Fubotv Inc
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
Red, because a documented substance risk exists: an existential dependence on a single counterparty. Hulu pays 72 percent of revenue, sells and prices the largest service, markets the advertising and owes FuboTV $501.3 million; the agreement runs five years and renews only by mutual consent. At the same time, operating results do not cover interest (operating loss of $56.0 million over nine months). The company does not doubt its survival, and Disney is a solvent partner — the dependence remains existential nonetheless. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
FuboTV is a textbook case of the halo effect: with Disney behind it, the company books about $1.5 billion in revenue per quarter and has cash plus a cheap loan from its controlling shareholder. But 72 percent of revenue is a fee just below programming costs, 70 percent of the vote sits with Hulu/Disney, and $2.6 billion of goodwill had only 3.6 percent headroom in March 2026. Since the merger, the stock has fallen 83 percent. Not investment advice.
Dependence on Hulu
72% of Q3 FY2026 revenue ($1,067.9M of $1,481.7M) is Hulu’s wholesale fee, only 95% of programming costs in 2025/2026; distribution, pricing and advertising with Hulu; receivable of $501.3M (10-Q for the quarter ended 06/30/2026).
Control & governance
Hulu/Disney hold 70% of the vote, FuboTV uses the controlled-company exemptions; reverse split by Hulu consent (03/2026), Disney executive as CEO (07/2026).
Earnings power
Gross margin 7.3%, operating loss of $26.6M in Q3 FY2026; adjusted EBITDA positive in every quarter since the merger ($41.4M / $37.7M / $19.1M), target ≥ $300M for FY2028.
Balance sheet & goodwill
Goodwill of $2,614.2M against $813.4M of shareholders’ equity; headroom in the 03/31/2026 test only about 3.6%, share price about 19% lower since.
Liquidity & financing
Cash of $236.4M (06/30/2026), no going-concern doubt; Disney loan of $145M at 4.2% until 2031, $177.5M convertible notes not due until 02/2029.
Worth Noting
FuboTV made our research list through our in-house Reddit hype scanner (10/29/2026); on 10/31/2026 it also appeared in the price-to-sales ranking, price-to-earnings ranking, Beneish M-Score, bankruptcy-risk radar and parabolic-reversal scanner.
The accounting acquirer in the merger is the Hulu Live business; prior-year figures in the 10-Qs since 12/31/2025 are Hulu Live figures. Figures for the old FuboTV (2022–2024, nine months 2025) come from its own 10-K/10-Q and are shown separately.
Market value calculated by us: 30,204,277 Class A shares, or including 78,992,518 exchangeable Hulu units (10-Q cover page, 07/31/2026) × $7.62 close (10/30/2026). The Class A count matches the fundamental data exactly. Enterprise value = $832.1M + $177.5M + $145.0M − $236.4M.
Four-quarter revenue (about $6.2B) and adjusted EBITDA (about $102M) combine pro forma (Q4 FY2025, Q1 FY2026) and reported figures (Q2, Q3 FY2026) from the 08/05/2026 shareholder letter; the arithmetic range for Q4 FY2026 (−$8.2M to +$1.8M) is our own calculation from the $90–100M guidance minus $98.2M for nine months.
Prices are adjusted for the 1-for-12 reverse split (03/23/2026); $44.28 = close on the merger day 10/29/2025 (unadjusted $3.69).
Stock Watch
This analysis is as of October 31, 2026. Stock Watch will tell you what's changed at FUBO since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 1.10 $ to 13.80 $ · Last price: 7.60 $ (As of: October 30, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 10/30/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Broadcasting
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Fubotv Inc FUBO | 0.2 | 2.5 | 9.4 | 6.0 | – | 67.7 | -82.0 |
| Nexstar Broadcasting Group Inc NXST | 5.1 | 38.4 | 10.9 | 55.1 | 22.2 | -8.5 | -6.4 |
| Newsmax, Inc. NMAX | 1.1 | – | 0.0 | 39.6 | -8.6 | 10.7 | -19.5 |
| Sinclair Broadcast Group Inc SBGI | 0.9 | 15.1 | 7.2 | 45.4 | – | -10.7 | 3.3 |
| Gray Television Inc GTN-A | 0.8 | – | 10.1 | 26.1 | 18.6 | -15.1 | -6.7 |
| Gray Television Inc GTN | 0.5 | – | 10.1 | 26.1 | – | -15.1 | 8.8 |
| iHeartMedia Inc Class A IHRT | 0.3 | – | 13.8 | 58.8 | – | 0.3 | -41.7 |
| E. W. Scripps Co Class A SSP | 0.2 | – | 11.9 | 40.4 | – | -14.3 | 44.5 |
| Curiositystream Inc. CURI | 0.2 | – | 10.8 | 63.0 | – | 40.1 | -40.7 |
| Median of companies shown | 0.5 | 15.1 | 10.1 | 40.4 | 18.6 | -8.5 | -6.7 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 0 | -1 | -10 | -3.23 | -1 | -5 | 0 |
| 2017 | 0 | -1 | 10 | 4.84 | -1 | -3 | 0 |
| 2018 | 0 | -15 | -11 | -0.82 | -3 | 206 | 286 |
| 2019 | 4 | -39 | -34 | -1.54 | 2 | 201 | 368 |
| 2020 | 218 | -480 | -570 | -12.82 | -151 | 634 | 859 |
| 2021 | 638 | -328 | -383 | -33.41 | -193 | 682 | 1,370 |
| 2022 | 1,009 | -412 | -561 | -36.92 | -317 | 413 | 1,278 |
| 2023 | 1,368 | -293 | -287 | -1.04 | -178 | 284 | 1,233 |
| 2024 | 1,623 | -178 | -172 | -6.47 | -76 | 196 | 1,077 |
| 2025 | 2,722 | -72 | 156 | 5.35 | -166 | 275 | 4,095 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.11 | – | 1,106 | 169.60 | -3.50 | 20 | 15 |
| 2025: Q1 | 6.62 | – | 1,126 | 179.80 | -3.60 | 161 | 161 |
| 2025: Q2 | -0.28 | – | 1,074 | 174.60 | -3.50 | -35 | -38 |
| 2025: Q3 | -0.66 | – | 377 | -2.30 | -5.00 | -7 | -4 |
| 2025: Q4 | -0.21 | – | 1,549 | 40.00 | -0.40 | -200 | -201 |
| 2026: Q1 | -0.07 | -101.00 | 1,574 | 39.80 | -0.10 | -212 | -212 |
| 2026: Q2 | -0.25 | 10.70 | 1,482 | 38.00 | -0.60 | -5 | -5 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 5 of our scanner strategies — each hit links to the scanner.
Backtested Scanners
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 0.11 | 0.08 – 0.13 | 6,266 | 110.0% | 2 |
| 09/30/2027 | 0.45 | -0.63 – 2.33 | 6,479 | 172.8% | 6 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
FuboTV setzt laut Geschäftsbericht (10-K) für 2024 und Quartalsbericht (10-Q) zum 30.06.2026 selbst entwickelte und zugekaufte KI- und Machine-Learning-Technik im eigenen Streaming-Angebot ein (Empfehlungsmaschine, interaktive Funktionen); Umsatz mit KI-Produkten gibt es keinen, und die KI-Risikofaktoren sind allgemein gehalten statt einer konkreten Bedrohung des Geschäftsmodells — nach dem Kriterienkatalog „nutzt“.
View the full file — quotes, sources, reviewed filings
„In addition to our proprietary AI technologies, we use AI technologies licensed from third parties in our business."
Zusätzlich zu unseren eigenen KI-Technologien nutzen wir in unserem Geschäft KI-Technologien, die wir von Dritten lizenziert haben.
10-Q · 2026-08-05 · View SEC filing
„We then leverage our technology and data to drive higher engagement and induce retentive behaviors such as watching content, favoriting channels, recording shows, and increasing discovery through our proprietary machine learning recommendations engine."
Anschließend nutzen wir unsere Technologie und unsere Daten, um die Nutzung zu steigern und bindendes Verhalten zu fördern – etwa Inhalte anzusehen, Sender zu favorisieren, Sendungen aufzunehmen und über unsere eigene Machine-Learning-Empfehlungsmaschine mehr zu entdecken.
10-K · 2025-03-03 · View SEC filing
Filings Reviewed: 10-Q 2026-08-05 · 10-Q 2026-05-06 · 10-Q 2026-02-05 · 10-Q 2025-11-03 · 10-K 2025-03-03 · 10-K 2024-03-05
Rated on October 31, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 39.2%
- More than 10% revenue growth is expected for the coming year 4.9%
- Share count grows by less than 3% a year 24.1%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -3.5%
- Gross margin at 40% or higher and without meaningful erosion 11.1%
- Goodwill from acquisitions does not grow faster than revenue 63.8%
- Net debt below twice EBITDA 1.2 x EBITDA
- Operating cash flow covers the profits of the last three years -116 m
- Return on capital at 15% or higher, or up versus two years ago -2.5%
- Insiders hold at least 10% or are net buyers 4.1%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
3/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 271.9%
- Exp. sales growth 3Y > 5% 54.3%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% -71.0%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% –
- ROCE > 15% -2.5%
- Expected return > 10% 51,828.5%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
The company
About the Company
FuboTV Inc. operates as a live TV streaming platform company in the United States and internationally.
- Employees
- 510
- Headquarters
- New York, NY
- Address
- 1290 Avenue of the Americas, 10104 New York, United States
- Phone
- 212 672 0055
- Website
- fubo.tv
- IPO Date
- 11/30/2017
- ISIN
- US35953D4016
- Stock Split
- 1:12 on 03/24/2026
Management
| Name | Title | Birth Year |
|---|---|---|
| Alberto Horihuela Suarez | Co-Founder & COO | 1988 |
| John Janedis C.F.A. | Chief Financial Officer | 1971 |
| Alisa Bowen | CEO & Director | 1973 |
| Eric Renard | Chief Technology Officer | – |
| Ameet Padte | Senior Vice President of FP&A, Corporate Development & Investor Relations | – |
| Gina R. DiGioia Esq. | Chief Legal Officer & Corporate Secretary | 1971 |
| Jennifer L. Press | Senior Vice President of Communications | – |
| Laura Schmidt | Senior Vice President of People Operations & Human Resources | – |
| Erik D. Gerson | Executive Vice President of Engagement & Retention | – |
| Todd Mathers | Executive Vice President of Content Strategy & Acquisition | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/05/2026 FuboTV Inc. (FUBO): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 07/29/2026 FuboTV Inc. (FUBO): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; Submission of Matters to a Vote of Security Holders; Financial Statements and Exhibits SEC ↗
- 07/09/2026 FuboTV Inc. (FUBO): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
Data as of: October 30, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.