FuboTV | 10-Q: Q1 2026 Earnings Report

FuboTV reported Q4 2025 revenue of $1.55 billion, up significantly from $1.11 billion in Q4 2024, driven by the integration of Hulu Live Business following the October 2025 Business Combination. Subscription revenue contributed $292.2 million while related party revenue from Hulu Live Service reached $1.16 billion. Advertising revenue was $91.5 million for the quarter.Operating expenses increased to $1.57 billion from $1.14 billion year-over-year, primarily due to higher subscriber-related expenses of $1.43 billion. The company posted an operating loss of $20.3 million, improving from a $38.6 million loss in Q4 2024. Net loss narrowed to $19.1 million compared to $38.6 million in the prior year period.The company ended the quarter with 6.2 million subscribers in North America and 0.33 million in Rest of World markets. Cash and cash equivalents stood at $458.6 million as of December 31, 2025. Management expressed confidence in having sufficient liquidity to continue operations for at least the next twelve months while pursuing growth opportunities.

FuboTV reported Q4 2025 revenue of $1.55 billion, up significantly from $1.11 billion in Q4 2024, driven by the integration of Hulu Live Business following the October 2025 Business Combination. Subscription revenue contributed $292.2 million while related party revenue from Hulu Live Service reached $1.16 billion. Advertising revenue was $91.5 million for the quarter.Operating expenses increased to $1.57 billion from $1.14 billion year-over-year, primarily due to higher subscriber-related expenses of $1.43 billion. The company posted an operating loss of $20.3 million, improving from a $38.6 million loss in Q4 2024. Net loss narrowed to $19.1 million compared to $38.6 million in the prior year period.The company ended the quarter with 6.2 million subscribers in North America and 0.33 million in Rest of World markets. Cash and cash equivalents stood at $458.6 million as of December 31, 2025. Management expressed confidence in having sufficient liquidity to continue operations for at least the next twelve months while pursuing growth opportunities.