It is now a unit of The Walt Disney Co., with its “sports first” virtual MVPD now attached at the hip to Hulu + Live TV. Fubo is no longer an independently owned entity under FuboTV Inc., but that didn’t stop its co-founder and chief executive from releasing the company’s third quarter earnings report — its last.
How did the entity led by David Gandler fare in Q3? While its net loss attributable to common shareholders was lowered to $18.87 million, from $52.42 million, Fubo enjoyed adjusted net income of $7.48 million in Q3 ($0.02 per share), moving from an adjusted net loss of $31.67 million (-$0.08).
“Fubo’s third quarter 2025 results reflect the strength of our execution and the growing demand for flexible, fan-first streaming,” said Gandler. “We delivered record third quarter subscriber growth in North America and our second consecutive quarter of positive Adjusted EBITDA—clear proof our model is working. New offerings like our Fubo Sports skinny service and Pay-Per-View platform are giving consumers more choice and control than ever. And, as we combine with the Hulu + Live TV business, we’re poised to create a next-gen Pay TV company – built for scale, personalization and profitability. We’re energized by what’s ahead and remain focused on delivering value for viewers, shareholders and our programming partners.”
In the third quarter, Fubo’s North America streaming business delivered total revenue of $368.6 million, down 2.3% year-over-year (YoY), and 1.631 million paid subscribers — up 1.1% from the third quarter of 2024.
Notably, the subscriber result was Fubo’s highest for a third quarter in the company’s history.
