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NEW YORK - FuboTV Inc. (NYSE:FUBO) reported its first-ever positive Adjusted EBITDA of $20.7 million for the second quarter ended June 30, 2025, marking a $31.7 million improvement compared to the same period last year, according to a company press release. The streaming platform, currently trading at $3.70 with a market capitalization of $1.26 billion, has demonstrated remarkable momentum with a 193% year-to-date return, according to InvestingPro data.
The sports-first live TV streaming platform narrowed its net loss from continuing operations to $8.0 million, or $0.02 per share, compared to a $25.8 million loss, or $0.08 per share, in the second quarter of 2024. Adjusted EPS was $0.05, compared to a loss of $0.04 in the prior-year period. With a beta of 2.3 and gross margins of 15%, InvestingPro analysis indicates the stock exhibits higher volatility than the broader market.
Despite these financial improvements, Fubo’s North American subscriber base declined 6.5% year-over-year to 1.356 million paid subscribers, with total revenue dropping 3% to $371.3 million. In its Rest of World operations, the company reported a 12.5% decline in subscribers to 349,000, while revenue increased 4.7% to $8.7 million. The company’s current ratio of 0.7 suggests some pressure on short-term liquidity, though InvestingPro analysis reveals 11 additional key insights available to subscribers.
"The second quarter of 2025 marked a pivotal milestone in Fubo’s business," said David Gandler, co-founder and CEO, in the press release statement. "Our continued focus on delivering choice and flexibility to consumers positions us well to capitalize on emerging opportunities." According to InvestingPro’s Fair Value analysis, FUBO currently appears slightly undervalued, suggesting potential upside for investors.
The company reported negative free cash flow of $37.7 million, a $2.4 million increase from the second quarter of 2024. Fubo ended the quarter with $289.7 million in cash, cash equivalents and restricted cash.
The financial results were announced as Fubo continues to pursue a pending business combination with Hulu + Live TV, for which the company filed a preliminary proxy statement with the SEC on July 28, 2025.
In other recent news, FuboTV Inc. reported preliminary second-quarter results that exceeded expectations, with total revenue anticipated to surpass $365 million. This figure is higher than both the company’s prior guidance of $345 million at the midpoint and analyst projections of $353.8 million. Additionally, FuboTV expects its paid subscriber base to exceed 1.35 million, above its previous guidance of 1.24 million. The company has also broadened its Pay-Per-View offerings by adding premium soccer and boxing events, including World Cup 2026 Qualifying matches. In a strategic move, FuboTV entered a multi-year partnership with DAZN to distribute sports channels across each other’s platforms in the United States. This collaboration includes the launch of DAZN1, a new channel featuring exclusive boxing and mixed martial arts events. Furthermore, FuboTV has introduced a new advertising feature, allowing programmatic purchase of pause ads on its platform, enhancing advertiser flexibility. Lastly, FuboTV secured a multi-year agreement with the European League of Football to broadcast games on its Fubo Sports channel starting in 2025.
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