FuboTV Reports $1.48 Billion Revenue for Quarter Following Hulu Live Integration

FuboTV Inc. reported significant financial results for the three and nine months ended June 30, 2026, following its recent business combination with Hulu Live. The company generated total revenues of $1.48 billion for the quarter, a substantial increase from $1.07 billion in the same period last year. This growth was primarily driven by subscription revenue of $300.4 million, which was non-existent in the prior year, and advertising revenue of $108.9 million, reflecting the integration of Hulu Live's advertising capabilities. For the nine-month period, total revenues reached $4.60 billion, compared to $3.31 billion in the previous year, with subscription revenue contributing $939.7 million and advertising revenue totaling $302 million.

Despite the revenue growth, FuboTV reported an operating loss of $26.6 million for the quarter, an improvement from a loss of $38 million in the same period last year. The nine-month operating loss was $56 million, down from $117.5 million in the prior year. The company attributed the losses to increased operating expenses, which rose to $1.51 billion for the quarter, driven by higher subscriber-related expenses and marketing costs associated with the expanded service offerings. The total operating expenses for the nine months were $4.66 billion, compared to $3.42 billion in the previous year.

FuboTV's customer base also saw growth, with total subscribers reaching 5.75 million in North America as of June 30, 2026, up from 5.63 million a year earlier. The company continues to expand its international presence, operating in markets such as Canada, France, and Spain. The integration of Hulu Live has enhanced FuboTV's content offerings, which is expected to drive further subscriber growth and engagement. The company reported a gross profit of $107.9 million for the quarter, resulting in a gross margin of 7.3%, compared to a gross margin of 0.3% in the prior year.

Looking ahead, FuboTV remains focused on optimizing its content portfolio and enhancing user engagement to improve unit economics. The company has expressed confidence in its ability to attract and retain subscribers, despite the competitive landscape of the streaming industry. FuboTV's management believes that its current cash and cash equivalents of $236.4 million will provide sufficient liquidity to support operations for at least the next twelve months. However, the company acknowledges potential risks from macroeconomic factors, including inflation and market conditions, which could impact its financial performance and growth trajectory.