fuboTV Q3 Earnings Call Highlights

fuboTV reported third-quarter fiscal 2026 results reflecting its second full quarter as a combined company with Hulu + Live TV, with management highlighting subscriber gains tied to major live sports, early advertising monetization improvements and a higher full-year adjusted EBITDA outlook. North America revenue was $1.474 billion, compared with $1.074 billion a year earlier. On a pro forma basis, which assumes the Hulu + Live TV combination had been completed at the start of the comparable period, revenue was approximately flat from $1.475 billion in the prior-year quarter. The company ended the quarter with 5.75 million North American subscribers, up 2% from 5.63 million a year earlier. Rest-of-world subscribers rose 2% to 356,000, while rest-of-world revenue declined to $7.8 million from pro forma revenue of $8.6 million. The company posted a net loss of $25.7 million, narrowing from a $38 million loss in the prior-year period. Loss per share was $0.25. Adjusted EBITDA was $19.1 million, compared with pro forma adjusted EBITDA of $31 million a year earlier. Chief Executive Officer Alisa Bowen, who was hosting her first earnings call as fuboTV’s CEO, said major live events supported subscriber performance during the quarter. She cited engagement around the NBA Finals and the 2026 World Cup, which concluded roughly two and a half weeks before the call. Bowen said fuboTV carried World Cup programming in English through Fox and in Spanish through Telemundo and Universo after renewing its NBCUniversal partnership for the Fubo service. The event supported total subscriber growth, with particular strength in enhanced Spanish-language offerings and Fubo-branded services, she said. Chief Financial Officer John Janedis said the availability of World Cup programming had a favorable subscriber impact, though the company does not disclose performance for individual services. He contrasted a pro forma sequential subscriber decline of about 250,000 in the third quarter of 2025 with a sequential gain of 25,000 subscribers in the latest quarter. Management said it expects some attrition following the tournament but views the event as a means of attracting higher-quality subscribers to Fubo. Bowen also said referrals from ESPN’s “Where to Watch” feature have converted from free trials to paid subscriptions at a higher rate than customers acquired through other channels, while showing favorable early retention trends. fuboTV said its migration of advertising inv...