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Fubo reported revenue of 1.48 billion dollars for the quarter, a sharp increase from about 1.07 billion dollars a year ago. This growth reflects the first full quarter of results since merging with Hulu + Live TV, which tripled the company's subscriber base. The company also narrowed its net loss to about 26 million dollars, compared to a 38 million dollar loss in the same period last year.

This is a critical turning point for the business. By reaching a much larger scale, Fubo can now spread the high costs of sports broadcasting rights across millions more customers. The focus now shifts to whether the company can keep these new subscribers and use its new ties with Disney to grow its advertising business, which is essential for reaching its goal of becoming profitable by 2027.

See the full quarter, and how our tracked metrics did

Source: 8-K filing

Fubo appointed Alisa Bowen as its new Chief Executive Officer, effective July 10. She replaces co-founder David Gandler. Bowen previously served as the president of Disney+ and has decades of experience managing digital media products at a global scale.

This leadership change is a direct result of Fubo's merger with Hulu + Live TV. Bringing in a veteran from Disney suggests that the company is moving away from its roots as a scrappy startup and toward becoming a core part of a major media conglomerate. Her expertise in scaling streaming services and managing complex content relationships is exactly what Fubo needs as it tries to turn its massive new subscriber base into a profitable business.

Source: 8-K filing

Key highlights

• Profit outlook raised: Management increased its full year guidance for pro forma adjusted EBITDA, a measure of profit that excludes certain one time costs, to a range of $90 million to $100 million. This is an improvement from the previous range of $80 million to $100 million, signaling that the company is finding better ways to manage its costs after the recent merger.
• Subscriber base grows: The company reached 5.75 million North American subscribers, which is up 2% from the 5.63 million reported a year ago. Maintaining this base is vital because subscribers provide the steady fees that fund the company's expensive sports and entertainment broadcast rights.
• Advertising revenue pressure: Reported advertising revenue was $108.9 million, which stayed essentially flat compared to the $109.4 million pro forma result from the same period last year. While the 2026 World Cup helped drive more views, the company is still in the early stages of using Disney's ad systems to turn those views into higher revenue.
• Narrowing net loss: The company reported a net loss of $25.7 million, which is a significant improvement from the $72 million pro forma loss it recorded in the same quarter last year. This move toward zero shows the business is becoming more efficient as it integrates its operations with Hulu + Live TV.
• High engagement with features: More than 40% of eligible users engaged weekly with a new feature that identifies and highlights big sports moments. These users visited the platform 6 more days in June than those who did not use the feature, which helps keep subscribers from canceling their service.
• Cash reserves steady: Fubo ended the quarter with $236.4 million in cash, which is above the $200 million minimum management promised to keep on hand through the end of the year. Having this cushion is important because the company does not expect to generate positive free cash flow, meaning the cash left after paying for operations and investments, until 2027.

Our take: A steady quarter that shows the company is successfully trimming its losses. While advertising revenue is not yet growing, the improved profit guidance and strong cash position of $236.4 million suggest the merger is starting to pay off. It strengthens the case that the business can reach its goal of making money by 2027.