The combined Fubo and Hulu Live businesses reported positive pro forma adjusted EBITDA of $41.4 million and are nearing completion of integrating ad tech into the Disney ad server, expected to drive meaningful uplift in CPM and fill rates. Fubo and ESPN announced plans for a reseller and marketing arrangement to expand distribution, with Fubo Sports available for purchase in ESPN's commerce flow.
Cyborg Score Rationale
FuboTV still reports a trailing twelve month loss of US$123.7m and basic EPS loss of US$0.35, with profitability remaining unproven despite revenue scale. The company reported a $9.41M loss in free cash flow with gross profit of only $78.38M against total expenses of $397.34M. Stock price of $1.34 as of February 15, 2026 reflects market cap of approximately $472.6M.
Top Insights
Successfully closed business combination with Hulu Live, enabling greater scale and broader distribution across Disney ecosystem.
Q1 2026 net loss narrowed dramatically to $6.0M from quarterly losses of $38-40M in 2024-2025, suggesting potential path to profitability.
NBCUniversal pulled networks from Fubo on November 21, 2025, due to content licensing disputes, impacting content availability.
North America subscriber base slightly decreased to 6.2 million from 6.3 million year-over-year.
Named Competitors
YouTube TV — Live TV streaming with cloud DVR
Hulu + Live TV — Disney's live TV streaming integrated with Hulu content (now combined with Fubo)
Sling TV — Affordable live TV streaming with flexible packages
Recent Developments
(February 2026) Q1 FY2026 North America revenue of $1.543 billion, up from $1.106 billion in prior-year period.
(January 2026) Repurchased $140.2 million aggregate principal of 3.25% Convertible Senior Notes due 2026.
(February 2026) Announced plans for reseller and marketing arrangement with ESPN to expand reach and distribution of Fubo services through ESPN's commerce flow and digital properties.
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