FuboTV | 10-Q: Q2 2025 Earnings Report

FuboTV reported Q2 2025 revenue of $380 million, down 2.8% year-over-year, while net loss narrowed to $8 million from $25.7 million in Q2 2024. Subscription revenue decreased 2.8% to $352.7 million due to lower subscriber base, partially offset by higher subscription package prices. Advertising revenue declined slightly to $25.9 million.The company saw significant improvement in gross profit, which increased to $77.7 million from $49.3 million year-over-year, with gross margin expanding to 20.4% from 12.6%. Operating expenses decreased 9.5% to $386 million, driven by lower subscriber-related and broadcasting costs, though general and administrative expenses rose due to Business Combination-related fees.Looking ahead, FuboTV continues to focus on its sports-first strategy while expanding content offerings. The company ended Q2 with $289.7 million in cash and cash equivalents, strengthened by the $220 million antitrust settlement received in January 2025. Management remains committed to improving operational efficiency and advancing the proposed Business Combination with Hulu.

FuboTV reported Q2 2025 revenue of $380 million, down 2.8% year-over-year, while net loss narrowed to $8 million from $25.7 million in Q2 2024. Subscription revenue decreased 2.8% to $352.7 million due to lower subscriber base, partially offset by higher subscription package prices. Advertising revenue declined slightly to $25.9 million.The company saw significant improvement in gross profit, which increased to $77.7 million from $49.3 million year-over-year, with gross margin expanding to 20.4% from 12.6%. Operating expenses decreased 9.5% to $386 million, driven by lower subscriber-related and broadcasting costs, though general and administrative expenses rose due to Business Combination-related fees.Looking ahead, FuboTV continues to focus on its sports-first strategy while expanding content offerings. The company ended Q2 with $289.7 million in cash and cash equivalents, strengthened by the $220 million antitrust settlement received in January 2025. Management remains committed to improving operational efficiency and advancing the proposed Business Combination with Hulu.