Fubo revenue rises to $1.57B as Hulu integration narrows quarterly loss

FuboTV (NYSE:FUBO) reported second-quarter 2026 financial results that underscore the massive scale achieved through its recent business combination with Hulu + Live TV.

The New York-based sports-first streaming platform posted total revenue of $1.574 billion, a significant jump from the $1.125 billion reported in the second quarter of 2025.

On a pro forma basis—which accounts for the Hulu combination as if it had occurred at the start of the prior-year period—revenue edged up 1% year-over-year.

The company’s bottom line showed marked improvement as it realized synergies from the merger and optimized its content acquisition costs.

Fubo reported a net loss of $6.2 million, or $0.07 per share, for the quarter ended March 31, 2026.

This represents a substantial narrowing from the $40.9 million loss recorded in Q2 2025.

However, on a pro forma basis, the result trailed the $120.6 million in net income the combined entities would have generated a year ago, reflecting the costs associated with integration and a shifting subscriber base.

Total North America subscribers stood at 5.7 million at the end of the quarter.

While this figure is down slightly from the 5.9 million subscribers reported on a pro forma basis in the prior-year period, management noted that the dip reflects a strategic shift toward higher-margin plans and the removal of duplicate accounts following the Hulu integration.

Operating efficiency emerged as a key theme, with adjusted EBITDA reaching $37.7 million.

This is a dramatic increase compared to the pro forma adjusted EBITDA of $1.4 million in Q2 2025, signaling that the combined company is successfully leveraging its larger scale to drive profitability.