FuboTV Reports First Profit, Hulu Merger Plans Advance

FuboTV reported its second-quarter 2025 financial results, marking a significant milestone with its first-ever positive Adjusted EBITDA of $20.7 million and a narrowed net loss of $8.0 million compared to the previous year. Despite a 2.8% year-over-year revenue decline to approximately $380 million and a 6.5% drop in North American paid subscribers to 1.36 million, the company exceeded analyst revenue and subscriber expectations. FuboTV’s strategic focus on premium sports content and operational cost discipline contributed to improved earnings per share and cash reserves of $289.7 million. The company is advancing its product offerings with new features and services like Fubo Sports and Pay-Per-View options, aiming to enhance subscriber value and content diversity. Crucially, FuboTV has filed for shareholder approval to merge with Hulu + Live TV, a deal with The Walt Disney Company that would combine Hulu's on-demand library with Fubo's live sports expertise, potentially creating a hybrid platform with over 6 million subscribers, though it faces regulatory scrutiny. Leadership expressed confidence in their strategic initiatives and financial discipline, positioning FuboTV for competitive growth and long-term value creation in the evolving streaming market.