Fubo sees record Q2 revenue despite subs loss
May 6, 2026
FuboTV has announced its financial results for its second quarter fiscal 2026 ended March 31st 2026.
Global Results
- Revenue of $1.574 billion, compared to Q2 fiscal 2025 revenue of $1.125 billion. This represents a 1% year-over-year (“YoY”) increase versus Q2 fiscal 2025 Pro Forma Revenue of $1.564 billion.
- Total North America Subscribers of 5.7 million, compared to 5.9 million in Q2 fiscal 2025.
- Net Loss of $6.2 million, compared to $40.9 million Net Loss in Q2 fiscal 2025 (or Q2 fiscal 2025 Pro Forma Net Income of $120.6 million).2
- Adjusted EBITDA3 of $37.7 million, compared to Q2 fiscal 2025 Pro Forma Adjusted EBITDA3 of $1.4 million.
- Cash Position: Fubo ended the quarter with $244 million in cash, cash equivalents and restricted cash on hand.
- Earnings Per Share (“EPS”) Loss of $0.07.
North America (“NA”) Results
- Revenue of $1.566 billion, compared to Q2 fiscal 2025 Revenue of $1.125 billion. This represents a 1% YoY increase versus Q2 fiscal 2025 Pro Forma Revenue of $1.556 billion.
- Total NA Paid Subscribers of 5.7 million, compared to 5.9 million in Q2 fiscal 2025.
Rest of World (“ROW”) Results
- Revenue of $8.3 million, compared to Q2 fiscal 2025 Revenue of $0 million. This is flat versus Q2 fiscal 2025 Pro Forma Revenue of $8.3 million.
- Total ROW Paid Subscribers of 328,000, compared to 354,000 in Q2 fiscal 2025.
News Announced Today
Fubo-Disney Cross-Selling and Product Integrations
Unlocking the synergies of the Fubo and Hulu + Live TV business combination, Fubo today announced progress towards the following integrated experiences:
- Hulu Live’s content packages are now available in Fubo’s aggregated eCommerce flow, giving customers the option to subscribe to the programming plan that’s right for them. Customers will be able to choose from multiple sports and entertainment streaming options at different price points (Fubo Sports, Fubo Pro, Hulu + Live TV, Fubo Latino, and Hulu + Live TV Español) all through the Fubo website.
- ESPN.com’s “Where to Watch” pages will soon link directly to Fubo, offering easy click access for sports fans looking to stream their favorite teams and live games.
- The Fubo Sports service is expected to be available in ESPN’s ecommerce flow in the first half of 2027, through a previously announced reseller and marketing arrangement to expand the reach and distribution of the Fubo services. Fubo Sports includes ESPN Unlimited as well as FOX and CBS programming among other sports networks.
AI Assistant
Fubo continues to personalize its sports-first streaming experience with the implementation of AI-driven product features. The Company is developing an AI Assistant that will enable customers to search their DVR’d content for sports on the Fubo platform through casual conversation (rather than voice commands). The Company plans to initially launch the AI Assistant on Roku, Apple TV and mobile this fall. Fubo also plans to extend this feature to news and entertainment programming.
Guidance and Long-Term Financial Targets
- Fubo is reaffirming its Fiscal 2026 Pro Forma Adjusted EBITDA4 guidance range of $80 million to $100 million.
- Fubo is reaffirming its Fiscal 2028 Adjusted EBITDA4 target of at least $300 million.
- Positive Free Cash Flow4 remains expected in Fiscal 2027 and Fiscal 2028 under Fubo’s current operating plan.
- Fiscal 2026 ending cash, cash equivalents and restricted cash is expected to be at least $200 million.
Message from Fubo Co-founder and CEO David Gandler
“Fubo’s second quarter Fiscal Year 2026 results, including record revenue of $1.6 billion globally, demonstrate the growing strength and scale of our business. We are also pleased to reiterate our confidence in our Fiscal 2026 guidance and our Fiscal 2028 Adjusted EBITDA target of at least $300 million. Looking ahead, we are making progress on multiple new integrations with Disney, leveraging the content portfolios of Fubo and Hulu + Live TV, which are expected to drive sustained subscriber, revenue and Adjusted EBITDA growth while delivering on the consumer promise of our business combination.”
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