Fubo shares jump as streaming service beats Q2 expectations
The company reported adjusted earnings per share of $0.05, significantly outperforming the analyst estimate of -$0.05. Revenue came in at $371.3 million, surpassing the consensus estimate of $353.72 million, despite being down 3% YoY. Fubo's North American subscriber base stood at 1.356 million paid subscribers, representing a 6.5% decline from the same period last year.
Fubo achieved a milestone this quarter with positive Adjusted EBITDA of $20.7 million, a $31.7 million improvement compared to the second quarter of 2024. The company also reduced its net loss from continuing operations to $8.0 million, or -$0.02 per share, compared to a net loss of $25.8 million, or -$0.08 per share, in the same quarter last year.
"The second quarter of 2025 marked a pivotal milestone in Fubo's business," said David Gandler, co-founder and CEO. "Our continued focus on delivering choice and flexibility to consumers positions us well to capitalize on emerging opportunities as the traditional content landscape continues to evolve."
In its Rest of World operations, Fubo reported $8.7 million in total revenue, up 4.7% YoY, though paid subscribers decreased 12.5% YoY to 349,000.
The company ended the quarter with a strong cash position of $289.7 million in cash, cash equivalents and restricted cash on hand. Net cash used in operating activities was -$34.6 million, while Free Cash Flow was -$37.7 million for the quarter.
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