FuboTV | 10-Q: Q3 2025 Earnings Report

FuboTV reported Q3 2025 revenue of $377.2 million, down 2.3% year-over-year, with a net loss of $18.9 million. Subscription revenue decreased 1.7% to $350.3 million, while advertising revenue fell 6.2% to $25.4 million. The company's gross margin improved significantly to 20.8% from 14.0% in the prior year period.Operating expenses decreased 10.7% to $397.3 million, driven by lower subscriber-related costs and reduced marketing spend. The company saw improvements in broadcasting and transmission costs through cloud infrastructure optimization initiatives. Sales and marketing expenses declined 23.9% to $42.0 million.The company completed its transformative business combination with Hulu's Live TV business on October 29, 2025, creating an integrated streaming platform. Under the deal, Hulu contributed its Live TV assets to a new entity, with Hulu holding a 70% economic interest and FuboTV retaining a 30% stake. The transaction positions FuboTV for enhanced market competitiveness and operational synergies.

FuboTV reported Q3 2025 revenue of $377.2 million, down 2.3% year-over-year, with a net loss of $18.9 million. Subscription revenue decreased 1.7% to $350.3 million, while advertising revenue fell 6.2% to $25.4 million. The company's gross margin improved significantly to 20.8% from 14.0% in the prior year period.Operating expenses decreased 10.7% to $397.3 million, driven by lower subscriber-related costs and reduced marketing spend. The company saw improvements in broadcasting and transmission costs through cloud infrastructure optimization initiatives. Sales and marketing expenses declined 23.9% to $42.0 million.The company completed its transformative business combination with Hulu's Live TV business on October 29, 2025, creating an integrated streaming platform. Under the deal, Hulu contributed its Live TV assets to a new entity, with Hulu holding a 70% economic interest and FuboTV retaining a 30% stake. The transaction positions FuboTV for enhanced market competitiveness and operational synergies.