Streaming platform FuboTV Inc. announced strong results for its third quarter ended September 30, 2025, ahead of its recent combination with Hulu + Live TV, according to the company’s formal release. The North America business generated revenue of $368.6 million, down 2.3 % year‑over‑year, and reached a record 1.631 million paid subscribers—a 1.1 % increase from the prior year and the highest subscriber tally the company has posted in a third quarter. The International (Rest of World) segment recorded revenue of $8.6 million, down 3.2 % year‑over‑year, and 342,000 paid subscribers, a decline of 9.5 %.
FuboTV reported a net loss from continuing operations of $18.9 million (EPS loss of $0.06) compared to a net loss of $54.7 million (EPS loss of $0.17) in Q3 2024. The company achieved an Adjusted EPS of $0.02, reversing the prior year’s adjusted EPS loss of $0.08. Adjusted EBITDA was positive at $6.9 million, an improvement of $34.5 million over Q3 2024, marking the second consecutive quarter of positive AEBITDA for the business. Operating cash flows (continuing operations) consumed $6.5 million, reflecting a $9.0 million improvement versus Q3 2024. Free Cash Flow (FCF) for the quarter was negative $9.4 million, worsening by $8.3 million from the year ago quarter. Cash, cash equivalents and restricted cash stood at $280.3 million at quarter end.
Co‑founder and CEO David Gandler said: “Fubo’s third quarter 2025 results reflect the strength of our execution and the growing demand for flexible, fan‑first streaming. 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.”
The results come just prior to FuboTV’s merger with Hulu + Live TV, which together will form the sixth largest pay‑TV service in North America. The underlying metrics of subscriber growth, margin improvement and substantial cash reserves signal that FuboTV is positioned for the next phase of scale and profitability as it transitions into a combined entity competing in the broader streaming and live‑television market. The data underscores the company’s attractiveness to investors looking at differentiated scaling strategies within the AVOD/SVOD ecosystem. Quarterly results were outlined in FuboTV’s Q3 press release and accompanying investor letter.
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