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1. Company Snapshot

1.a. Company Description

fuboTV Inc.operates a live TV streaming platform for live sports, news, and entertainment content in the United States and internationally.Its fuboTV platform allows customers to access content through streaming devices, as well as on SmartTVs, computers, mobile phones, and tablets.


The company is headquartered in New York, New York.

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1.b. Last Insights on FUBO

FuboTV's recent performance was hindered by a Q1 loss of $0.02 per share, surpassing the Zacks Consensus Estimate of a loss of $0.04. This compares to a loss of $0.11 per share in the same period last year. The company's revenue growth was strong, but declining ad revenues and rising content costs suggest a challenging environment. Additionally, FuboTV's Q1 subscriber guidance was disappointing, and macroeconomic changes remain a concern.

1.c. Company Highlights

2. Fubo's Q3 2025 Earnings: A Strong Standalone Performance and Transformative Combination with Hulu+ Live TV

Fubo's third quarter 2025 earnings report showcased a robust standalone performance, with 1,630,000 paid subscribers in North America, $369 million in total revenue, and significant improvements in net loss and adjusted EBITDA. The company achieved its second consecutive quarter of positive adjusted EBITDA, with $6.9 million, and a net loss of $18.9 million or $0.06 per share. Notably, the actual EPS came out at $0.02, beating estimates of -$0.04. Revenue growth was substantial, with total revenue reaching $368.6 million in North America and $8.6 million in the Rest of World.

Publication Date: Nov -18

📋 Highlights
  • Subscriber Growth:: 1.63 million paid subscribers in North America, combining Fubo and Hulu+ Live TV for a total of ~6 million subscribers.
  • Revenue & Profitability:: $369M total revenue, $6.9M positive adjusted EBITDA (2nd consecutive quarter), and $18.9M net loss ($0.06/share).
  • Advertising Momentum:: $25M ad revenue (down 7% YoY), but upfront commitments for 2025-26 cycle up 36% YoY, signaling stronger ad demand.
  • Cost Efficiency:: 68% increase in net adds despite reduced sales/marketing spend, and 50% lower churn rate, driving improved retention.
  • Long-Term Targets:: Aim for $100 revenue ARPU, 30% gross margins, and 15% EBITDA margins, leveraging programming efficiencies and Disney synergies.

Operational Highlights

The combination with Hulu+ Live TV forms one of the largest live TV streaming services in America, with nearly 6 million subscribers in North America. Fubo's CEO, David Gandler, stated that the company's mission remains clear: to deliver must-have programming through a flexible, value-forward experience. The company has made significant improvements in its underlying metrics, including a 50% decline in churn and increased trial starts and conversions. The skinny bundle, launched by fubo, has seen 20% sequential subscriber growth, with minimal impact on subscription ARPU.

Financial Performance

Advertising revenue totaled $25 million, down 7% year-over-year, but demand indicators remain constructive, with upfront commitments for the 2025-2026 cycle up over 36% versus last year. Fubo's CFO, John Janedis, discussed the company's financial results, highlighting the reduction in sales and marketing costs year-over-year, achieving a 68% increase in net adds while decreasing its marketing spend.

Growth Prospects

In the next 6-9 months, fubo expects to drive significant growth, with a focus on programming efficiencies, ad tech uplift, and marketing at scale. The company believes it will be a very important growth engine for the combined company, with strong net adds, record churn numbers, and a growing Latino audience. Analysts estimate next year's revenue growth at 2.4%.

Valuation

With a P/S Ratio of 0.71 and an EV/EBITDA of 6.75, the market seems to have a reasonable expectation of Fubo's growth prospects. The company's current valuation multiples indicate that the market has priced in some level of growth, but there is still room for upside given the expected synergies from the business combination. The Free Cash Flow Yield of 11.71% is also attractive, suggesting that the company may have sufficient cash flow to invest in growth initiatives.

3. NewsRoom

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Why Did the FuboTV COO Just Sell 139,000 Shares for Almost $440,000?

Dec -04

Source: fool.com

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4 Discretionary Stocks to Buy on Rising Hopes of a December Rate Cut

Dec -04

Source: zacks.com

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NBCUniversal, Fubo Lash Out Amid Carriage Fight

Nov -25

Source: deadline.com

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Statement From Fubo Regarding NBCUniversal Pulling Its Programming From Fubo Customers

Nov -25

Source: businesswire.com

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FuboTV-Disney Courtroom Battle Shifts To Boardroom Win In Hulu Deal

Nov -18

Source: forbes.com

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Meet the Tiny Publicly Traded Winner in the YouTube TV and Disney Dispute

Nov -17

Source: fool.com

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Top Streaming Stocks Positioned to Gain From Expanding Content Trends

Nov -11

Source: zacks.com

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Fubo Channel Store Launches Giving Consumers Frictionless Access to Premium Standalone Plans

Nov -05

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.83%)

6. Segments

Subscription

Expected Growth: 12%

FuboTV's 12% subscription growth is driven by increasing adoption of cord-cutting, rising demand for live sports and entertainment content, and the company's expanding distribution channels. Additionally, its user-friendly interface, competitive pricing, and strategic partnerships with sports leagues and media companies contribute to its growing subscriber base.

Advertising

Expected Growth: 10%

FuboTV's 10% growth in advertising is driven by increasing demand for live sports and entertainment content, expansion into new markets, and strategic partnerships with sports leagues and media companies. Additionally, the company's focus on targeted advertising and data-driven marketing solutions is attracting more advertisers, leading to revenue growth.

Other

Expected Growth: 9%

FuboTV's 9% growth is driven by increasing adoption of its sports-centric streaming service, expansion into new markets, and growing demand for live sports and entertainment content. Additionally, strategic partnerships, improved user experience, and targeted marketing efforts contribute to its growth momentum.

7. Detailed Products

FuboTV

A live TV streaming service that offers a range of channels, including sports, news, and entertainment

Fubo Sports Network

A free, ad-supported sports network that offers exclusive sports content, news, and analysis

Fubo Cycling

A subscription-based service that offers live and on-demand cycling content, including races and documentaries

Fubo Gaming

A free, interactive gaming platform that allows users to play games and compete with others

8. fuboTV Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

fuboTV Inc. faces moderate threat from substitutes as customers have alternative options for live sports and entertainment, such as traditional TV, streaming services, and social media platforms.

Bargaining Power Of Customers

fuboTV Inc. has a low bargaining power of customers due to its niche market focus on sports and entertainment, making it difficult for customers to negotiate prices or terms.

Bargaining Power Of Suppliers

fuboTV Inc. has a moderate bargaining power of suppliers, as it relies on a few major content providers, but has some flexibility to negotiate prices and terms.

Threat Of New Entrants

fuboTV Inc. faces a high threat of new entrants, as the streaming industry is highly competitive and new players can easily enter the market with innovative offerings.

Intensity Of Rivalry

fuboTV Inc. operates in a highly competitive market with intense rivalry among existing players, including traditional TV networks, streaming services, and social media platforms.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 57.81%
Debt Cost 3.95%
Equity Weight 42.19%
Equity Cost 14.30%
WACC 8.31%
Leverage 137.00%

11. Quality Control: fuboTV Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Scripps

A-Score: 4.8/10

Value: 9.8

Growth: 7.1

Quality: 6.8

Yield: 0.0

Momentum: 4.0

Volatility: 1.3

1-Year Total Return ->

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Stock-Card
fuboTV

A-Score: 4.5/10

Value: 6.0

Growth: 5.2

Quality: 5.6

Yield: 0.0

Momentum: 9.5

Volatility: 0.7

1-Year Total Return ->

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Urban One

A-Score: 3.6/10

Value: 9.6

Growth: 1.6

Quality: 3.2

Yield: 0.0

Momentum: 4.0

Volatility: 3.0

1-Year Total Return ->

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MediaCo Holding

A-Score: 3.2/10

Value: 7.5

Growth: 2.8

Quality: 4.9

Yield: 0.0

Momentum: 3.5

Volatility: 0.7

1-Year Total Return ->

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Beasley Broadcast Group

A-Score: 2.7/10

Value: 8.2

Growth: 2.7

Quality: 3.4

Yield: 0.0

Momentum: 0.0

Volatility: 2.0

1-Year Total Return ->

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Cumulus Media

A-Score: 2.0/10

Value: 9.0

Growth: 1.0

Quality: 2.2

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

2.85$

Current Price

2.85$

Potential

-0.00%

Expected Cash-Flows