FuboTV Initiates Rare Reverse Stock Split Amid Q1 2026 Earnings and Share Price Plunge

FuboTV's Q1 2026 revenue rose 40% to $1.543 billion, but the company reported a net loss of $19.1 million and negative 2 cents earnings per share. The streamer's shares fell 25% to $1.71 after the announcement. Fubo also revealed plans for a rare reverse stock split, which will combine existing shares and increase the value of each share. The company didn't provide specifics on why it initiated the reverse split.