FuboTV reports record $1.57 billion quarterly revenue, reaffirms guidance
FuboTV Inc. (NYSE: FUBO) reported record global revenue of $1.57 billion for the second quarter of fiscal 2026, which ended March 31, 2026, according to a company press release. This represents a 40% increase compared to $1.125 billion in the same quarter of the previous fiscal year.
The live TV streaming company's North America subscriber count declined to 5.7 million from 5.9 million in the second quarter of fiscal 2025. Net loss narrowed to $6.2 million from $40.9 million in the prior year period.
FuboTV achieved adjusted EBITDA of $37.7 million, compared to a pro forma adjusted EBITDA of $1.4 million in the second quarter of fiscal 2025. The company ended the quarter with $244 million in cash, cash equivalents and restricted cash.
The results reflect the impact of FuboTV's business combination with Disney's Hulu + Live TV service, which closed in October 2025. The transaction combined FuboTV's existing streaming business with Disney's live TV streaming operations.
FuboTV announced progress on cross-selling integrations with Disney, including making Hulu Live content packages available through FuboTV's website. ESPN.com's "Where to Watch" pages will link directly to FuboTV, and the Fubo Sports service is expected to be available in ESPN's e-commerce flow in the first half of 2027.
The company reaffirmed its fiscal 2026 pro forma adjusted EBITDA guidance range of $80 million to $100 million and its fiscal 2028 adjusted EBITDA target of at least $300 million. FuboTV expects positive free cash flow in fiscal 2027 and 2028.
