• by Wayne Friedman , 3 hours ago

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.

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.