-200.3 m——
Capex1.6 m ≈0348.0 k366.0 k ≈3.0 k ≈520.0 k——

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year2017201820192020⚠ 2021202220232024
Revenue41.0 kunavailable4.3 m217.7 m638.4 m1.0 bn1.4 bn1.6 bn
Revenue YoY+70.8%unavailableunavailable+4,998.2%—+58.0%+35.6%+18.6%
Net income10.5 m-10.6 m-34.4 m-570.3 m-382.8 m-561.5 m-287.5 m-172.3 m
Net income YoYunavailable−201.3%unavailableunavailable—unavailableunavailableunavailable
Diluted EPS0.74-2.37unavailable-12.82-2.78-3.08-1.04-0.54
Diluted EPS YoYunavailable−420.3%unavailableunavailable—unavailableunavailableunavailable
net %25,546.3%unavailable-804.5%-261.9%-60.0%-55.7%-21.0%-10.6%
Free cash flow-618.0 kunavailable1.6 m-149.2 m-199.3 m-317.8 m-178.7 m-82.2 m

The series breaks before 2021: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2024 · 31 Dec 2024

Cash
161.4 m USD
Financial debt
unavailable USD
Net debt
unavailable USD
Equity
180.8 m USD
Total assets
1.1 bn USD
Debt / equity
unavailable
Current ratio
0.53x
ROE
-74.2%
ROA
-14.9%
FCF margin
-5.1%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2022
1.0 bn
2023
1.4 bn
2024
1.6 bn

SEC (XBRL)· 03 Mar 2025verified

Research & development
2022
69.3 m
2023
67.7 m
2024
80.0 m

SEC (XBRL)· 03 Mar 2025verified

Operating income
2022
-411.9 m
2023
-289.4 m
2024
-196.0 m

SEC (XBRL)· 03 Mar 2025verified

Depreciation & amortisation
2022
36.7 m
2023
36.5 m
2024
38.5 m

SEC (XBRL)· 03 Mar 2025verified

EBITDA
2022
-375.1 m ≈
2023
-252.9 m ≈
2024
-157.5 m ≈

SEC (XBRL)· 03 Mar 2025derived

Interest expense
2022
14.2 m
2023
13.7 m
2024
20.9 m

SEC (XBRL)· 03 Mar 2025verified

Pre-tax income
2022
-426.7 m
2023
-294.0 m
2024
-177.1 m

SEC (XBRL)· 03 Mar 2025verified

Income tax
2022
-1.7 m
2023
-879.0 k
2024
659.0 k

SEC (XBRL)· 03 Mar 2025verified

Net income
2022
-561.5 m
2023
-287.5 m
2024
-172.3 m

SEC (XBRL)· 03 Mar 2025verified

Diluted EPS
2022
-3.08
2023
-1.04
2024
-0.54

SEC (XBRL)· 03 Mar 2025verified

Weighted average diluted shares
2022
182.5 m
2023
276.3 m
2024
319.7 m

SEC (XBRL)· 03 Mar 2025verified

Balance sheet · USD

Cash
2022
337.1 m
2023
245.3 m
2024
161.4 m

SEC (XBRL)· 03 Mar 2025verified

Receivables
2022
44.0 m
2023
80.3 m
2024
71.1 m

SEC (XBRL)· 03 Mar 2025verified

Inventories
2022
—
2023
—
2024
—

SEC (XBRL)· 29 May 2020verified

Current assets
2022
436.9 m
2023
386.8 m
2024
274.0 m

SEC (XBRL)· 03 Mar 2025verified

Property, plant & equipment, net
2022
5.0 m
2023
4.8 m
2024
6.1 m

SEC (XBRL)· 03 Mar 2025verified

Goodwill
2022
618.5 m
2023
622.8 m
2024
615.4 m

SEC (XBRL)· 03 Mar 2025verified

Intangibles (excl. goodwill)
2022
171.8 m
2023
158.4 m
2024
133.7 m

SEC (XBRL)· 03 Mar 2025verified

Total assets
2022
1.3 bn
2023
1.2 bn
2024
1.1 bn

SEC (XBRL)· 03 Mar 2025verified

Accounts payable
2022
67.0 m
2023
74.3 m
2024
67.8 m

SEC (XBRL)· 03 Mar 2025verified

Short-term debt
2022
—
2023
—
2024
—

SEC (XBRL)· 13 May 2021verified

Long-term debt
2022
—
2023
—
2024
—

SEC (XBRL)· 29 May 2020verified

Current liabilities
2022
438.8 m
2023
517.3 m
2024
515.3 m

SEC (XBRL)· 03 Mar 2025verified

Total liabilities
2022
874.4 m
2023
948.8 m
2024
896.6 m

SEC (XBRL)· 03 Mar 2025verified

Equity
2022
401.7 m
2023
283.8 m
2024
180.8 m

SEC (XBRL)· 03 Mar 2025verified

Cash flow · USD

Operating cash flow
2022
-316.7 m
2023
-177.6 m
2024
-79.5 m

SEC (XBRL)· 03 Mar 2025verified

Capex
2022
1.1 m
2023
1.1 m
2024
2.7 m

SEC (XBRL)· 03 Mar 2025verified

Free cash flow
2022
-317.8 m ≈
2023
-178.7 m ≈
2024
-82.2 m ≈

SEC (XBRL)· 03 Mar 2025derived

Investing cash flow
2022
-12.4 m
2023
-25.4 m
2024
-15.8 m

SEC (XBRL)· 03 Mar 2025verified

Financing cash flow
2022
296.3 m
2023
111.2 m
2024
11.5 m

SEC (XBRL)· 03 Mar 2025verified

Computed indicators

Growth

Revenue growth (YoY)
18.6%
computed by olivLawFY 2024
Revenue CAGR 3Y
36.5%
computed by olivLawFY 2021 → FY 2024
Revenue CAGR 5Y
228.1%
computed by olivLawFY 2019 → FY 2024
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
the base of the ratio is not positive

Profitability

Gross margin
unavailable
input data missing
EBITDA margin
0.6%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
-1.5%
computed by olivLawTTM to 30 Jun 2026
Net margin
-0.7%
computed by olivLawTTM to 30 Jun 2026
FCF margin
-1.6%
computed by olivLawTTM to 30 Jun 2026

Returns

ROE
-5.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROA
-1.4%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
input data missing
ROCE
-2.5%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
unavailable
input data missing
Net debt / EBITDA
unavailable
input data missing
Debt / equity
unavailable
input data missing
Interest coverage
-6.4x
computed by olivLawTTM to 30 Jun 2026

Liquidity

Current ratio
1.0x
computed by olivLawbalance sheet at 30 Jun 2026
Quick ratio
unavailable
input data missing
Cash ratio
0.3x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
-80.0 m USD
computed by olivLawTTM to 31 Dec 2025
Capital expenditure
1.2 m USD
computed by olivLawTTM to 31 Dec 2025
Free cash flow
-81.3 m USD
computed by olivLawTTM to 30 Jun 2026
FCF conversion
unavailable
insufficient data
Cash conversion
-261.5%
computed by olivLawTTM to 30 Jun 2026

Efficiency

Days sales outstanding
unavailable
input data missing
Days inventory outstanding
unavailable
input data missing
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
2.8 bn USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
unavailable
input data missing
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-4.9%
computed by olivLawTTM to 30 Jun 2026
P/B
3.5x
computed by olivLawbalance sheet at 30 Jun 2026
P/S
0.6x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
EV/EBIT
unavailable
input data missing
EV/Sales
unavailable
input data missing
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-2.9%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 5 of at least 6
  • score weight coverage: 33.3% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

8.23 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 2.8 bn USD

Key indicators

Market capitalisation
2.8 bn USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
3.5x
computed by olivLawbalance sheet at 30 Jun 2026
EV/EBITDA
unavailable
input data missing
ROE
-5.8%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Net margin
-0.7%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
18.6%
computed by olivLawFY 2024
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

30/37 reporting lines present
Latest full fiscal year: 2024
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 31 Jul 2025
Source: SEC (XBRL)published 05 Aug 2026
verified 1737derived 118

Score by group

33% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

no valuation method could be computed

Multiple comparisons use the SIC vertical: Services-Motion Picture & Video Tape Production (SIC 7812)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality-0.7%71 (vs peers)19%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth36.5%100 (on a fixed band)25%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet-6.4x0 (on a fixed band)19%
Current ratio · Balance sheet1.0x17 (on a fixed band)13%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation-2.9%0 (on a fixed band)25%
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet7/100 · 2/3 factors with a value
  • Growth· partial100/100 · 1/2 factors with a value
  • Quality· partial71/100 · 1/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partial0/100 · 1/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

FuboTV Inc. (FUBO). Latest full fiscal year: 2024; data up to 2026-06-30.

Figures computed from the financial statements: revenue 1.6 bn USD in 2024; YoY growth 18.6%; net margin -0.7%; ROE -5.8%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Net margin: -0.7%
  • Revenue CAGR 3Y: 36.5%

What contradicts it

  • Interest coverage: -6.4x
  • Current ratio: 1.0x
  • FCF yield: -2.9%

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Services-Motion Picture & Video Tape Production (SIC 7812) · same industry (4-digit SIC) · compared with 7 companies

Multiples and returns vs the median

P/E
—
vertical median —
EV/EBITDA
—
vertical median —
P/S
0.6x
vertical median 1.5x
below median (−61.9%)
P/B
3.5x
vertical median 2.2x
above median (+56.8%)
ROE
-5.8%
vertical median -9.3%
above median
Net margin
-0.7%
vertical median -32.5%
above median
EBIT margin
-1.5%
vertical median -31.5%
above median
Revenue YoY
18.6%
vertical median 20.7%
below median (−10.3%)
Net debt/EBITDA
—
vertical median —
Dividend yield
—
vertical median —

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
LIONLionsgate Studios Corp.3.8 bn——-4.1%+1.8%+71% / +20%
FUBOFuboTV Inc.2.8 bn—-5.8%-0.7%+18.6%−81% / −77%
ANGXAngel Studios, Inc.684.5 m——-37.5%+233.2%−25% / unavailable
STRZStarz Entertainment Corp.438.0 m—-87.9%-32.5%−1.6%+131% / unavailable
CURICuriositystream Inc.157.8 m511.10.1%0.0%+40.1%−45% / +286%
MPUMega Matrix Inc50.4 m—-213.2%-131.4%−27.9%−95% / −94%
TOONKartoon Studios, Inc.32.3 m10.521.7%26.9%+20.7%−30% / −68%
GAIAGaia, Inc——-9.3%-1,090.3%+55.2%−67% / −52%

1- and 3-year price returns: for FUBO from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    In brief

    FuboTV is a live TV streaming platform focused on sports that serves as a replacement for cable television, with an emphasis on live sporting events. After combining with Hulu + Live TV in October 2025, the company reported quarterly revenue of 1.482 billion USD in the third quarter of fiscal 2026 23. Its relevance grows as consumers shift from traditional television to streaming.

    SWOT

    Strengths

    • The platform focuses on sports and offers a well-regarded user experience with personalization features built on first-party data.
    • The combination with Hulu Live created one of the largest virtual Pay TV providers in North America.
    • Integration with the Disney ecosystem brings efficient acquisition channels and better advertising technology.

    Weaknesses

    • The company has reported net losses in several quarters and has not yet reached durable profitability.
    • Convertible debt and repurchase obligations put pressure on liquidity.
    • Revenue is seasonal, and subscribers tend to decline between the end of one year and the following quarters.

    Opportunities

    • Continued migration from cable to streaming could bring new subscribers.
    • Expanding advertising and premium features could raise average revenue per user.
    • If Disney integration advances, distribution and advertising could become more efficient.

    Threats

    • Content costs could rise, and contract renewals could be less favorable.
    • Content providers launching their own direct-to-consumer services could reduce the value of aggregation.
    • Macroeconomic conditions could reduce advertising budgets and subscriber additions.

    Risks

    • Lack of profitabilityhigh

      The company has reported repeated net losses, and if revenue does not grow faster than expenses, profitability could remain distant.

    • Debt and refinancinghigh

      Convertible obligations and possible repurchases could require additional liquidity, and refinancing could be costly.

    • Dependence on the sports calendarmedium

      If major events are not held or subscribers arrive late, quarterly results could be significantly affected.

    • Content costsmedium

      Rising channel fees could reduce margins, especially if they cannot be passed on to subscribers.

    • Disney controlmedium

      Hulu holds the majority of the vote, and integration with Disney could change the company's strategic priorities.

    Investment thesis

    What would need to be true (bull case)

    • If the migration to streaming continues, the sports-focused platform could attract more subscribers at lower acquisition costs.
    • Rising fill rates and CPMs after the Disney integration could improve advertising revenue.
    • If the fiscal 2028 Adjusted EBITDA target is met, the company could reach more stable profitability.

    What would break the thesis

    • If net losses persist, the company could need additional capital, diluting shareholders.
    • Content cost growth could keep outpacing revenue growth, limiting margins.
    • If larger competitors strengthen their sports offerings, FuboTV could lose its niche advantage.

    What to watch

    • New CEO's strategy and update on growth and profitabilityNovember 2026
    • Development of pro forma Adjusted EBITDA and guidance for fiscal 2026Q4 2026
    • North American subscriber count and ESPN channel retention rateQ4 2026
    • Cash position and expected free cash flow for fiscal 2027 and 20282027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    The business

    FuboTV aims to aggregate the best TV content, including premium sports, news and entertainment, in a single app as an alternative to traditional Pay TV 1. The company monetizes its audience through subscriptions and digital advertising, with revenue generated almost entirely in the United States, plus operations in Canada, Spain and France 1. Its business model relies on attracting subscribers through sporting events and retaining them with recommendations based on first-party data 1.

    As of December 31, 2024 the company had about 1.7 million paid subscribers in North America, and its North American ARPU was 85.97 USD in 2024 1. Advertising revenue was about 115.2 million USD in 2024, while the net loss from continuing operations was 177.8 million USD 1. Consolidated indebtedness stood at 330.3 million USD at the end of 2024 1.

    After the Hulu Live combination closed, Hulu holds a 70% economic interest in Newco and FuboTV holds 30%, and North American subscribers reached 5.75 million in the third quarter of fiscal 2026 23. The company reported a net loss of 25.7 million USD in the same quarter and a cash position of 236.4 million USD 3.

    Segments

    Live TV subscriptions

    Subscription revenue is the main source of income, through flexible packages with sports, news and entertainment channels, plus optional Attachments 1. The packages include over 100 channels, including top Nielsen-rated networks and regional sports networks 1.

    Digital advertising

    Advertising on the FuboTV platform uses unskippable inventory and audience data, and since October 2025 sales have been handled by Disney affiliates for a 15% agency fee 12. Integration with the Disney Ad Server improved fill rates and CPMs in the third quarter of fiscal 2026 3.

    Hulu Live wholesale revenue

    Under the commercial agreement with Hulu, FuboTV receives fees equal to a share of the carriage costs of the Hulu Live service, a share that rises over the following years 2. This revenue does not depend on direct subscription sales, which remain with Hulu 2.

    Market context

    The US live TV streaming market is growing as viewers move from cable or satellite Pay TV to OTT, although traditional television still holds a meaningful share of viewing hours 1. Sports and news are key drivers of audience retention, and streaming services were until recently focused on entertainment 1. If this migration continues, the sports segment could become a competitive advantage for FuboTV 1.

    Advertising is moving increasingly from traditional TV to OTT, but traditional advertisers remain competitive and ad spending is sensitive to economic conditions 1. In the short term, the 2026 FIFA World Cup generated significant advertising revenue for FuboTV, according to the quarterly results 3.

    Trends

    • Migration from cable to streamingtailwind

      Subscribers are increasingly moving from traditional Pay TV to streaming, driven by price and user experience, which could expand FuboTV's subscriber base 1.

    • Seasonality of sportsmixed

      Revenue and subscriber additions peak in the third and fourth quarters, due to the NFL and college football seasons, and events such as the World Cup or Olympics can change annual results 1.

    • Content cost pressureheadwind

      Content costs are the largest part of operating expenses, and renewing contracts on less favorable terms could compress margins 1.

    • Integration with the Disney ecosystemmixed

      Integration with ESPN and the Disney Ad Server brings subscribers with good conversion and retention, but partly shifts distribution and advertising control to the Disney partner 3.

    Competitive position

    FuboTV competes with traditional Pay TV operators such as DirecTV, Comcast, Cox and Altice, as well as other vMVPDs such as YouTube TV, Hulu + Live TV, Philo and Sling TV 1. It also faces network streaming services such as Peacock, Paramount+ and ESPN+ 1.

    The main competitive factors are the quality and breadth of content, especially live sports, platform features, user experience and value proposition 1. Many users hold multiple subscriptions, so competitors' presence has also helped grow the overall market 1.

    • YouTube TV

      vMVPD service competing directly for live TV subscribers, according to the sources.

    • Traditional Pay TV operators

      Cable and satellite companies that retain audiences through sports and news packages, as named in the source.

    • Peacock, Paramount+ and ESPN+

      Network streaming services competing mainly through sports and entertainment content.

    • Sling TV and Philo

      vMVPD services with channel packages competing for the same type of consumer.

    News & filings

    In the press

    SEC filings

    • Quarterly report05 Aug 2026
    • Current report05 Aug 2026
      Results of operations · Financial statements and exhibits
    • Current report29 Jul 2026
      Departure or appointment of officers · Amendments to articles or bylaws · Shareholder vote · Financial statements and exhibits
    • Current report09 Jul 2026
      Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
    • Proxy statement16 Jun 2026
    • Quarterly report06 May 2026
    • Current report06 May 2026
      Results of operations · Financial statements and exhibits
    • Current report06 Apr 2026
      Results of operations · Financial statements and exhibits
    • Current report23 Mar 2026
      Amendments to articles or bylaws · Financial statements and exhibits
    • Current report20 Mar 2026
      Other events

    Sources

    1. [1] Form 10-K, fiscal year ended 2024-12-31 · SEC / FuboTV Inc. · 03 Mar 2025
    2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / FuboTV Inc. · 05 Aug 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / FuboTV Inc. · 05 Aug 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.