Key Financial Data
- Fiscal Q3 Total revenue: $1.48 billion (+38% year-over; flat pro forma)
- North America revenue: $1.47 billion (essentially flat on a pro forma basis)
- Ex-North America revenue: $7.8 million (-9%)
- Subscription revenue: $300.4 million
- Advertising revenue: $108.9 million (-0.4%s)
- Other revenue: $4.5 million (+61.6%)
- Operating loss: $26.6 million (compared with an operating loss of $38.0 million)
- North America subscribers: 5.75 million (+2%)
- Global subscribers (excluding North America): 356,000 (+2%)
- Net loss: $25.7 million
- Net loss attributable to common shareholders: $8.2 million, compared with $38.0 million
- Read more Q2 2026 earnings coverage | Fubo coverage
Sports-centric streaming service Fubo reported modest subscriber growth during its fiscal third quarter (Q3, coincides with calendar Q2) of the year, as sports fans flocked to the service to watch the FIFA World Cup tournament aired on Fox Sports and NBC’s Telemundo.
The streaming service experienced a rare bump in subscribers during its fiscal Q3 — typically, the summer months are slower for Fubo and Hulu with Live TV, which are now reported as a joint operation, as sports fans look to other services and activities during the National Football League (NFL) and National Basketball Association (NBA) off-season.
Total revenue during fiscal Q3 clocked in at $1.48 billion, up 38 percent from $1.07 billion on an as-reported basis. The year-over comparison reflects the October combination with Hulu Live TV, however. On a pro forma basis that assumes the transaction occurred before the comparison period, revenue was essentially unchanged from $1.48 billion.
Across the two streaming services, Fubo’s subscriber count increased by nearly 120,000 to end the quarter with 5.75 million paying customers, most of whom are streaming content through Hulu with Live TV. Fubo and Disney no longer report separate subscriber counts for the services on an individual basis; historically, Hulu with Live TV has been the stronger of the two platforms.
North American revenue reached $1.47 billion, compared with pro forma revenue of $1.48 billion a year earlier. Advertising revenue totaled $108.9 million, nearly flat from $109.4 million on a comparable pro forma basis.
The company reported a net loss of $25.7 million, compared with an as-reported loss of $38 million and a pro forma loss of $72 million a year earlier. The net loss attributable to common shareholders narrowed to $8.2 million. Fubo recorded a diluted loss of $0.25 per share.
World Cup viewership aside, Fubo said improvements following its migration to Disney’s advertising technology increased fill rates and advertising prices on Fubo. Subscriber referrals from ESPN’s “Where to Watch” pages converted from free trials to paid plans at higher rates than customers acquired through other channels, according to the shareholder letter.
Alisa Bowen, who was appointed to serve as Fubo’s CEO last month, said the core service’s combination with Hulu’s live TV products created one of North America’s largest virtual pay television providers, with more than $6 billion in pro forma revenue during the previous fiscal year.
“Looking ahead, I am working closely with our teams to sharpen our strategic focus, and determine where we can amplify our opportunities to accelerate growth and drive profitability, as we continue to position Fubo TV for this next phase,” Bowen said in a prepared statement.
Specific plans weren’t outlined in Bowen’s letter that accompanied Fubo’s fiscal Q3 earnings release, but Bowen promised to offer more insight into her long-term vision for the company during its November conference call.
Stock Price
Shares of Fubo were trading around 7 percent higher by Wednesday afternoon.
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