Q1 2026 FuboTV Inc Earnings Call Transcript
Key Points
- FuboTV Inc (FUBO) successfully closed its business combination with Hulu Live, resulting in greater scale, broader distribution, and improved economics.
- On a pro forma basis, the combined Fubo and Hulu Live businesses generated $6.2 billion in revenue and ended the period with 6.2 million subscribers in North America.
- The company reported a positive pro forma adjusted EBITDA of $41.4 million, nearly doubling from $22 million in the prior year period.
- FuboTV Inc (FUBO) is nearing completion of integrating its ad tech into the Disney ad server, expected to drive a meaningful uplift in both CPM and fill rates.
- The company delivered record high subscribers on Fubo's Latino product, and Hulu Live launched a Spanish language bundle, expanding options for Spanish-speaking customers.
- FuboTV Inc (FUBO) faced challenges with NBCUniversal, as Comcast ceased engagement in renewal discussions, impacting content availability.
- The company reported a net loss of $19.1 million, although this was an improvement from the prior year period.
- Subscriber numbers in North America slightly decreased to 6.2 million from 6.3 million in the prior year.
- The company announced a planned reverse stock split, which may cause concern among investors about stock volatility.
- FuboTV Inc (FUBO) is not providing specific guidance for the year, citing uncertainties in timing and sizing of certain factors impacting revenue.
Hello and thank you for standing by. My name is Tiffany and I will be your conference operator today. At this time, I would like to welcome everyone to the Fubo first quarter 2026 earnings call.
All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session.
(Operator Instructions) I would now like to turn the call over to Ameet Padte, SVP of Financial Planning, Analysis, Corporate Development, Investor Relations. Ameet, please go ahead.
Thank you for joining us to discuss Fubo's first quarter fiscal 2026 results. With me today is David Gandler, Co-founder and CEO of Fubo, and John Janedis, CFO of Fubo.
Full details of our results and additional management commentary are available in our earnings release and letter to shareholders, which can be found on the Investor Relations section of our website at ir.fubo.tv.
Before we begin, let me quickly review the
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