FuboTV Expects Hulu+ Live TV Merger by 2025 or 2026 and Launches New Sports Initiatives

FuboTV Inc. reported its first quarter of positive adjusted EBITDA, exceeding revenue and subscriber expectations. The company signaled a potential close for the Hulu+ Live TV merger in Q4 2025 or Q1 2026. FuboTV also launched new sports initiatives, highlighting its growing momentum in the streaming industry.

FuboTV Inc. (FUBO) has announced its first quarter of positive adjusted EBITDA, marking a significant milestone for the streaming service. The company reported that its global streaming business exceeded both revenue and subscriber expectations in the second quarter. North America revenue reached $371 million with 1,356,000 paid subscribers, while Rest of World revenue was $8.7 million with 349,000 paid subscribers [1].

CEO David Gandler highlighted the company's progress, stating that the positive adjusted EBITDA is "an important milestone for our business." Gandler also announced that Fubo has filed a preliminary proxy statement seeking shareholder approval for the merger with Hulu+ Live TV, with an anticipated close in the fourth quarter of 2025 or the first quarter of 2026 [1].

In addition to the merger news, FuboTV launched new initiatives, including Fubo Sports, a skinny content service for sports fans, and a pay-per-view feature allowing both subscribers and non-subscribers to access live events on a one-off basis. The company also announced a content partnership with DAZN, which expands its reach and gives subscribers access to the DAZN1 channel [1].

Despite the positive news, FuboTV faced some challenges. Ad revenue in North America totaled $25.5 million, a 2% year-over-year decline, primarily due to the loss of certain ad-insertable content from Warner Bros. Discovery and TelevisaUnivision. The company's net loss narrowed to $8 million or $0.02 per share compared to a loss of $25.8 million or $0.08 per share a year ago [1].

Looking ahead, FuboTV remains focused on driving operating leverage and positioning the company for long-term growth. The company expects a typical seasonal uptick in the fall sports season. Management expressed optimism about the Hulu+ Live TV combination and the upcoming launch of new sports initiatives [1].

References:
[1] https://seekingalpha.com/news/4482631-fubo-signals-q4-2025-or-q1-2026-close-for-hulu-live-tv-merger-while-launching-new-sports