Group 1 - FuboTV Inc. is a sports-first live TV streaming platform that competes with services like Hulu + Live TV and YouTube TV [1] - Seaport Global upgraded FuboTV's stock from Neutral to Buy, reflecting a positive outlook on the company's potential [2] - The stock price is currently $1.62, despite a decrease of 8.47% today, with fluctuations between $1.56 and $1.77 [3] Group 2 - FuboTV's market capitalization is approximately $571.4 million, indicating its size in the market [4] - The trading volume for FUBO today is 24,356,708 shares, showing active investor interest [4]

Core Viewpoint - FuboTV's stock experienced a significant decline of over 20% following the announcement of a reverse stock split, reflecting negative investor sentiment and concerns about financial distress [1] Financial Performance - Despite a headline loss in Q1, FuboTV's combined adjusted EBITDA has improved to nearly $78 million on a trailing-12-month pro forma basis, indicating operational improvements [3] - FuboTV's shares are currently trading at less than 0.4 times annual revenue, suggesting they are undervalued even for a struggling media company [4] Subscriber Base and Market Position - FuboTV has a total of 6.2 million subscribers in North America, maintaining its relevance in the pay television market with significant scale [4] Strategic Partnerships - The company has entered a landmark agreement to merge its sports-first streaming platform with Disney's Hulu and Live TV, which is expected to enhance cost-per-thousand impressions (CPM) and fill rates [5] - Expected synergies from the Disney deal are anticipated to begin realizing in the first quarter of 2026 [5] Investment Outlook - The extreme oversold conditions, combined with expected synergies from the Disney deal and improving operational metrics, present a tactical buying opportunity for risk-tolerant investors [6] - Wall Street analysts generally agree that the recent selloff of FuboTV shares has been excessive, with a consensus rating of "Hold" and a mean target price suggesting a potential upside of approximately 165% from current levels [7][9]

Core Viewpoint - FuboTV Inc. reported a significant revenue increase in Q1 2026 but also faced a net loss, leading to a sharp decline in stock price and the announcement of a reverse stock split [1]. Financial Performance - FuboTV reported revenue of $1.543 billion for Q1 2026, representing a 40% increase compared to the same quarter the previous year [1]. - The company incurred a net loss of approximately $19.1 million for the quarter, with earnings per share reported at negative 2 cents [1]. Stock Market Reaction - Following the earnings report, FuboTV's stock price fell by 25%, trading around $1.71 per share [1]. Corporate Actions - FuboTV announced plans to initiate a reverse stock split, a less common corporate action compared to regular stock splits [1].

Core Insights - FuboTV Inc. reported Q1 2026 revenue of $1.543 billion, a 40% increase year-over-year, but also posted a net loss of approximately $19.1 million, resulting in negative earnings per share of 2 cents [1][2] - Following the earnings report, FuboTV's stock price dropped 25% to around $1.71 per share, indicating investor dissatisfaction with the net loss [3] - The company announced a reverse stock split, which is intended to make the stock more accessible to a broader base of investors and align the number of shares with the company's size and scope [4][7] Financial Performance - Revenue for Q1 2026 was $1.543 billion, reflecting a 40% increase from the previous year [1] - The net loss for the quarter was approximately $19.1 million, with earnings per share reported at negative 2 cents [2] Stock Market Reaction - FuboTV shares fell 25% to approximately $1.71 following the earnings announcement, indicating a significant market reaction to the reported net loss [3] Corporate Actions - The company announced a reverse stock split, which is a less common action compared to regular stock splits, aimed at making shares more appealing to investors [4][6] - The reverse stock split was approved by the board and is intended to better align the number of shares with the company's overall size and scope [7]

Core Insights - fuboTV Inc. reported a quarterly loss of $0.05 per share, which was worse than the Zacks Consensus Estimate of $0.03, marking a significant earnings surprise of -300.00% [1] - The company generated revenues of $1.55 billion for the quarter ended December 2025, exceeding the Zacks Consensus Estimate by 13.46% and showing substantial growth from $443.28 million year-over-year [2] - fuboTV shares have declined approximately 9.9% since the beginning of the year, contrasting with the S&P 500's gain of 1.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.01 on revenues of $1.6 billion, while for the current fiscal year, the estimate is $0.17 on revenues of $6.29 billion [7] - The estimate revisions trend for fuboTV was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Broadcast Radio and Television industry, to which fuboTV belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Warner Bros. Discovery, is expected to report quarterly earnings of $0.08 per share, reflecting a year-over-year increase of 140%, although its consensus EPS estimate has been revised down by 61.7% over the last 30 days [9]

Financial Data and Key Metrics Changes - For Q1 fiscal 2026, the company reported revenue of $1.54 billion, up from $1.11 billion in the prior year period, reflecting a significant increase [12] - On a pro forma basis, North America revenue was $1.68 billion compared to $1.58 billion in the prior year, representing a growth of 6% [12] - The reported net loss for the quarter was $19.1 million, an improvement from a $38.6 million loss in the prior year period [13] - Pro forma adjusted EBITDA was positive at $41.4 million, nearly doubling from $22 million in the prior year period [14] Business Line Data and Key Metrics Changes - The combined Fubo and Hulu Live businesses generated $6.2 billion of revenue over the past 12 months, with 6.2 million subscribers in North America [5][6] - The Fubo Sports service has seen strong market traction, resonating with value-oriented consumers [7] - Record-high subscribers were achieved for Fubo's Latino product, and Hulu Live launched a Spanish-language bundle [8] Market Data and Key Metrics Changes - The company ended the quarter with approximately 6.2 million North America subscribers, a slight decrease from 6.3 million in the prior year [12] - The integration with Disney's ad server is expected to drive a meaningful uplift in both CPM and fill rates [7] Company Strategy and Development Direction - The company aims to unlock synergies and efficiencies post-combination with Hulu Live, focusing on execution to expand reach and monetization [6] - The strategy includes achieving content cost efficiencies and applying greater portfolio discipline as major distribution agreements come up for renewal [9] - The 2026 focus is on growth through differentiated sports offerings and scale distribution partnerships [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in subscriber retention despite the removal of NBC content, attributing it to the resilience of their sports-focused value proposition [10] - The company is optimistic about future growth opportunities, particularly with the integration of ESPN and the upcoming Super Bowl and Olympics [30] Other Important Information - A planned reverse stock split is intended to make the stock more accessible to a broader base of investors [15] - The company entered the quarter with $458.6 million in cash and cash equivalents, with operating cash flow impacted by working capital timing [14] Q&A Session Summary Question: NBCUniversal's Sports Rights Retention - Management noted a 3% year-over-year increase in subscribers despite losing NBC content for over four weeks, indicating strong marketing capabilities [18] - The company maintains strong relationships with major leagues and is focused on providing flexible packaging options for consumers [19] Question: Revenue and Expense Synergies - The company expects $120 million+ in synergies from the merger, with short-term benefits anticipated from the Disney Ad Server integration [23] Question: Subscriber Growth Expectations - Management indicated that the Fubo Sports service is performing well and has high trial conversion rates, suggesting potential for subscriber growth even without NBC [25] Question: Advertising Integration Ramp Period - The advertising integration with Disney is expected to show impact as soon as it is completed, with improvements in fill rates and CPM anticipated [39] Question: Impact of YouTube TV Blackout - The impact from YouTube TV's blackout was deemed immaterial to the overall platform [35] Question: Disney's Focus on Parks vs. Streaming - Management does not foresee immediate changes due to Disney's focus on parks, emphasizing ongoing strong relationships with Disney teams [50] Question: Next Generation Consumer-Centric Innovations - The company is focused on mobile opportunities and enhancing consumer engagement through technology and product development [54]

fuboTV (NYSE:FUBO) Q1 2026 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsAmeet Patel - Head of Investor RelationsClark Lampen - Managing DirectorDavid Gandler - CEOConference Call ParticipantsBrent Pinter - AnalystDavid Joyce - Senior Equity Analyst and Media SectorDoug Arthur - Managing Director and Senior Research AnalystLaura Martin - Senior Entertainment and Internet AnalystPatrick Sholl - Research AnalystOperatorHello and thank you for standing by. My name is Tiffany and I will be you ...

fuboTV (NYSE:FUBO) Q1 2026 Earnings call February 03, 2026 08:30 AM ET Speaker2Hello and thank you for standing by. My name is Tiffany and I will be your conference operator today. At this time I would like to welcome everyone to the Fubo first quarter 2026 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks there will be a question and answer session. If you would like to ask a question during that time simply press star then the number one on your ...

February 3, 2026 Fellow Shareholders: Fiscal 2026 marks a step change in our trajectory. Having successfully closed the Hulu + Live TV combination, we have established a strong foundation as a scaled platform with 6.2 million subscribers. While this enhances Fubo's position in Pay TV, our ambition is to scale further and rival the industry's incumbents. Today, we accelerate that pursuit with our announcement of plans for a new reseller and marketing arrangement with ESPN. Per comScore, ESPN reached more tha ...

Core Thesis - FuboTV Inc. is expected to underperform in 2026 due to competitive, structural, and financial pressures that threaten its fragile business model [2][6] Competitive Landscape - YouTube TV poses a significant threat to FuboTV by launching sports-focused "skinny bundles" in 2026, leveraging its superior scale and pricing power [2][3] - YouTube TV has approximately 10 million subscribers, nearly double the combined total of Fubo and Hulu + Live TV, which stands at around 6 million [3] Financial Performance - FuboTV's trailing and forward P/E ratios are 7.22 and 52.63 respectively, indicating potential valuation concerns [1] - The merger with Hulu + Live TV has not provided a meaningful growth catalyst, with Hulu's live TV segment experiencing a 4% year-over-year decline in subscribers [5] - Fubo's Q3 2025 results show declining revenue, falling average revenue per user (ARPU), and limited advertising leverage, reinforcing concerns about its financial health [6] Market Dynamics - The estimated synergies from the merger with Hulu + Live TV are modest at $120 million, insufficient to offset weak organic growth [5] - Management's cautious communication post-merger suggests expectations for lower forward guidance, indicating a challenging outlook for FuboTV [6]