FuboTV sees FY28 adjusted EBITDA of at least $300M

Says Positive Free Cash Flow. expected in Fiscal 2027 and Fiscal 2028 under current operating plan. CEO David Gandler said, in part, “FuboTV (FUBO) Inc. is in the strongest financial position in our history based on our current outlook. We expect to deliver between $80M and $100M in Pro Forma Adjusted EBITDA in Fiscal 2026, and are targeting at least $300M in Adjusted EBITDA in Fiscal 2028. We also believe we will be Free Cash Flow positive starting Fiscal 2027, if not sooner, and are projecting to end this fiscal year with at least $200M in cash and cash equivalents…Given our combined scale, we remain extremely confident in the opportunity in front of us. Integrating two businesses of this scale is not instantaneous; it requires time, coordination, and a deep understanding of how to unlock the value that we outlined at the outset of this combination. We are working diligently every day to execute against that vision. We deeply value you. Many of you have been with us since the earliest stages of the company, and in many cases, you are both our customers and shareholders. We will continue to prioritize communication through 8-Ks, press releases, and other updates via our IR website and company social media channels. We also look forward to sharing more updates with you on our upcoming earnings call.”