"Today, FuboTV Inc. announced its first-quarter results for fiscal 2026, which ended on December 31. For the quarter, Fubo reported revenue of $1.543 billion, up 40% from the year-earlier quarter. However, despite the company's revenue growth, the streamer reported a net loss of approximately $19.1 million for the quarter. Its earnings per share for the period were negative 2 cents."
"About a year ago, the company made headlines after entering into an agreement with The Walt Disney Company, which announced it would acquire a 70% stake in the streamer and combine it with the company's existing Hulu + Live TV service. As part of that deal, Fubo would remain a public company. Yet despite this, Fubo's stock has struggled, and today, FUBO shares have fallen off a cliff-edge."
FuboTV reported fiscal 2026 first-quarter results for the period ending December 31. Revenue for the quarter totaled $1.543 billion, a 40% increase from the year-earlier quarter. The company recorded a net loss of approximately $19.1 million and delivered negative earnings per share of $0.02. About a year earlier, The Walt Disney Company agreed to acquire a 70% stake and combine Fubo with Hulu + Live TV while leaving Fubo as a public company. Fubo shares fell roughly 25% to about $1.71 per share following the results. The company also announced plans to initiate a reverse stock split.
Read at Fast Company
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