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FuboTV Beats Q2 2025 Estimates, Seeks Disney Merger Approval
8 Aug
Summary
- Q2 2025 revenue tops analyst estimates despite 2.8% year-over-year decline
- Paid subscribers down 6.5% year-over-year, but exceed preliminary estimates
- FuboTV files proxy to combine with Hulu + Live TV, targeting late 2025/early 2026 close
In the second quarter of 2025, FuboTV (NYSE:FUBO) reported earnings that surprised the market. The sports-first live TV streaming platform saw its revenue decline 2.8% year-over-year to $379.97 million, but this figure still topped the analyst consensus estimate of $353.77 million.
Additionally, FuboTV's adjusted earnings per share of 5 cents beat the analyst consensus of a one-cent loss. The company's adjusted EBITDA margin also improved, standing at 5.4% compared to (2.8)% a year earlier.
However, the news was not all positive. FuboTV's North America Streaming revenue fell 3% year-over-year to $371.3 million, and paid subscribers declined by 6.5% to 1.36 million. Despite this subscriber drop, the count still exceeded the company's preliminary estimates.
Looking ahead, FuboTV remains committed to offering consumers diverse content at competitive prices. The company plans to launch Fubo Sports in the coming weeks and introduce a Pay-Per-View option for both subscribers and non-subscribers. FuboTV is also diversifying its content portfolio and expanding partnerships to enhance subscriber value.
Notably, FuboTV has filed a preliminary proxy statement seeking shareholder approval for its agreement with The Walt Disney Co. (NYSE:DIS) to combine Fubo with Hulu + Live TV. The company is targeting a closing of this merger in late 2025 or early 2026, pending regulatory and shareholder approvals.
