Overview
- Fubo reported 6.2 million North American subscribers and said total revenue rose 40% to $1.55 billion, with pro-forma revenue up 6% to $1.68 billion.
- Net loss narrowed to $19.1 million, with pro-forma loss shrinking to $46.4 million and pro-forma adjusted EBITDA improving to $41.4 million; cash on hand totaled nearly $460 million.
- Executives said Fubo’s ad stack will go live on Disney’s ad server later this month, enabling inventory sales alongside Disney+, ESPN+ and Hulu to lift CPMs and fill rates.
- Fubo disclosed a reseller and marketing arrangement with ESPN to distribute its sports offering through ESPN’s digital platforms, subject to definitive agreements.
- The carriage blackout with NBCUniversal/Versant continues after Comcast ceased renewal talks in January; the company plans a reverse stock split by the end of fiscal Q2 and the stock fell 19% after the report.