Subscriber totals slipped. Revenue surged. Fubo reported 5.9 million subscribers during its second quarter, down from 6.2 million a year earlier. However, the sports-first streamer posted record revenue after completing its merger deal with Disney and combining operations with Hulu + Live TV.
What We Know: Fubo finished the quarter with 5.9 million total subscribers. That figure includes both Fubo and Hulu + Live TV customers following the Disney merger. North American subscribers totaled 5.7 million, down from 5.9 million one year ago. Meanwhile, revenue climbed to a record $1.57 billion. The company reported $1.12 billion during the same period last year. In addition, Fubo cut its net loss to $6.2 million from $41 million. Adjusted EBITDA also improved sharply to $37.7 million.
What They Said: Fubo Co-founder and CEO David Gandler “Looking ahead, we are making progress on multiple new integrations with Disney, leveraging the content portfolios of Fubo and Hulu + Live TV, which are expected to drive sustained subscriber, revenue and Adjusted EBITDA growth while delivering on the consumer promise of our business combination.”
What Remains Unclear: Investors reacted negatively despite stronger revenue and improved profitability metrics. Shares dropped nearly 7 percent in early trading following the earnings release Wednesday. In addition, questions remain about how quickly the Disney merger can reverse subscriber declines. Fubo also said its Fubo Sports product will move into the ESPN ecosystem during the first half of 2027, though specific rollout details remain limited.
What It Means: The Disney partnership continues reshaping Fubo’s business strategy. The combined Hulu + Live TV and Fubo subscriber totals now give the company greater scale in a crowded streaming marketplace. At the same time, subscriber erosion shoudl be a concern. Still, Fubo appears focused on long-term sports streaming growth through deeper ties with ESPN and broader distribution opportunities.
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John Mamola is Barrett Media’s sports editor and daily sports columnist. He brings over two decades of experience (Chicago, Tampa/St Petersburg) in the broadcast industry with expertise in brand management, sales, promotions, producing, imaging, hosting, talent coaching, talent development, web development, social media strategy and design, video production, creative writing, partnership building, communication/networking with a long track record of growth and success. He is a five-time recognized top 20 program director in a major market via Barrett Medi’s Top 20 series and has been honored internally multiple times as station/brand of the year (Tampa, FL) and employee of the month (Tampa, FL) by iHeartMedia. Connect with John by email at John@BarrettMedia.com.
