Fubo’s (FUBO) first-quarter earnings just gave investors a lot to chew on. The sports-first streaming platform beat EPS expectations, nailed revenue targets, and even managed to improve its profitability for the ninth straight quarter. Despite subscriber declines, the company’s message was loud and clear: this is a business clawing its way toward profitability—and fast.
Fubo Q1 EPS Beats Wall Street Estimates
Let’s start with the headline number. Fubo reported net income from continuing operations of $188.5 million, or $0.55 per share. That’s a massive turnaround from last year’s net loss of $56.3 million, or -$0.19 per share. Adjusted EPS still landed in the red at -$0.02, but it was a sharp improvement from the -$0.14 reported a year ago. Analysts were expecting far worse, and this beat gave the stock a bounce.
The earnings were helped by a $220 million gain on a legal settlement—but even without that, the trajectory looks solid. “Fubo’s first quarter 2025 performance demonstrates the company’s resilience and focus,” said CEO David Gandler.
Fubo’s Revenue Hits Target Despite Subscriber Dip
Fubo pulled in $407.9 million in North American revenue, up 3.5% year over year and right in line with guidance. It also brought in $8.4 million from its international operations, which includes Molotov in France. Together, revenue targets were met, and in a market this competitive, that’s worth noting.
Paid subscribers dropped 2.7% in North America to 1.47 million, while the international base declined 10.9% to 354,000. The company blamed part of the U.S. churn on its decision to drop TelevisaUnivision content—not exactly a small move, but one they seem confident about
FUBO Share Repurchases Not Yet Back in Play
While many streaming names have turned to buybacks, Fubo has kept its focus on cash flow. The company ended the quarter with $327.8 million in cash, and while there were no share repurchases this time around, execs hinted that capital allocation decisions will come after profitability targets are met.
Fubo’s Guidance Points to Cautious Second Quarter
Looking ahead, Fubo expects Q2 revenue of $340–350 million in North America, down 10% at the midpoint, and paid subscribers between 1.225 and 1.255 million. That’s a noticeable decline, but it reflects tough comps and the ongoing impact of losing major content partners. In the international segment, revenue is forecasted between $6.5 and $7.5 million.
Still, execs sound confident. “We remain focused on our path to profitability in 2025,” said Executive Chairman Edgar Bronfman Jr. “The first quarter marked our ninth consecutive quarter with improvements in Adjusted EBITDA and Free Cash Flow.”
What Is the Price Prediction for FUBO Stock?
Despite its volatility, analysts are warming up to Fubo again. According to TipRanks, Fubo stock holds a Moderate Buy rating based on five Wall Street analysts. Two rate it a Buy, three say Hold, and none are recommending a Sell.
The average 12-month FUBO price target is $4.47, which represents a 52.56% upside from the current price of $2.93. These analyst ratings are likely to change following FUBO’s results today.
