fuboTV (NYSE:FUBO) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

fuboTV (NYSE:FUBO) announced its earnings results on Wednesday. The company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.04, Briefing.com reports. fuboTV had a negative return on equity of 8.92% and a negative net margin of 0.71%.The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm earned ($0.02) earnings per share. The company’s revenue was up 38.0% on a year-over-year basis.

Here are the key takeaways from fuboTV’s conference call:

• Subscriber trends improved, with North American subscribers rising 2% year over year to 5.75 million and a 25,000 sequential gain, helped by World Cup programming and enhanced Spanish-language offerings.
• Advertising integration with Disney is showing early traction, including double-digit year-over-year increases in CPMs and fill rates on Fubo, while June delivered the company’s strongest ad-growth month in at least two years.
• Management raised the low end of fiscal 2026 pro forma Adjusted EBITDA guidance, now expecting $90 million–$100 million, and reiterated targets for at least $300 million of Adjusted EBITDA in fiscal 2028 and positive free cash flow in 2027 and 2028.
• Management sees substantial synergy and growth potential from the Hulu + Live TV combination, including better programming and vendor-contract economics, ESPN customer referrals, Disney+ distribution, and Disney’s advertising technology and sales scale.
• New CEO Alisa Bowen is conducting a strategic review focused on pricing and packaging, content, distribution and marketing partnerships, and product innovation, with more detailed plans expected on the November earnings call.

fuboTV Price Performance

FUBO traded up $0.21 during trading on Friday, reaching $9.21. The stock had a trading volume of 827,469 shares, compared to its average volume of 1,594,032. The firm has a market capitalization of $271.00 million, a price-to-earnings ratio of -7.17 and a beta of 2.40. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.46. fuboTV has a 1-year low of $7.95 and a 1-year high of $56.64. The stock has a 50 day moving average of $9.54 and a two-hundred day moving average of $13.32.

Analysts Set New Price Targets

A number of equities analysts recently commented on FUBO shares. Citizens Jmp reiterated a “market outperform” rating and issued a $15.00 price target on shares of fuboTV in a research note on Thursday, June 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of fuboTV in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $15.00 price objective on shares of fuboTV in a research note on Friday, June 12th. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of fuboTV in a report on Thursday, June 11th. Finally, Wedbush lowered their target price on shares of fuboTV from $24.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, fuboTV currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.83.

Insider Transactions at fuboTV

In related news, COO Alberto Horihuela sold 141,074 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.38, for a total transaction of $1,464,348.12. Following the completion of the sale, the chief operating officer directly owned 141,074 shares of the company’s stock, valued at $1,464,348.12. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On fuboTV

Several institutional investors and hedge funds have recently bought and sold shares of the business. Graham Capital Management L.P. acquired a new position in fuboTV during the fourth quarter worth $159,000. MML Investors Services LLC grew its stake in shares of fuboTV by 163.4% during the fourth quarter. MML Investors Services LLC now owns 32,096 shares of the company’s stock valued at $81,000 after purchasing an additional 19,910 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of fuboTV in the 3rd quarter valued at $148,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of fuboTV in the 3rd quarter valued at about $145,000. Finally, Caxton Associates LLP acquired a new position in fuboTV in the second quarter valued at approximately $95,000. Hedge funds and other institutional investors own 39.31% of the company’s stock.

fuboTV Company Profile

fuboTV Inc is a sports-focused live TV streaming platform that provides subscribers with access to a broad range of televised sports, news and entertainment programming. The service offers tiered channel packages featuring major networks such as ESPN, Fox Sports, NBC and regional sports networks, along with bundled options for premium channels and international programming. A core element of fuboTV’s proposition is its cloud DVR functionality, which enables users to record live events and store them for later viewing.

In addition to its live television offerings, fuboTV has developed an in-house ad-supported streaming network—fubo Sports Network—that delivers original sports news, analysis and highlights.