Sports-focused streaming platform FuboTV reduced its losses in the third quarter of fiscal 2026, although it remained in the red despite posting strong revenue growth driven by subscriber gains and major sporting events.
The over-the-top (OTT) broadcaster reported a net loss of $25.7 million for the quarter, improving 32.3% from the $38 million loss recorded in the same period a year earlier.
Revenue for the April-to-June period rose 37.9% year-over-year to $1.482 billion, compared with $1.074 billion in the previous year.
However, adjusted EBITDA declined to just over $19 million, down from approximately $31 million in the prior-year period.
North America drives growth
North America remained the company’s core market, generating $1.474 billion in revenue during the quarter. Paid subscribers in the region increased 2% year-over-year to 5.75 million.
Outside North America, revenue declined slightly to $7.8 million, compared with $8.6 million a year earlier. International paid subscribers increased modestly from 349,000 to 356,000.
World Cup and NBA Finals boost subscriber growth
Chief Executive Officer Alisa Bowen, who assumed the role on July 10, said the third-quarter results reflected the company’s growth momentum, supported by subscriber acquisition during the NBA Finals and the 2026 FIFA World Cup.
Bowen also highlighted improvements in FuboTV’s advertising business following its integration with Disney Advertising, adding that the company will continue expanding subscription offerings, strengthening distribution and investing in product innovation to enhance the user experience and create long-term shareholder value.
Leadership transition after Hulu integration
Bowen recently succeeded David Gandler, FuboTV’s co-founder, as CEO.
According to Chairman Andy Bird, the leadership change comes at a pivotal moment following FuboTV’s merger with Hulu + Live TV last year. The combination created a stronger pay-TV streaming platform with an expanded content portfolio and deeper integration within Disney’s media ecosystem.