Overview
- Fubo ended Q3 with 1.63 million North American subscribers, as revenue of $368.6 million (down about 2% year over year) and adjusted EPS of $0.02 topped forecasts.
- The quarterly net loss narrowed to $18.8 million and adjusted EBITDA turned positive at about $6.9 million, though free cash flow remained negative.
- Disney now owns 70% of Fubo, yielding a pro forma footprint near 6 million with Hulu + Live TV, and the two services will continue to operate as separate brands.
- Executives outlined integration steps with Fubo’s sports inventory and ad sales slated to move into Disney’s ecosystem starting in Q1 2026, alongside platform and international plans over the next 18–24 months.
- Fubo launched a $55.99 sports-focused skinny bundle with early signs of minimal cannibalization, while shares slipped post-earnings as analysts cited ARPU pressure, negative free cash flow and lowered 2026 estimates even as Needham maintained a Buy rating.