FuboTV (FUBO 4.54%) stock saw a big pullback in Wednesday's trading following the company's latest quarterly report. The streaming specialist's share price closed out the daily session down 15.9%.
Before the market opened today, FuboTV published results for the second quarter of its 2026 fiscal year -- a period that ended March 31. While the company's per-share loss in the period was far lower than anticipated, sales missed Wall Street's targeted level.
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FuboTV's revenue and subscriber numbers were disappointing
FuboTV recorded a loss per share of $0.07 on sales of $1.57 billion in fiscal Q2. While the per-share loss was $0.26 lower than anticipated, sales also came in $10 million below the average analyst estimate. Revenue was up just 0.6% year over year, and the company's subscriber numbers were uninspiring. FuboTV closed out fiscal Q2 with 5.7 million subscribers in North America -- down from the 5.9 million subscribers reported in last year's quarter.
NYSE: FUBO
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What's next for FuboTV?
With its fiscal Q2 report, FuboTV reiterated previously issued guidance. The company continues to guide for non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) between $80 million and $100 million for the fiscal year. The company also said that it continues to expect to be free-cash-flow positive in the next two fiscal years and reiterated its target for adjusted EBITDA of at least $300 million in the 2028 fiscal year.
