FuboTV (NYSE: FUBO) experienced a notable surge on November 3, 2025, with shares increasing approximately 5% following the announcement of its better-than-expected third-quarter results, which included an unexpected adjusted profit. The stock is now trading around $3.90, marking a staggering rise of over 180% in the past year, largely fueled by excitement surrounding its recent merger with Hulu.
In the third quarter, FuboTV reported revenues of $377 million, surpassing analyst expectations despite a slight year-over-year decline of 2.3%. The adjusted earnings per share (EPS) amounted to +$0.02, a remarkable recovery from the loss reported during the same quarter last year. This marks Fubo’s second consecutive quarter of positive adjusted EBITDA, with $6.9 million reported, and the net loss significantly reduced to $18.9 million compared to $54.7 million a year ago.
The merger with Disney, which now holds a 70% stake in FuboTV, has vastly expanded the company’s customer base, elevating its subscriber count to nearly 6 million in North America. The merger not only makes Fubo the sixth-largest U.S. pay-TV provider but also combines Disney’s robust content offerings, including channels like ESPN and ABC, with Fubo’s sports-centric platform.
As part of its recent initiatives, Fubo introduced a new “Fubo Sports” skinny bundle and a pay-per-view platform, aiming to attract more sports fans and diversify revenue streams. This strategic move follows a period of intense competition in the streaming industry, where Fubo is striving to carve out its niche. The merger with Hulu effectively resolved a legal dispute and includes a financial backing of $145 million in loans from Disney, bolstering Fubo’s growth ambitions.
Analysts have expressed a cautious optimism about Fubo’s future, with the average price target set at around $5.35, representing over a 40% increase from current levels. This sentiment is shared by Fubo’s CEO, who celebrated the latest results as evidence that their business model is progressing toward sustainable profitability. However, some analysts advise caution, highlighting concerns that Disney’s majority stake may lead Fubo to operate primarily in Disney’s interest, potentially limiting growth opportunities for minority shareholders.
With the backing of Disney, FuboTV aims to accelerate its growth trajectory and achieve sustained profitability. The next quarters will be critical for the company as it works to integrate Hulu’s operations and maximize the synergies available from this landmark deal. Investors remain focused on how Fubo will maneuver through the streaming landscape, especially given the competitive pressures and the need to establish a solid financial footing in the wake of extensive growth investments. Fubo’s ability to leverage its new scale and capitalize on the merger will be pivotal in securing its position in the evolving media environment.