fuboTV (FUBO) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 3, 2026 astatine 8:40 AM CST 30 min read

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Tuesday, Feb. 3, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — David Gandler

• Chief Financial Officer — John Janedis

David volition commencement with immoderate little remarks connected the 4th and our business, and John volition screen the financials. Then we volition crook the telephone implicit to the analysts for Q&A. I would similar to punctual everyone that the pursuing treatment whitethorn incorporate forward-looking statements wrong the meaning of the national securities laws. These see statements regarding our fiscal condition, anticipated fiscal performance, expected synergies and benefits from our caller concern combination, concern strategy and plans, including our product, subscription packages, and commercialized agreements, market, industry, and user trends, and expectations regarding maturation and profitability. These forward-looking statements are taxable to definite risks, uncertainties, and assumptions, which could origin existent results to disagree materially from our existent expectations.

For further information, notation to the net merchandise we issued today, our missive to shareholders, and our SEC filings, each of which are disposable connected our website astatine ir.fubo.tv. During the quarter, we closed our concern operation with Hulu + Live TV. As a result, our reported results for the existent play bespeak the results of the Hulu Live concern prepared connected a carve-out ground for the play from 09/28/2025 done 10/28/2025 and exclude fuboTV Inc.'s results for this period. For the play from 10/29/2025 done 12/31/2025, the results see the combined fuboTV Inc. and Hulu Live businesses.

The reported anterior twelvemonth play fiscal Q1 2025 besides reflects Hulu Live Financials prepared connected a carve-out ground and excludes the results of the humanities fuboTV Inc. business. To facilitate comparability betwixt periods, we volition sermon definite results connected a pro forma basis, giving effect to the transaction arsenic if it had been completed astatine the opening of the archetypal play presented. We volition besides notation to definite non-GAAP measures during the call. Please notation to our Q1 fiscal 2026 missive to shareholders disposable connected our website astatine ir.fubo.tv for a further statement of the pro forma presumption and reconciliations of these non-GAAP measures to the astir straight comparable GAAP measure.

With that, I volition crook the telephone implicit to David.

David Gandler: Thank you, Ameet, and bully morning, everyone. Q1 marked our archetypal arsenic the proprietor of Hulu Live, and it validated the strategical rationale down the combination, offering greater scale, broader distribution, and improved economics. On a pro forma basis, implicit the past 12 months, the fuboTV Inc. and Hulu Live businesses generated $6.2 cardinal of gross and ended the play with 6.2 cardinal subscribers successful North America. This firmly establishes america arsenic a scaled and applicable subordinate successful the wage TV marketplace and 1 focused connected growing. On a trailing twelve-month pro forma basis, adjusted EBITDA was $77.9 million.