FuboTV Inc. (NYSE: FUBO) reported better-than-expected third-quarter earnings and revenue on Monday, highlighting continued subscriber growth and improving profitability, though shares fell more than 9% in intra-day trading following the release.
The sports-focused streaming service reported a quarterly loss of $0.06 per share, narrower than the consensus estimate of a $0.09 loss. Revenue rose to $377.2 million, surpassing expectations of $361.27 million.
The company achieved positive adjusted earnings per share of $0.02, compared with a loss of $0.08 in the same period last year. North American streaming subscribers reached 1.631 million, up 1.1% year-over-year, marking the highest third-quarter total in company history. However, North American revenue declined 2.3% year-over-year to $368.6 million.
Adjusted EBITDA reached $6.9 million, an improvement of $34.5 million from the same quarter in 2024, representing the company’s second consecutive period of positive Adjusted EBITDA. Net loss from continuing operations narrowed significantly to $18.9 million from $54.7 million a year earlier.
