FuboTV Reports $1.57 Billion Revenue for Three Months Ended March 31, 2026

FuboTV Inc. reported significant financial results for the three and six months ended March 31, 2026, following its recent Business Combination with Hulu Live. The company generated total revenues of $1.57 billion for the three months, a substantial increase from $1.13 billion in the same period last year. For the six months, revenues reached $3.12 billion, compared to $2.23 billion in the prior year. The growth was primarily driven by subscription revenue of $347 million, which was non-existent in the previous year, and advertising revenue of $101.6 million, reflecting the integration of Hulu Live's advertising capabilities.

The company's operating expenses also rose significantly, totaling $1.58 billion for the three months and $3.15 billion for the six months, compared to $1.17 billion and $2.31 billion, respectively, in the prior year. This increase was largely attributed to higher subscriber-related expenses, which amounted to $946.7 million for the three months and $1.90 billion for the six months, driven by the addition of program license fees from the Fubo Services and increased costs associated with the Hulu Live Service. Despite the revenue growth, FuboTV reported an operating loss of $9.08 million for the three months and $29.42 million for the six months, an improvement from the losses of $40.91 million and $79.50 million in the prior year.

In terms of operational metrics, FuboTV reported a total of 5.7 million subscribers in North America as of March 31, 2026, down from 5.9 million a year earlier. The company also noted a slight decrease in subscribers in its international markets, with 328,000 subscribers in the Rest of World category. The company continues to focus on enhancing user engagement and retention through its diverse content offerings and competitive pricing strategies.

FuboTV's balance sheet showed total assets of approximately $3.98 billion as of March 31, 2026, a significant increase from $1.30 billion at the end of the previous fiscal year. This growth was primarily due to the acquisition of Hulu Live's assets, which included substantial goodwill of $2.61 billion. The company also reported cash and cash equivalents of $237.8 million, providing a solid liquidity position to support ongoing operations and strategic initiatives.

Looking ahead, FuboTV expressed optimism about its growth trajectory, emphasizing its commitment to expanding its subscriber base and enhancing its content portfolio. The company is also focused on optimizing its operational efficiencies and leveraging its partnership with Hulu to drive advertising revenue. However, FuboTV acknowledged the potential impact of macroeconomic factors, including inflation and competition, on its future performance. The company plans to continue assessing these risks while pursuing its strategic objectives in the rapidly evolving streaming market.