FuboTV Inc. (NYSE:FUBO) stock slid on Tuesday after it reported earnings for the first quarter of 2026.
Revenue of the sports-first live TV streaming platform rose 40% year-over-year (Y/Y) to $1.549 billion, topping the analyst consensus estimate of $1.096 billion.
Pro Forma revenue (giving effect to Fubo’s combination with Walt Disney Company’s (NYSE: DIS) Hulu + Live TV business) of $1.683 billion, compared to $1.588 billion Y/Y.
FuboTV reported a fourth-quarter loss of 2 cents per share, missing Wall Street’s estimate of a 1-cent loss.
The company’s adjusted EBITDA margin stood at 2.5% versus 1.4% Y/Y.
Fubo reported North America revenue of $1.543 billion for the quarter, compared to $1.106 billion in the prior-year period. On a pro forma basis, North America revenue was $1.675 billion for the quarter, compared to $1.579 billion during the prior-year period.
On a combined basis, Fubo ended the …