fuboTV (NYSE:FUBO) reported third-quarter fiscal 2026 results on October 30, 2023, reflecting a revenue of $1.474 billion, up from $1.074 billion the previous year. The company ended the quarter with 5.75 million North American subscribers, a 2% increase compared to 5.63 million a year ago. A net loss of $25.7 million was noted, an improvement from a $38 million loss in the prior-year quarter.
Key factors contributing to subscriber growth included major live events like the 2026 World Cup. The integration of advertising inventory with Disney’s Ad Server led to significant improvements in cost-per-thousand impressions (CPMs) and fill rates. fuboTV now anticipates fiscal 2026 pro forma adjusted EBITDA to be between $90 million and $100 million, raising its outlook as it ends the quarter with $236.4 million in cash.
CEO Alisa Bowen emphasized maintaining distinct branding for Fubo and Hulu + Live TV to cater to different audiences, with a strategic roadmap focused on optimizing pricing, expanding content, and investing in technology, including AI. The company aims for positive free cash flow by fiscal 2027 and 2028.
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