Overview
- Fubo reported Q1 revenue of $1.55 billion, up 40% year over year, with pro forma revenue of $1.68 billion up 6% and a narrowed net loss of $19.1 million (pro forma loss $46.4 million).
- The combined Fubo and Hulu + Live TV business ended the quarter with 6.2 million subscribers in North America.
- The board approved a reverse stock split in a 1‑for‑8 to 1‑for‑12 range to take effect later this quarter, and shares fell roughly 19%–25% after the announcement.
- Management said Fubo’s ad technology will go live on Disney’s ad server later this month so its inventory can be sold alongside Disney+, ESPN+ and Hulu, with expectations for higher CPMs and fill rates.
- Fubo announced a reseller and marketing arrangement with ESPN to expand distribution, pending definitive agreements, and said the NBCUniversal/Versant blackout persists with Comcast having ceased renewal talks in January.