FuboTV Narrows Losses to $25.7 Million as Subscriber Base Reaches Record High
New York, Saturday, 8 August 2026.
Under new CEO Alisa Bowen, FuboTV narrowed its quarterly net loss to $25.7 million while subscriber numbers hit a record 5.75 million, setting up a November strategy update.
Quarterly Financial Performance and Subscriber Growth
FuboTV Inc. (NYSE: FUBO) reported fiscal third-quarter 2026 revenue of $1.482 billion, representing a significant increase from the $1.074 billion recorded in the same period of the previous year [2][5]. This growth trajectory calculates to a year-over-year revenue increase of 37.989 percent, driven largely by the integration of Hulu + Live TV transactions and high-demand sports programming [2][5]. Despite the revenue gains, the company reported a net loss of $25.7 million for the quarter, an improvement from the $38.0 million loss reported in Q3 2025 [3][5]. The company ended the quarter on June 30, 2026, with 5.75 million paid subscribers in North America, marking a 2% year-over-year increase from 5.63 million [1][5].
Leadership Transition and Market Reaction
Alisa Bowen, who succeeded co-founder David Gandler as CEO in July 2026, expressed confidence in the company’s differentiation and growth prospects following her appointment [1][4]. Bowen noted that the core service’s combination with Hulu’s live TV products created one of North America’s largest virtual pay television providers, generating more than $6 billion in pro forma revenue during the previous fiscal year [4]. Market reaction to the earnings report was positive, with FuboTV shares trading approximately 7 percent higher on Wednesday, August 5, 2026, following the announcement [4]. However, as of August 7, 2026, the stock remained down 68% year-to-date, trailing broader market indices such as the iShares Russell 2000 Value ETF [5].
Strategic Guidance and Future Outlook
Looking ahead, management raised the lower end of its fiscal 2026 adjusted EBITDA guidance to a range of $90 million to $100 million, up from the previous $80 million to $100 million [1][5]. The company reaffirmed its target of achieving at least $300 million in adjusted EBITDA by fiscal 2028 and reiterated expectations to generate positive free cash flow in fiscal 2027 and 2028 [5][6]. Bowen indicated that a broader update on growth plans and shareholder value initiatives would be provided during the company’s next earnings call in November 2026 [1][4]. This upcoming strategic reveal is anticipated to outline new profitability initiatives and potential joint venture strategies aimed at stabilizing long-term margins in the competitive sports streaming sector [1].