FuboTV Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 revenue and adjusted EBITDA were achieved, driven by the Hulu + Live TV combination, flexible content packaging, and early gains from Disney ad server migration. Fiscal 2026 adjusted EBITDA is guided at $80M–$100M, with a $300M target by 2028.
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Q1 2026 marked the first quarter post-Hulu Live acquisition, delivering $1.68B pro forma revenue and positive adjusted EBITDA. Integration with Disney's ad tech and ESPN partnerships are expected to drive further growth and efficiency.
Fiscal Year 2025
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Completed the Hulu + Live TV combination, creating a top-6 Pay TV provider with nearly six million subscribers. Achieved record Q3 subscriber growth, positive adjusted EBITDA, and improved margins, while focusing on programming efficiencies, ad tech, and global expansion.
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The meeting saw the election of all nominated directors, approval of auditor ratification, executive compensation, and an amendment to the executive incentive plan. No shareholder questions were submitted, and management emphasized ongoing strategic focus on content aggregation.
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Global streaming business exceeded subscriber and revenue guidance, with North America revenue up 3.5% year-over-year and profitability initiatives driving significant improvements. Q2 guidance anticipates subscriber and revenue declines due to dropped content, but interactive ad formats and cost controls show positive momentum.
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Hulu + Live TV and Fubo will merge, with Disney holding 70% and Fubo shareholders 30%. The combined company expects over 6.2 million subscribers, $6 billion in revenue, and immediate cash flow positivity. Synergies in content and advertising, plus new financing, will drive growth and competitiveness.
Fiscal Year 2024
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Delivered record 2024 revenue of $1.6B (up 19% YoY) and 4% subscriber growth, with Q4 marking the first positive free cash flow. Announced Hulu + Live TV combination, launched new bundles, and improved profitability metrics despite industry headwinds.
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Q3 2024 delivered 21% North America revenue growth and a 9% rise in paid subscribers, with significant improvements in adjusted EBITDA and net loss. Guidance projects continued growth, while ongoing antitrust litigation and industry shifts remain key factors.
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The session highlighted a shift to direct and programmatic ad sales, leveraging premium sports content and innovative ad formats to drive engagement and premium pricing. Enhanced data partnerships and advanced targeting enable precise audience segmentation, while evolving market trends favor flexibility, transparency, and outcome-based measurement.
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Q2 2024 saw strong revenue and subscriber growth, improved profitability metrics, and robust ad performance, especially in North America. Strategic debt repurchases and the launch of Fubo Free supported financial flexibility, while guidance for 2024 was raised.
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The meeting covered board elections, approval of all seven shareholder proposals, and outlined a continued focus on delivering premium TV content through a single app. No shareholder questions were submitted during the Q&A.