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FUBO

fuboTV Inc.

FUBO

fuboTV Inc. • NYSE
$3.03 ▲ 0.66% (+0.02)
Market Cap $1.04 B
52w High $6.45
52w Low $1.21
Dividend Yield 0%
P/E 9.47
Volume 8.54M
Outstanding Shares 342.72M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $377.195M ▼ $88.222M ▲ $-18.866M ▼ -5.002% ▼ $-0.055 ▼ $-6.156M ▼
Q2-2025 $379.968M ▼ $83.688M ▼ $-8.03M ▼ -2.113% ▼ $-0.02 ▼ $7.926M ▼
Q1-2025 $416.286M ▼ $94.652M ▼ $188.493M ▲ 45.28% ▲ $0.55 ▲ $208.741M ▲
Q4-2024 $443.277M ▲ $111.217M ▼ $-38.549M ▲ -8.696% ▲ $-0.11 ▲ $-24.833M ▲
Q3-2024 $386.207M $112.757M $-52.423M -13.574% $-0.16 $-38.511M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $274.15M ▼ $1.199B ▲ $808.114M ▲ $402.093M ▼
Q2-2025 $283.58M ▼ $1.192B ▼ $792.027M ▼ $411.711M ▲
Q1-2025 $321.617M ▲ $1.216B ▲ $826.51M ▼ $400.391M ▲
Q4-2024 $161.435M ▲ $1.077B ▼ $896.646M ▲ $196.37M ▼
Q3-2024 $146.175M $1.102B $880.071M $235.432M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-18.871M ▼ $-6.516M ▲ $-2.894M ▲ $-20K ▲ $-9.43M ▲ $-3.609M ▲
Q2-2025 $-8.026M ▼ $-34.617M ▼ $-3.276M ▲ $-136K ▼ $-38.029M ▼ $-37.893M ▼
Q1-2025 $188.493M ▲ $161.402M ▲ $-3.701M ▲ $2.484M ▲ $160.182M ▲ $161.054M ▲
Q4-2024 $-40.932M ▲ $19.836M ▲ $-4.583M ▼ $1K ▲ $15.254M ▲ $15.253M ▲
Q3-2024 $-54.684M $235K $-3.566M $-5.679M $-9.01M $-3.331M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Advertising
Advertising
 $30.00M ▲$20.00M ▼$30.00M ▲$30.00M ▲
Service Other
Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲
Subscription and Circulation
Subscription and Circulation
 $410.00M ▲$390.00M ▼$350.00M ▼$350.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Fubo has grown its revenue rapidly over the past five years and has finally moved its core television service into positive gross profit, which is a meaningful milestone. However, the company still operates at a loss, with operating, EBITDA, and net income all negative, even though the size of those losses has been shrinking each year. In plain terms, the business is clearly gaining scale and improving its unit economics, but it has not yet proven it can cover its full cost base and generate lasting profits.

Balance Sheet

Balance Sheet The balance sheet shows a business that is capital-light but still financially stretched. Total assets have edged down from earlier peaks, cash has declined from prior years, and debt is now a meaningful part of the capital structure rather than a small side item. Shareholders’ equity remains positive but has been shrinking, reflecting accumulated losses. Overall, the company has some cushion, but its margin for error is thinner than it used to be, which heightens the importance of continued progress toward profitability.

Cash Flow

Cash Flow Cash flow from operations has been negative throughout the period, though the outflow has been steadily improving as the business scales. Free cash flow follows the same pattern: still negative but moving in the right direction, helped by relatively low spending on physical assets. This means Fubo is still reliant on external funding or balance sheet resources to support its operations, but it is burning less cash than in the past, suggesting better cost control and more efficient growth.

Competitive Edge

Competitive Edge Fubo’s competitive edge comes from its clear identity as a “sports-first” streaming bundle and its emphasis on live, high-quality sports viewing. This focus attracts a passionate, sticky audience and positions Fubo as a modern replacement for traditional cable for sports fans. At the same time, it operates in a brutally competitive arena against large tech platforms, media conglomerates, and cable providers, all of which can bid up sports rights and compress margins. High content costs and intense rivalry remain the central structural challenges to its model.

Innovation and R&D

Innovation and R&D The company is leaning heavily on technology to stand out: multi-view screens, live stats overlays, low-latency streams, strong cloud DVR, and a growing use of AI and computer vision for interactivity and advertising. The acquisition of Edisn.ai underpins many of these capabilities, from real-time player tracking to smarter, more targeted ads. Fubo is also experimenting with interactive features like predictive games and transactional ad formats, plus a channel store “super aggregator” approach. If executed well, these innovations can deepen engagement and improve monetization, but they also require continued investment and careful execution.

Summary

Fubo is a classic “high growth, not yet profitable” story in the streaming world. It has built a differentiated product for sports enthusiasts and is steadily improving its financial profile, with rising revenue, better gross margins, and shrinking losses. However, it still burns cash, carries more debt than in the past, and operates in a structurally tough industry with expensive content and powerful competitors. The key questions going forward are whether Fubo can keep growing its sports-focused ecosystem, scale its advertising and interactive tech, and control content and operating costs enough to achieve durable, self-funding profitability.

NEWS

November 25, 2025 · 12:00 PM UTC

Statement From Fubo Regarding NBCUniversal Pulling Its Programming From Fubo Customers

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November 5, 2025 · 9:00 AM UTC

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

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November 3, 2025 · 7:00 AM UTC

Fubo Powers Through Q3 2025 With Strong Growth in Subscriber and Profitability Metrics

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October 29, 2025 · 8:25 AM UTC

Fubo, Disney's Hulu + Live TV Complete Business Combination, Creating Unique Consumer Focused vMVPD

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October 27, 2025 · 9:00 AM UTC

Fubo to Announce Q3 2025 Financial Results on November 3, 2025

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