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fuboTV (FUBO)
NYSE:FUBO
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fuboTV (FUBO) AI Stock Analysis

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FUBO

fuboTV

(NYSE:FUBO)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
$1.00
▼(-11.50% Downside)
Action:ReiteratedDate:03/21/26
The score is held back primarily by ongoing negative free cash flow and weak technical momentum (downtrend and negative MACD). Offsetting positives include a meaningful TTM profitability improvement (positive EBITDA and net income) and constructive earnings-call takeaways around integration synergies and monetization opportunities, with the low P/E offering some valuation support.
Positive Factors
Scale / Market Position
The combined Fubo + Hulu Live scale (TTM revenue $6.2B and ~6.2M NA subs) creates durable commercial advantages: broader reach boosts ad inventory value, strengthens bargaining power with distributors/content partners, and spreads fixed costs, improving long-run unit economics.
Operating Profitability Momentum
Transition to positive adjusted EBITDA demonstrates operating leverage from scale and cost synergies. Sustained positive EBITDA supports reinvestment in product and content, reduces dependence on external financing, and signals a credible path toward cash profitability if revenue and ad monetization remain steady.
Ad-Tech & Distribution Partnerships
Integrating into Disney’s ad server and the ESPN commerce partnership are structural enhancements: better ad-tech raises CPMs and fill, while ESPN distribution funnels sports buyers. Together they improve ad yield and lower acquisition costs, supporting more predictable, higher-margin ad revenue over time.
Negative Factors
Negative Cash Generation
Persistent negative operating and free cash flow is a durable risk: it forces reliance on financing or asset sales to fund content rights and growth investments, compresses strategic flexibility, and means profitability on paper hasn't yet translated into self-sustaining cash generation.
Moderate Debt Load / Thin Equity Cushion
Although leverage improved, a ~$414M debt load and relatively thin equity reduce balance-sheet resilience. If ad demand or subscriber trends weaken, interest and maturities could constrain investment in content or tech, and limit room to absorb shocks without dilutive financing.
Content Renewal & Subscriber Risk
Dependence on third-party content creates structural exposure: paused renewals with NBCUniversal risk channel removals or higher fees, which can drive churn or raise costs. Even small subscriber declines highlight sensitivity to content risks and complicate long-term revenue visibility.

fuboTV (FUBO) vs. SPDR S&P 500 ETF (SPY)

fuboTV Business Overview & Revenue Model

Company DescriptionfuboTV Inc. operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally. Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets. The company is headquartered in New York, New York.
How the Company Makes MoneyfuboTV primarily generates revenue from (1) subscription fees and (2) advertising sold on its owned-and-operated streaming experience. 1) Subscription revenue (core stream): - fuboTV sells monthly streaming bundles (base plans and higher-tier packages) that provide access to a lineup of live channels and features such as cloud DVR. - It also earns additional subscription-related revenue from optional add-ons (e.g., extra channel packs and feature upgrades). Specific add-on offerings and pricing vary by market and over time. - Subscription economics are materially influenced by affiliate/content licensing costs paid to TV networks and programming providers, and by subscriber growth/retention. 2) Advertising revenue: - fuboTV sells advertising inventory within its streaming product, including ads inserted into live programming streams where it has the ability to serve ads and ads displayed within its app interface. - Advertising revenue depends on audience size and engagement (subscriber base, viewing hours), ad load, pricing (e.g., CPMs), and advertiser demand. Additional/other revenue: - fuboTV has historically reported other revenue sources (such as technology/platform-related revenue and other services). If current details on specific components are not publicly available in the requested context, null. Key factors and relationships that affect earnings: - Content/programming agreements: Deals with major networks and sports/content owners determine channel availability and drive subscriber demand, while also setting significant recurring costs that impact gross margin. - Distribution platforms: Availability on major connected TV operating systems and app stores supports subscriber acquisition; associated platform terms/fees can affect net revenue. - Advertising ecosystem relationships: Use of ad-tech and programmatic demand partners can expand ad fill and monetization efficiency. Specific, current named partnerships and exact revenue mix percentages: null.

fuboTV Key Performance Indicators (KPIs)

Any
Any
Revenue by Geography
Revenue by Geography
Breaks down revenue across different regions, revealing where fuboTV is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Chart InsightsfuboTV's subscription revenue shows a steady upward trend, bolstered by strategic moves like the merger with Hulu + Live TV, which significantly expanded its subscriber base. Despite a slight decline in North American revenue, the company achieved its strongest third-quarter performance with 1.63 million subscribers. Advertising revenue faced challenges, declining 7% year-over-year, but future growth is anticipated due to increased upfront commitments. The focus on synergies and programming efficiencies, alongside reduced marketing spend, positions fuboTV for sustainable growth and profitability.
Data provided by:The Fly

fuboTV Earnings Call Summary

Earnings Call Date:Feb 03, 2026
(Q1-2026)
|
% Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call communicated clear progress from the Hulu Live combination: meaningful scale (TTM revenue $6.2B), improved profitability with positive pro forma adjusted EBITDA and narrowing net losses, a strong cash position, and near-term monetization opportunities from ad-server integration and an ESPN commerce partnership. Key challenges include slight year-over-year subscriber pressure, content renewal uncertainty (notably with NBCUniversal/Comcast), short-term operating cash flow timing effects, and lack of formal guidance. On balance, operational and financial improvements plus tangible integration synergies outweighed the execution and content risks presented on the call.
Q1-2026 Updates
Positive Updates
Combined Scale and Trailing 12-Month Revenue
On a pro forma basis the combined Fubo and Hulu Live business generated $6.2 billion of revenue on a trailing 12-month basis and ended the period with ~6.2 million North America subscribers, establishing the company as a scaled pay-TV streaming operator.
Quarterly Pro Forma Revenue Growth
North America pro forma revenue for the quarter was $1.68 billion versus $1.58 billion in the prior year period, representing year-over-year growth of 6%.
Meaningful Profitability Improvement
Pro forma adjusted EBITDA for the quarter was positive $41.4 million, nearly doubling from $22 million in the prior year period (approximately +88%). Trailing 12-month pro forma adjusted EBITDA was $77.9 million.
Net Loss Narrowed Substantially
Reported net loss improved to $19.1 million from $38.6 million year-over-year. On a pro forma basis net loss narrowed to $46.4 million compared to $130.4 million last year (improvement of ~$84.0 million).
Strong Cash and Balance Sheet Progress
Ended the quarter with $458.6 million in cash, cash equivalents and restricted cash. Debt profile improved from prior maturities (~$400M maturing Feb '26) to ~$320M with maturities pushed to 2029 and 2031, enhancing liquidity and runway.
Ad Tech Integration to Drive Monetization
Near completion of migrating Fubo ad inventory into Disney's ad server is expected to materially uplift CPMs and fill rates; management indicated CPM and fill uplift opportunities are in the double digits.
Strategic Distribution Partnership with ESPN
Fubo Sports will be included in ESPN's commerce flow, allowing customers to buy Fubo Sports within ESPN's purchase experience — expected to reach a sports-centric audience, lower customer acquisition costs, and improve conversion and retention efficiency.
Record Performance on Latino Product
Fubo delivered record-high subscribers for its Latino product in fiscal Q1 '26; Hulu Live also launched a Spanish language bundle in January, expanding Spanish-speaking plan options.
Product KPIs and Retention Strength for Fubo Sports
The Fubo Sports offering is showing strong trial-to-paid conversion and retention metrics—management noted retention about ~30% above the legacy plan—supporting the company’s sports-focused value proposition.
Negative Updates
Subscriber Count Slightly Lower Year‑Over‑Year
Combined subscribers ended the quarter at ~6.2 million versus ~6.3 million in the prior year period (a decline of roughly 0.1 million, or ~1.6%), creating mixed messaging as management also referenced a 3% year-over-year improvement in certain subscriber metrics.
Content Renewal Uncertainty with NBCUniversal / Comcast
Comcast/NBCUniversal paused renewal engagement following the Versant spin-off and indicated they will not reengage immediately; removal of NBC content occurred and while subscriber impact was modest to date, this creates material uncertainty around future content rights and distribution.
Operating Cash Flow Impacted by Transaction Timing
Operating cash flow was affected in the quarter by working capital timing, specifically a build in accounts receivable following the close of the combination — a near-term drag expected to normalize over subsequent quarters.
No Formal Forward Guidance / Visibility
Management did not provide guidance or guardrails for the year and indicated it needs more time (98 days since close) to refine timing and sizing of key items (subs, ad revenue, content renewals), leaving near-term outlook uncertain.
Pro Forma Net Loss Still Negative
Although improved, pro forma net loss remained at $46.4 million for the quarter (improved from $130.4 million prior year), meaning the combined business is not yet GAAP profitable.
Corporate Actions with Potential Investor Perception Risk
Company announced a planned reverse stock split and a new shelf registration for Disney shares (subject to a 24-month lockup); while management framed these as corporate housekeeping, such actions can create near-term investor concern.
Seasonality and Service Mix Uncertainty
Legacy Fubo remains highly seasonal (fall sports), and management noted uncertainty about how the new skinny sports service will behave seasonally; this complicates modeling of subscriber and revenue trends across quarters.
Company Guidance
There was no formal forward guidance given—management said no guardrails yet and they’re still refining key assumptions—but the call did lay out several measurable expectations and planning metrics: on a pro forma trailing-12-month basis Fubo + Hulu Live generated $6.2 billion of revenue, 6.2 million North America subscribers and $77.9 million of adjusted EBITDA; Q1 North America reported revenue was $1.54 billion (pro forma $1.68 billion, +6% year‑over‑year), reported net loss was $19.1 million (pro forma net loss improved to $46.4 million from $130.4 million) and pro forma adjusted EBITDA was $41.4 million (vs. $22 million prior); cash, cash equivalents and restricted cash totaled $458.6 million; EPS loss was $0.02 on 351.9 million Class A and 947.9 million Class B shares; management reiterated a 2‑year Disney lockup and a planned reverse stock split to be executed by end of fiscal Q2 ’26; previously disclosed expected synergies were $120 million+, with near‑term upside from the ad‑tech migration into Disney’s ad server (management expects a double‑digit uplift in CPMs and fill rates once live later this month), procurement and content savings to flow over time, and the company will refine guidance after key events (Super Bowl, Olympics) and content negotiations.

fuboTV Financial Statement Overview

Summary
Income statement momentum is improving (strong TTM revenue growth, higher gross margin, positive EBITDA and net income), and leverage has improved. However, profitability quality is still uneven (EBIT slightly negative) and cash generation is the main weakness with negative operating cash flow and free cash flow, keeping financial risk elevated until cash flow turns sustainably positive.
Income Statement
64
Positive
TTM (Trailing-Twelve-Months) shows a sharp operating turnaround: revenue rose ~68% to ~$2.72B, gross margin improved to ~17.8%, and EBITDA margin reached ~11.5% (positive versus losses in prior years). Net income is also positive (~$143M, ~7.6% margin), a meaningful swing from 2021–2024 losses. Offsetting the progress, profitability quality still looks mixed with EBIT still slightly negative (about -$52M), implying the business is not yet consistently profitable after core operating costs.
Balance Sheet
52
Neutral
Leverage has improved versus 2024, with debt-to-equity down to ~0.93 (from ~1.93), and equity increased to ~$275M. However, the balance sheet still carries a moderate debt load (~$414M) and equity remains relatively thin versus the scale of operations, leaving less cushion if performance weakens. Return on equity is strong in TTM (~35%), but it follows several years of deeply negative returns, so stability is not yet proven.
Cash Flow
38
Negative
Cash generation remains the key weak spot: TTM (Trailing-Twelve-Months) operating cash flow is still negative (~-$80M) and free cash flow is also negative (~-$81M), despite the swing to positive net income. Free cash flow also deteriorated versus the prior period (growth ~-160%), indicating funding needs may persist until cash profitability is achieved.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.72B1.62B1.37B1.01B638.37M
Gross Profit302.81M203.91M86.15M-41.10M-10.43M
EBITDA216.56M-113.73M-238.07M-370.23M-287.47M
Net Income155.62M-172.25M-287.45M-561.48M-382.84M
Balance Sheet
Total Assets4.10B1.08B1.23B1.28B1.37B
Cash, Cash Equivalents and Short-Term Investments452.41M161.44M245.28M337.09M370.97M
Total Debt670.32M378.42M443.02M442.80M360.64M
Total Liabilities1.44B896.65M948.82M874.44M698.90M
Stockholders Equity275.49M196.37M295.58M413.34M682.10M
Cash Flow
Free Cash Flow-166.36M-95.31M-178.69M-322.69M-206.08M
Operating Cash Flow-166.36M-79.48M-177.62M-316.70M-192.60M
Investing Cash Flow0.00-15.84M-25.42M-12.42M-76.17M
Financing Cash Flow166.36M11.46M111.23M296.27M511.96M

fuboTV Technical Analysis

Technical Analysis Sentiment
Negative
Last Price1.13
Price Trends
50DMA
1.69
Negative
100DMA
2.40
Negative
200DMA
3.05
Negative
Market Momentum
MACD
-0.13
Negative
RSI
25.22
Positive
STOCH
16.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FUBO, the sentiment is Negative. The current price of 1.13 is below the 20-day moving average (MA) of 1.18, below the 50-day MA of 1.69, and below the 200-day MA of 3.05, indicating a bearish trend. The MACD of -0.13 indicates Negative momentum. The RSI at 25.22 is Positive, neither overbought nor oversold. The STOCH value of 16.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FUBO.

fuboTV Risk Analysis

fuboTV disclosed 85 risk factors in its most recent earnings report. fuboTV reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

fuboTV Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
64
Neutral
$14.42B180.683.40%16.61%83.98%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
60
Neutral
$186.36M-14.47-13.07%8.59%28.62%65.54%
56
Neutral
$3.24B14.257.06%2.58%-2.73%-25.06%
52
Neutral
$335.64M-3.481.81%-3.27%86.01%
49
Neutral
$1.43B5.6541.79%1.70%
48
Neutral
$402.30M-1.3727.00%1.39%61.75%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
FUBO
fuboTV
1.13
-2.14
-65.44%
SSP
E. W. Scripps Company Class A
3.77
0.60
18.93%
TGNA
TEGNA
20.03
1.83
10.08%
ROKU
Roku
97.81
16.58
20.41%
IHRT
iHeartMedia
2.86
1.14
66.28%
CURI
CuriosityStream
3.16
0.51
19.34%

fuboTV Corporate Events

Regulatory Filings and ComplianceStock Split
FuboTV Implements 1-for-12 Reverse Stock Split
Neutral
Mar 23, 2026

On February 3, 2026, following a recommendation from FuboTV Inc.’s board, major shareholder Hulu, LLC provided written consent to approve amendments to FuboTV’s certificate of incorporation allowing a reverse stock split of its Class A and Class B common shares at a ratio between 1-for-8 and 1-for-12. The amendments had already been cleared by the board and its audit committee, enabling the company to finalize terms without a broader shareholder meeting.

On March 20, 2026, FuboTV’s board set the reverse split ratio at 1-for-12, and on March 23, 2026 the company filed a certificate of amendment in Delaware to implement the action. FuboTV’s Class A shares are slated to begin trading on a split-adjusted basis on March 24, 2026 under the existing ticker FUBO, a move that consolidates shares and is likely aimed at supporting the stock’s trading price and compliance with exchange listing requirements.

The most recent analyst rating on (FUBO) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on fuboTV stock, see the FUBO Stock Forecast page.

Stock Split
FuboTV Announces 1-for-12 Reverse Stock Split Approval
Neutral
Mar 20, 2026

On March 20, 2026, FuboTV Inc.’s board approved a 1-for-12 reverse stock split, with the action scheduled to take effect at 5:00 p.m. ET on March 23, 2026 and the Class A shares to begin trading on a split-adjusted basis on March 24, 2026 under the existing “FUBO” ticker. Hulu, LLC, which holds sufficient voting power, had previously consented in writing to the move, underscoring major shareholder backing for the capital structure change.

The reverse split will consolidate every twelve shares of FuboTV’s Class A and Class B common stock into one share, cutting outstanding Class A shares from about 353.2 million to 29.4 million and Class B shares from about 947.9 million to 79.0 million. The company aims to better align its share count with its size and enhance the stock’s marketability, particularly among institutional investors, with proportional adjustments to equity awards and convertible notes and cash paid in lieu of fractional shares.

The most recent analyst rating on (FUBO) stock is a Buy with a $1.50 price target. To see the full list of analyst forecasts on fuboTV stock, see the FUBO Stock Forecast page.

Regulatory Filings and ComplianceStock Split
FuboTV approves reverse stock split via written consent
Neutral
Feb 6, 2026

On February 3, 2026, FuboTV Inc. disclosed that Hulu, LLC, which holds sufficient voting power in the company, delivered written consent to approve amendments to FuboTV’s certificate of incorporation to authorize a reverse stock split of its Class A and Class B common stock at a ratio between 1-for-8 and 1-for-12, as recommended by FuboTV’s board of directors. The reverse split, which does not require any further stockholder approval, will only become effective at a future date chosen by the board, and not earlier than 20 days after an information statement is mailed or furnished to shareholders of record, signaling a significant capital-structure move that could affect the company’s share price dynamics and market positioning once implemented.

The most recent analyst rating on (FUBO) stock is a Buy with a $3.50 price target. To see the full list of analyst forecasts on fuboTV stock, see the FUBO Stock Forecast page.

Business Operations and StrategyRegulatory Filings and Compliance
FuboTV Registers Large Potential Share Resale by Hulu
Neutral
Jan 23, 2026

On January 23, 2026, FuboTV Inc. filed prospectus supplements with the U.S. Securities and Exchange Commission related to its existing shelf registration statement, enabling the potential resale by Hulu, LLC of up to 947,910,220 shares of FuboTV’s Class A common stock issuable upon exercise, conversion or exchange of other FuboTV and subsidiary securities held by Hulu, as well as the potential resale by certain other stockholders of up to 29,270,178 shares of Class A common stock issuable upon conversion of the company’s 2029 notes. The move formalizes registration rights granted to Hulu in October 2025 and provides additional liquidity pathways for Hulu and noteholder investors, which may increase the future tradable float of FuboTV shares and could influence the company’s ownership structure and stock trading dynamics over time.

The most recent analyst rating on (FUBO) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on fuboTV stock, see the FUBO Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
FuboTV Repurchases Convertible Notes to Strengthen Capital Structure
Positive
Jan 14, 2026

On January 14, 2026, FuboTV announced it had repurchased $140.2 million of its 3.25% Convertible Senior Notes due 2026 at par plus accrued interest, following a fundamental change triggered by its 2025 business combination with Hulu + Live TV and funded by proceeds from a recently received $145 million term loan. The company will repay the remaining $4.5 million of the 2026 notes in cash at their February 15, 2026 maturity, with management emphasizing that the transaction avoids shareholder dilution and is intended to strengthen Fubo’s capital structure and support its positioning as a scaled streaming TV player for both investors and consumers.

The most recent analyst rating on (FUBO) stock is a Buy with a $4.25 price target. To see the full list of analyst forecasts on fuboTV stock, see the FUBO Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
FuboTV secures Disney loan and addresses convertible notes
Positive
Jan 7, 2026

On January 7, 2026, FuboTV Inc. announced that no holders of its Convertible Senior Secured Notes due 2029 elected to tender their notes for repurchase following the 2025 business combination with Hulu + Live TV, leaving approximately $177.5 million of these 2029 notes outstanding and set to mature on February 15, 2029, unless earlier repurchased or converted. The company also disclosed it has received a $145 million term loan from an affiliate of The Walt Disney Company, which it expects to use to repay its $144.8 million of 3.25% Convertible Senior Notes due 2026 in cash, a move management highlighted as preserving balance sheet liquidity, avoiding shareholder dilution, and enhancing FuboTV’s financial flexibility as it integrates Hulu + Live TV and pursues scaled, profitable growth in the streaming TV market.

The most recent analyst rating on (FUBO) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on fuboTV stock, see the FUBO Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 21, 2026