fuboTV Reports Q2 2025 Revenue Decline to $380M, Operating Loss Improves

fuboTV Inc. reported its financial results for the second quarter of 2025, revealing total revenues of $380.0 million, a decrease from $391.0 million in the same period last year. The decline was primarily attributed to a $10.3 million drop in subscription revenue, which was partially offset by a $3.2 million increase in subscription package prices and attachments sold. Advertising revenue also saw a slight decrease, falling to $25.9 million from $26.3 million year-over-year. For the first half of 2025, total revenues reached $796.3 million, a modest increase from $793.3 million in the prior year, driven by a rise in subscription revenue.

The company reported an operating loss of $6.0 million for the second quarter, significantly improved from a loss of $35.7 million in the same quarter of 2024. This improvement was largely due to a reduction in subscriber-related expenses, which fell to $291.4 million from $326.5 million, reflecting a decrease in subscribers and the expiration of certain content agreements. For the first half of 2025, fuboTV recorded a net income from continuing operations of $180.5 million, bolstered by a $220.0 million gain from the settlement of antitrust litigation against Disney and other parties.

In terms of operational metrics, fuboTV had approximately 1.4 million paid subscribers in North America as of June 30, 2025, down from 1.5 million a year earlier. The company continues to focus on enhancing user engagement and retention through its streaming platform, which offers a variety of sports, news, and entertainment content. The company has also expanded its international presence, operating in Canada, Spain, and France.

Strategically, fuboTV is in the process of a significant business combination with Hulu and Disney, which is expected to enhance its market position. The agreement includes the formation of a new entity, Newco, in which Hulu will hold a 70% economic interest and fuboTV will hold 30%. This transaction is subject to various closing conditions, including shareholder and regulatory approvals. The company has also entered into a commitment letter for a potential $145.0 million senior unsecured term loan to support its operations.

Looking ahead, fuboTV's management expressed optimism about its liquidity position, with cash and cash equivalents totaling $289.7 million as of June 30, 2025. The company believes it has sufficient resources to continue operations for at least the next twelve months, although it acknowledges that future capital requirements will depend on its ability to attract and retain subscribers in a competitive market. The company is also monitoring macroeconomic factors that could impact its financial performance.