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fuboTV
(NYSE:FUBO)
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Rating:47Neutral
Price Target:
$8.00
▼(-38.93% Downside)
Action:Reiterated
Date:05/10/26
The score is held back primarily by weak cash generation (materially negative free cash flow) and bearish technicals (price below major moving averages with negative MACD). Offsetting factors include improving operating performance (positive TTM EBITDA, strong historical revenue growth) and a constructive earnings call with reiterated EBITDA guidance and a stated path to positive free cash flow, but current profitability and valuation metrics provide limited support.
Positive Factors
Improving adjusted EBITDA trajectory
Sustained positive adjusted EBITDA (TTM >$100M) indicates meaningful operating leverage and better unit economics. This milestone reduces reliance on short-term financing, supports management's multi-year EBITDA target, and underpins a credible path to sustained cash generation over 2027–2028.
Negative Factors
Material negative cash generation
Large, persistent cash burn (~$454M TTM) is a structural concern that can force external financing or constrain content and marketing investments. Even with improving EBITDA, negative FCF implies liquidity and capital-allocation risks that could pressure strategic flexibility over the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving adjusted EBITDA trajectory
Sustained positive adjusted EBITDA (TTM >$100M) indicates meaningful operating leverage and better unit economics. This milestone reduces reliance on short-term financing, supports management's multi-year EBITDA target, and underpins a credible path to sustained cash generation over 2027–2028.
Read all positive factors
fuboTV Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where fuboTV is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where fuboTV is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyfuboTV (FUBO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.07B
Dividend YieldN/A
Average Volume (3M)1.37M
Price to Earnings (P/E)―
Beta (1Y)-0.09
Revenue Growth1.70%
EPS GrowthN/A
CountryUS
Employees590
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)-1.27
Shares Outstanding29,443,758
10 Day Avg. Volume1,529,673
30 Day Avg. Volume1,368,762
Financial Highlights & Ratios
PEG Ratio1.31
Price to Book (P/B)3.19
Price to Sales (P/S)0.32
P/FCF Ratio-5.29
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue0.29
Enterprise Value/Gross Profit3.61
Enterprise Value/Ebitda27.51
Forecast
1Y Price Target
$16.60Price Target Upside26.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)-1.2
Revenue Forecast (FY)$6.23B
fuboTV Business Overview & Revenue Model
Company Description
fuboTV Inc. operates a live television streaming service specializing in real-time sports, news, and general entertainment content. Its operations extend across the United States and into various international territories. Through its proprietary ...
How the Company Makes Money
fuboTV primarily makes money through (1) subscription revenue from paid streaming packages and (2) advertising revenue sold against the viewing on its platform, with other ancillary sources contributing to a lesser extent.
1) Subscription revenue...
fuboTV Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
Overall the call conveyed a predominantly positive tone driven by strong adjusted EBITDA improvement, record quarter revenue (as-reported), a healthy cash balance, early ad-monetization upside from the Disney ad server migration, clear contractual levers (95%→99% wholesale fee) and multiple product/partner initiatives (ESPN integrations, segmented product bundles, planned AI Assistant). Notwithstanding these positives, there are near-term headwinds and execution risks: modest pro forma revenue growth (~1% YoY), a small year-over-year subscriber decline (~3.4%), seasonality that implies H2 deceleration and increased marketing spend, longer timelines to realize content-cost synergies, and comparability noise from prior-year litigation gains and one-time tax items. Taken together, the positives and structural tailwinds presented were judged to significantly outweigh the challenges discussed on the call.Positive Updates
Record Revenue and Strong Adjusted EBITDA
Q2 North America revenue was $1.566B (as-reported), up from $1.125B prior year (+39% as-reported). On a pro forma basis vs. prior year revenue of $1.556B, revenue grew ~1% year-over-year. Adjusted EBITDA for Q2 was $37.7M versus pro forma $1.4M in the prior year (increase of ~$36.3M; >25x improvement). Management called it the strongest Q2 in company history on an adjusted EBITDA basis.
Negative Updates
Subscriber Decline Year-over-Year
Total North America subscribers ended the quarter at 5.7M versus 5.9M in the prior year period, a decline of ~3.4% year-over-year.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Revenue and Strong Adjusted EBITDA
Q2 North America revenue was $1.566B (as-reported), up from $1.125B prior year (+39% as-reported). On a pro forma basis vs. prior year revenue of $1.556B, revenue grew ~1% year-over-year. Adjusted EBITDA for Q2 was $37.7M versus pro forma $1.4M in the prior year (increase of ~$36.3M; >25x improvement). Management called it the strongest Q2 in company history on an adjusted EBITDA basis.
Read all positive updates
Company Guidance
The company reiterated pro forma fiscal 2026 adjusted EBITDA guidance of $80–$100 million and a long‑term target of at least $300 million of adjusted EBITDA by 2028, with positive free cash flow expected in fiscal 2027 and fiscal 2028; Q2 reported revenue of $1.566 billion (vs. $1.125 billion a year ago; pro forma prior year $1.556 billion, +1% YoY), Q2 adjusted EBITDA of $37.7 million (first half totaled ~$79 million), trailing‑12‑month pro forma adjusted EBITDA now above $100 million, a Q2 net loss of $6.2 million (EPS −$0.07), 5.7 million North American subscribers (versus 5.9 million a year ago), $244 million of cash on hand and an expectation to finish the year with >$200 million, a commercial wholesale fee at 95% in calendar 2026 scaling to 99% by 2028, ad‑server migration to Disney (begun in Feb., with CPMs and fill rates improving and full migration expected by year‑end leading Fubo ad ARPU to converge with Hulu Live), and an expected Fubo Sports integration into ESPN’s e‑commerce flow in H1 2027.fuboTV Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
54
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.72B | 1.62B | 1.37B | 1.01B | 638.37M |
| Gross Profit | 302.81M | 203.91M | 86.15M | -41.10M | -10.43M |
| EBITDA | 216.56M | -113.73M | -238.07M | -370.23M | -287.47M |
| Net Income | 155.62M | -172.25M | -287.45M | -561.48M | -382.84M |
Balance Sheet | |||||
| Total Assets | 4.10B | 1.08B | 1.23B | 1.28B | 1.37B |
| Cash, Cash Equivalents and Short-Term Investments | 452.41M | 161.44M | 245.28M | 337.09M | 370.97M |
| Total Debt | 670.32M | 378.42M | 443.02M | 442.80M | 360.64M |
| Total Liabilities | 1.44B | 896.65M | 948.82M | 874.44M | 698.90M |
| Stockholders Equity | 275.49M | 196.37M | 295.58M | 413.34M | 682.10M |
Cash Flow | |||||
| Free Cash Flow | -166.36M | -95.31M | -178.69M | -322.69M | -206.08M |
| Operating Cash Flow | -166.36M | -79.48M | -177.62M | -316.70M | -192.60M |
| Investing Cash Flow | 0.00 | -15.84M | -25.42M | -12.42M | -76.17M |
| Financing Cash Flow | 166.36M | 11.46M | 111.23M | 296.27M | 511.96M |
fuboTV Technical Analysis
Positive
13.10
Price Trends
10.52
Negative
12.23
Negative
25.85
Negative
Market Momentum
-0.42
Positive
51.63
Neutral
34.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FUBO, the sentiment is Positive. The current price of 13.1 is above the 20-day moving average (MA) of 9.66, above the 50-day MA of 10.52, and below the 200-day MA of 25.85, indicating a neutral trend. The MACD of -0.42 indicates Positive momentum. The RSI at 51.63 is Neutral, neither overbought nor oversold. The STOCH value of 34.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FUBO.
fuboTV Risk Analysis
fuboTV disclosed 85 risk factors in its most recent earnings report. fuboTV reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
fuboTV Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $20.09B | 100.28 | 7.64% | ― | 16.78% | ― | |
63 Neutral | $151.78M | -19.75 | -18.46% | 8.59% | 32.29% | -0.15% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
47 Neutral | $1.07B | -7.46 | -7.36% | ― | 1.70% | ― | |
47 Neutral | $646.23M | -2.43 | 15.76% | ― | 2.06% | 77.93% | |
46 Neutral | $265.47M | -1.54 | -7.87% | ― | -13.33% | -299.71% |
* Communication Services Sector Average
FUBO
fuboTV
9.46
-36.86
-79.58%
SSP
E. W. Scripps Company Class A
2.85
-0.09
-3.06%
ROKU
Roku
136.53
48.64
55.34%
IHRT
iHeartMedia
4.49
2.73
155.11%
CURI
CuriosityStream
2.69
-2.48
-47.96%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.