fuboTV Beats Profit Forecasts in Q1 as Revenue Hits $1.57B, Matching Wall Street Targets
Live sports and TV streaming service fuboTV (NYSE: FUBO) delivered a solid first-quarter report for CY2026, matching Wall Street’s revenue expectations while significantly beating profit forecasts. The company posted $1.57 billion in sales, a 39.8% jump from the same period last year, and reported a GAAP loss of just $0.07 per share—well above the consensus estimate by 78.5%.
Originally launched as a niche soccer streaming platform, fuboTV has evolved into a broad-based live sports, news, and entertainment service. Over the past five years, the company has grown revenue at a blistering 74.3% compound annual rate, outperforming the average consumer discretionary company. However, growth has moderated in recent years: annualized revenue over the last two years came in at 21.2%, a notable slowdown from its five-year trend.
In the latest quarter, fuboTV reported 5.7 million domestic subscribers and 328,000 international subscribers. Domestic subscriber growth averaged 88.6% year-over-year over the past two years, while international subscribers declined by an average of 9.5% annually, highlighting a stark contrast in regional performance.
“The domestic numbers are impressive, but the international slide is a red flag,” said Mark Delaney, a media analyst at Horizon Equity. “If they can’t figure out how to compete abroad, they’re leaving a lot of money on the table.”
Another observer, retail investor and fuboTV shareholder Carla Mendez, offered a more blunt take: “Honestly, I’m tired of hearing about ‘potential.’ They keep losing money, and the stock is still below where it was two years ago. This quarter was fine, but fine doesn’t pay my bills.”
Still, the company’s operating margin has improved over the last 12 months, though it remains negative at an average of -2.8% over the past two years. In Q1, operating margin came in at -0.6%, a sign that cost discipline is slowly taking hold. Earnings per share, while still negative, have improved by 49.7% annually over the last five years.
Looking ahead, sell-side analysts project revenue growth of 22.6% over the next 12 months, roughly in line with the company’s recent two-year trend. “The streaming wars are far from over, but fuboTV’s focus on live sports gives it a moat that general entertainment services don’t have,” said James Whitfield, a portfolio manager at Pine Street Capital. “If they can keep subscriber growth steady and narrow losses, this could be a strong long-term play.”
Following the earnings release, fuboTV shares rose 1.2% to $12.56. While the quarter was broadly positive, the company still faces challenges in international markets and the path to sustained profitability remains uncertain.