fuboTV (FUBO) Q3 2026 earnings summary

Executive summary

• Completed a transformative business combination with Hulu Live Business, resulting in Hulu holding a 70% economic and voting interest and the company managing both Fubo and Hulu Live brands.

• New CEO Alisa Bowen emphasized profitable growth, leveraging streaming and media integration experience.

• Strong subscriber engagement was driven by major live events, notably the World Cup and NBA Finals.

• Revenues for the nine months ended June 30, 2026, increased to $4.60 billion from $3.31 billion year-over-year, driven by the addition of Fubo Services and higher advertising and related party revenues.

• CEO transition: David Gandler departed as CEO on July 9, 2026, with a severance agreement including cash and equity compensation.

Financial highlights

• Global Q3 FY 2026 revenue was $1.482 billion, up 38% year-over-year; North America Q3 revenue was $1.474 billion.

• Gross profit for the nine months ended June 30, 2026, was $338.8 million, with a gross margin of 7.4%.

• Net loss for Q3 FY 2026 was $25.7 million, improved from $38 million in the prior year; net loss attributable to common shareholders for the nine months ended June 30, 2026, was $16.3 million.

• Adjusted EBITDA was $19.1 million for Q3 FY 2026, down from pro forma $31 million last year.

• Ended Q3 with $236.4 million in cash, cash equivalents, and restricted cash.

Outlook and guidance

• Fiscal 2026 pro forma Adjusted EBITDA guidance raised to $90–$100 million.

• At least $300 million Adjusted EBITDA targeted for fiscal 2028.

• Positive free cash flow anticipated in fiscal 2027 and 2028.

• Fiscal 2026 ending cash guidance reaffirmed at a minimum of $200 million.

• Management expects existing cash and cash equivalents to provide necessary liquidity for at least the next twelve months.