FuboTV Posts Surprise Q2 Profit, Eyes Hulu Merger to Bolster Subscriber Base and Revenue

FuboTV Inc. announced a surprising profit for the second quarter of 2025, surpassing both subscriber and revenue expectations worldwide. This marks a notable shift toward profitability for the live TV streaming service compared to prior quarters of losses.

The company stated that both global subscriber counts and overall revenue exceeded its previous guidance, although specific figures were not disclosed. The strong performance was attributed to increased customer engagement and expanded content offerings during the quarter.

Looking ahead, FuboTV confirmed that it is on track to merge its offering with Hulu + Live TV in the fourth quarter of 2025. The integration will combine channel lineups and streaming content libraries to deliver a broader, unified service for subscribers. FuboTV trades on the New York Stock Exchange under the ticker symbol FUBO.

FuboTV Inc. is engaged in a high-stakes merger with Disney's Hulu Live TV, aiming to combine their subscriber bases and leverage synergies to enhance offerings and revenues. The proposed merger, if approved, would create an entity with approximately 6.2 million subscribers, merging Hulu's existing 4.6 million subscribers with FuboTV's sports-centric audience. This integration is projected to escalate combined revenues to $6 billion in 2025, a substantial increase from FuboTV's standalone 2024 revenue forecast of $1.59 billion. The plan includes cross-selling skinny sports bundles priced between $40 and $43. However, recognizing the potential regulatory hurdles inherent in such consolidation efforts, FuboTV has incorporated a $130 million termination fee clause in its merger agreement with Disney. This fee is payable if the merger fails due to lack of regulatory approval, effectively mitigating downside risk for FuboTV. Alongside this, FuboTV recently secured a $220 million settlement from Disney, Fox, and Warner Bros. Discovery related to their Venu Sports litigation, which has notably strengthened FuboTV’s balance sheet and reduced its net loss by 40% year-over-year to $177.8 million in 2024. Furthermore, FuboTV benefits from a $145 million term loan from Disney due in 2026, enhancing liquidity for content acquisition and growth initiatives. Operationally, FuboTV reported a 20% subscriber increase to 1.67 million in 2024, supported by carriage agreements with Mid-Atlantic Sports Network and YES Network. CEO David Gandler has set ambitious goals for 2025 profitability and targets $7.5 billion revenue with $550 million EBITDA by 2028, underpinning confidence in the long-term value of the merger. Despite ongoing antitrust scrutiny by the FTC on streaming consolidation, FuboTV’s defensive financial arrangements and growing subscriber base create a robust position to navigate regulatory challenges, turning risks into asymmetric opportunities that could secure significant growth and financial stability.