FuboTV (NYSE:FUBO) has unveiled a robust multi-year financial roadmap, setting its sights on significant profitability milestones as the company matures from a high-growth streaming challenger into a scaled, cash-generative media platform.
The New York-based live TV streamer issued fiscal 2026 pro forma adjusted EBITDA guidance of $80 million to $100 million, a notable increase from the $59 million generated in fiscal 2025.
Looking further ahead, the company established a fiscal 2028 adjusted EBITDA target of at least $300 million, representing a compounded annual growth rate (CAGR) of more than 80% from the midpoint of its 2026 forecast.
A critical component of the update is Fubo’s path to self-sustainability.
Under its current operating plan, the company expects to achieve positive free cash flow starting in fiscal 2027.
Management noted that Fubo is in its "strongest financial position" to date, projecting to end the 2026 fiscal year with at least $200 million in cash and cash equivalents.
The long-term EBITDA targets are supported by a unique commercial structure with Hulu, which includes contractually obligated wholesale fees that increase in Fubo’s favor through 2028.
Additionally, Fubo continues to expand its high-margin advertising revenue through its FAST channel offerings and recently secured regional sports coverage for 17 professional baseball teams, including the addition of SNY and Spectrum SportsNet LA.
The company also addressed its capital structure, noting it currently holds approximately $323 million in debt with no major maturities until 2029.
Based on current projections, Fubo does not anticipate needing additional outside financing to reach its 2028 net cash position.