What Happened to FuboTV Inc.?

FuboTV Inc. was co-founded in January 2015 by David Gandler, Alberto Horihuela, and Sung Ho Choi, initially launching as a niche streaming service dedicated to live soccer. Priced at $7 per month, it aimed to cater to passionate soccer fans online. Recognizing a broader market shift away from traditional cable, FuboTV pivoted in early 2017 to become a more comprehensive virtual multichannel video programming distributor (vMVPD), expanding its content to include mainstream sports like NFL, NBA, MLB, and NHL, as well as entertainment and news programming.

A significant turning point for FuboTV occurred in March 2020 when it was acquired by FaceBank Group through a reverse merger, which enabled FuboTV to become a publicly traded entity. The company subsequently completed its initial public offering (IPO) on the New York Stock Exchange (NYSE) on October 7, 2020, under the ticker symbol 'FUBO', raising approximately $183 million in proceeds. This capital injection allowed FuboTV to pursue an interactive strategy, including an ambitious foray into sports betting with the acquisition of sports gaming firm Vigtory and the launch of Fubo Sportsbook. However, this venture proved challenging, and FuboTV announced the closure of its Fubo Gaming subsidiary and Fubo Sportsbook operations in October 2022, citing a challenging macroeconomic environment and the inability to lower funding requirements and generate sufficient shareholder returns.

In a transformative move, FuboTV completed a business combination with The Walt Disney Company's Hulu + Live TV business on October 29, 2025. This pivotal transaction resulted in FuboTV Inc. becoming an affiliate of Disney, with Disney holding a controlling interest. This merger significantly expanded FuboTV's reach and content offerings, combining Fubo's sports programming strengths with Hulu's broader entertainment and news lineup. The combined entity became the sixth-largest Pay TV company in the U.S.

As of Q1 Fiscal 2026 (the quarter ending December 31, 2025), FuboTV reported robust financial results, including North America reported revenue of $1.549 billion, a 40% increase year-over-year, and pro forma revenue of $1.683 billion. The company also significantly narrowed its reported net loss to $19.1 million, compared to $38.6 million in the prior year. North American subscribers reached 6.2 million, a slight decrease from 6.3 million a year earlier, but an increase from the previous quarter. FuboTV also announced a new reseller and marketing arrangement with ESPN in February 2026, aiming to integrate Fubo Sports into ESPN's commerce flow and enhance advertising revenue. Despite strong revenue performance, the company's stock experienced a decline following the Q1 2026 earnings report, and FuboTV announced plans for a reverse stock split to improve investor accessibility. The company continues to focus on leveraging the scale of the combined platform, integrating ad technology, and pursuing profitability.