Fubo closed its first quarter with 6.2 million North American subscribers, down from a year-ago 6.3 million North American customers, the sports-first streaming service reported on Tuesday.
The overall subscriber base now represents customers for its live TV streaming services, including Fubo and Hulu + Live TV, after closing a merger deal with Disney. Unveiling its latest financial results including on a pro forma basis after closing Disney’s Hulu merger, Fubo saw its overall revenue rise 40 percent to $1.55 billion, while on a pro forma basis the first-quarter revenue was up 6 percent year-on-year to $1.68 billion.
During the latest quarter, Fubo narrowed its net loss to $19.1 million, compared to a year-earlier $38.6 million, while its pro-forma loss fell to $46.4 million, against a year-earlier $130.4 million. The pro forma adjusted EBITDA came to $41.4 million, compared to a year-earlier $22 million.
Following the completion of the Disney transaction, Fubo said it has pacted with ESPN on a reseller and marketing arrangement to expand the reach of its streaming platform, subject to concluding definitive agreements.
“2025 marked a year of transformation for Fubo as we completed a monumental business combination with Hulu + Live TV,” David Gandler, co-founder and CEO of Fubo said in a statement that accompanied his latest financial results.
“We set out on a mission to enhance consumer choice and expand programming flexibility by tapping into our collective strengths. We remain focused on our consumer promise to deliver value and choice across our flagship Fubo and Hulu + Live TV Pay TV brands,” he added ahead of a morning analyst call.