FuboTV Inc., known for being a sports-focused live TV streaming platform, recently released its financial results for the second quarter ending June 30, 2025. David Gandler, co-founder and CEO of Fubo, highlighted the quarter as a significant turning point for the company.
In this quarter, Fubo exceeded its subscriber and revenue forecasts, reporting a total revenue of $371.3 million in North America, which represents a slight decline of 3% compared to the previous year. The number of paid subscribers in North America was 1.356 million, marking a 6.5% drop from last year. However, there was positive growth in revenue from the Rest of World (ROW), which increased by 4.7% to $8.7 million, although paid subscribers in that segment fell by 12.5%.
The company reported a net loss from continuing operations of $8.0 million, an improvement from the $25.8 million loss in the same quarter of the previous year. Adjusted Earnings Per Share (EPS) rose to $0.05, compared to an adjusted loss of $0.04 last year. This period also marked Fubo’s first quarter of positive Adjusted EBITDA (AEBITDA), reaching $20.7 million, a substantial improvement from a loss of $31.7 million in Q2 2024.
Fubo’s cash position remains strong with $289.7 million in cash and cash equivalents at the end of the quarter. This financial robustness places Fubo in a favorable position to continue its growth trajectory and innovate in the competitive landscape of streaming services.
The company is also in the process of preparing for a potential merger with Hulu + Live TV, which is expected to provide further growth opportunities. Gandler expressed confidence in the company’s strategy to enhance subscriber flexibility and market relevance amid ongoing changes in the traditional content landscape.
Overall, while Fubo has faced some challenges, such as a decline in subscriber numbers in certain areas, the company is optimistic about its ability to leverage emerging opportunities and continue to push the boundaries of the live TV streaming experience. With a solid cash foundation and a focus on innovation, Fubo appears to be positioning itself for future success in the competitive streaming market.