Why Did FUBO Stock Jump 20% Today?

• The company raised its 2028 adjusted EBITDA target to at least $300 million
• FuboTV expects to maintain positive free cash flow in fiscal 2027 and 2028 at the current operating plan.
• Retail sentiment on Stocktwits regarding the stock is ‘Neutral’, with low message volume.

Shares of streaming company FuboTV Inc. (FUBO) rose more than 20% premarket on Monday after the company raised its earnings before interest, tax, depreciation, and amortization (EBITDA) and free cash flow guidance for fiscal 2027 and 2028.

The company expects its 2026 pro forma adjusted EBITDA guidance to be in the range of $80 million to $100 million, while for fiscal 2028, it expects adjusted EBITDA to reach $300 million.

In fiscal 2025, the company generated $59 million in pro forma adjusted EBITDA. The streaming company expects adjusted EBITDA to grow at a compounded annual growth rate of more than 80% based on the midpoint of the fiscal 2026 outlook and the fiscal 2028 target of $300 million.

For fiscal 2028, the company said its expectations are supported by contractually obligated wholesale fees under its deal with Hulu. It gets a wholesale fee at a ratio to Hulu + Live TV’s carriage costs. This ratio is at 95% in 2026, increasing to 97.5% in 2027 and approaching 99% in 2028 and beyond.

The company also expects that, based on its current operating plan, cash flow will be positive in fiscal 2027 and that it won’t require any additional financing for fiscal 2028. FuboTV expects fiscal 2026 to end with at least $200 million in cash and cash equivalents, compared with $274 million as of Sept. 30, 2025. 

FUBO’s Litigation Charges And Debt Obligations

In the same letter, the company also stated that, for the fiscal year 2026 year-to-date, it made about $50 million in payments for litigation and transaction-related expenses. 

The company stated it has about $323 million in debt obligations with no maturities until 2029. 

CEO David Gandler also addressed the stock’s reverse split, saying, "The reverse stock split does not change the fundamentals of a business. It does not impact Fubo's cash, operations, or our long-term earnings potential." 

How Did Retail Traders React?

According to Stocktwits data, retail investors remain ‘Neutral’ amid ‘Low’ message volume.

Year to date, FuboTV shares have sunk more than 61% in the market.

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