FuboTV | 10-Q: Q1 2025 Earnings Report

FuboTV reported Q1 2025 revenue of $416.3 million, up 3.5% year-over-year, driven by a 4.7% increase in subscription revenue to $391.4 million. The company posted net income of $188.5 million compared to a net loss of $56.6 million in Q1 2024, primarily due to a $220 million settlement payment received from Disney, Fox and WBD related to antitrust litigation. Operating expenses decreased 5.1% to $441.7 million.The streaming platform maintained 1.5 million paid subscribers in North America and 0.4 million in Rest of World markets. North America average revenue per user (ARPU) increased to $85.37 from $84.54 year-over-year, while Rest of World ARPU rose to $7.76 from $7.00. Gross margin improved significantly to 16.6% from 6.9% in the prior year period.The company ended the quarter with $327.8 million in cash and cash equivalents. In January 2025, FuboTV entered into a business combination agreement with Disney and Hulu, under which Hulu will contribute certain assets to a new jointly-owned entity, with Hulu holding 70% economic interest and FuboTV holding 30% upon closing of the transaction.

FuboTV reported Q1 2025 revenue of $416.3 million, up 3.5% year-over-year, driven by a 4.7% increase in subscription revenue to $391.4 million. The company posted net income of $188.5 million compared to a net loss of $56.6 million in Q1 2024, primarily due to a $220 million settlement payment received from Disney, Fox and WBD related to antitrust litigation. Operating expenses decreased 5.1% to $441.7 million.The streaming platform maintained 1.5 million paid subscribers in North America and 0.4 million in Rest of World markets. North America average revenue per user (ARPU) increased to $85.37 from $84.54 year-over-year, while Rest of World ARPU rose to $7.76 from $7.00. Gross margin improved significantly to 16.6% from 6.9% in the prior year period.The company ended the quarter with $327.8 million in cash and cash equivalents. In January 2025, FuboTV entered into a business combination agreement with Disney and Hulu, under which Hulu will contribute certain assets to a new jointly-owned entity, with Hulu holding 70% economic interest and FuboTV holding 30% upon closing of the transaction.