Fubo, the sports-focused virtual pay TV provider, posted a 39% gain in
revenue to $1.55 billion for its last quarter ended December 31, 2025.
But subscribers slipped -- down 100,000 to 6.2 million year-over-year, and dropped 200,000 in the previous quarter.
Reported net loss narrowed to $19.1 million from $38.6 million in the year ago period.
North American reported advertising for Fubo was at $91.5 million. Fubo expects strong results from its
combination with Hulu.
Walt Disney closed its deal to buy 70% of Fubo on October 29, 2025. Disney is merging Fubo with its virtual pay TV provider, Hulu + Live TV.
The deal was
valued primarily by the contribution of Hulu + Live TV and a settlement to end ongoing antitrust litigation Fubo had against Disney and other companies.
Disney, along with Fox and Warner Bros.
Discovery, made a joint cash payment of $220 million to Fubo to settle that litigation against their Venu Sports streaming venture.
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Fubo says its advertising business will be fully
incorporated into the Disney advertising server later this month, sold alongside Disney+, ESPN+ and Hulu inventory.
The company’s shareholder letter says: “We expect to drive a
meaningful uplift in both CPMs and fill rates, capturing greater value from every hour streamed.”
In late November, due contract dispute, it dropped NBCUniversal and Versant networks and
platforms -- which affected its subscriber reach, now at 6.2 million. Fubo gave subscribers a price-reduction.
Fubo TV’s Tuesday stock price closed down 22% to $1.77.