FUBO Stock Cracks Post Earnings: Retail Bets On Disney Synergy, But Timeline Tests Patience

• The company reported net revenue of $1.574 billion in the second quarter, narrowly missing analysts' expectations of $1.58 billion.
• FuboTV reported a decline in the North American market, with 5.7 million paid subscribers, down from 5.9 million year over year.
• The company reaffirmed its guidance for 2026.

Shares of FuboTV Inc. (FUBO) tanked over 4% on Wednesday, despite posting record global revenue in its fiscal second quarter and reaffirming its full-year 2026 guidance, the first report card since becoming a combined company with Disney's Hulu + Live TV.

The company reported net revenue of $1.574 billion in the second quarter, narrowly missing analysts' expectations of $1.58 billion, while it narrowed its Net Loss to $6.2 million, compared with a pro forma Net Loss of $40.9 million in the prior-year period.

While in the Rest Of World (ROW) market, FuboTV reported revenue of $8.3 million, flat compared to Pro Forma Revenue of $8.3 million in a year-ago quarter. 

FUBO’s Bet On Subscriber Growth

On the paid subscriber front, Fubo reported a decline in North America, with 5.7 million paid subscribers, down from 5.9 million in Q2 fiscal 2025. It also reported a decline in its ROW market, with 328,000 paid subscribers, down from 354,000 year over year.

In a shareholder letter, the company laid out its near-term plans. FuboTV said it's focused on improving its reach via ESPN.com’s “Where to Watch” pages, which is expected to launch soon. 

The company also stated that its previously announced integration of Fubo Sports into the ESPN commerce flow is expected to launch in the first half of 2027. 

As a result of these initiatives, the company said it expects to achieve sustained subscribers, revenue and margin growth along with its other initiatives.

FUBO Reaffirms 2026 Guidance 

Fubo stated that it would reiterate its 2026 pro forma adjusted earnings before Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) guidance in the range of $80 million to $100 million.

It also expects pro forma adjusted EBITDA for 2028 to be at least $300 million and anticipates to have positive free cash flows in fiscal 2027 and fiscal 2028 as per its current operating plan.

By the end of 2026, the company expects its cash and cash equivalents to be at least $200 million.

What Retail Traders Think About FUBO

On Stocktwits, retail sentiment surrounding the stock improved to ‘bullish’ from ‘neutral’ while message volumes also improved to ‘high’ from ‘low’.

One user on Stocktwits spoke about Fubo’s partnership with Disney and its importance for the company.

Another user said the retailers will have to wait for the next couple of quarters to see how ESPN resale stuff, integration and the Hulu LiveTV bundling plays out.

Shares of FuboTV have declined more than 63% year-to-date.

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