[Preliminary Q2 2025 Financial Results](index=1&type=section&id=Preliminary%20Q2%202025%20Financial%20Results) [Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Fubo announced preliminary Q2 2025 results, expecting to surpass its revenue and subscriber guidance for its global streaming business, anticipating its first-ever quarter of positive Adjusted EBITDA and a significant year-over-year improvement in net loss, alongside a strong cash position - Fubo's global streaming business is expected to exceed its **Q2 2025 revenue and subscriber guidance**[2](index=2&type=chunk) - The company expects its first quarter of **positive Adjusted EBITDA**, marking a significant milestone[3](index=3&type=chunk) - The full earnings release and conference call are scheduled for **August 8, 2025**[2](index=2&type=chunk)[6](index=6&type=chunk) [Regional Performance Breakdown](index=1&type=section&id=Regional%20Performance%20Breakdown) Both the North America and Rest of World (ROW) segments are projected to exceed their prior guidance for revenue and paid subscribers in Q2 2025, with North America revenue expected to surpass $365 million and ROW revenue expected to exceed $8.5 million Q2 2025 Preliminary Results vs. Guidance | Region | Metric | Expected Result | Prior Guidance (Midpoint) | | :--- | :--- | :--- | :--- | | **North America** | Total Revenue | > $365 million | $345 million | | | Paid Subscribers | > 1.350 million | 1.240 million | | **Rest of World (ROW)** | Total Revenue | > $8.5 million | $7 million | | | Paid Subscribers | > 340,000 | 330,000 | [Consolidated Financial Performance](index=1&type=section&id=Consolidated%20Financial%20Performance) Fubo projects a significant improvement in profitability for Q2 2025, with an expected net loss of approximately $8 million (an $18 million YoY improvement) and positive Adjusted EBITDA of at least $20 million (a $30 million YoY improvement), alongside a strong cash position of at least $285 million Q2 2025 Preliminary Consolidated Financials & YoY Improvement | Metric | Q2 2025 (Expected) | YoY Improvement | | :--- | :--- | :--- | | Net Loss | ~$8 million | ~$18 million | | Adjusted EBITDA | ≥ $20 million | ≥ $30 million | | Cash & Equivalents | ≥ $285 million | N/A | [Future Outlook & Guidance](index=1&type=section&id=Future%20Outlook%20%26%20Guidance) Due to the pending business combination with Hulu + Live TV, Fubo is pausing all future subscriber and revenue guidance and has withdrawn its previously stated 2025 profitability target to maintain operational flexibility during this period - Fubo is pausing the provision of future guidance for subscribers and revenue while the proposed business combination with Hulu + Live TV is pending[4](index=4&type=chunk) - The company is withdrawing its previously communicated **2025 profitability target** to retain flexibility[4](index=4&type=chunk) [Non-GAAP Financial Measures & Reconciliations](index=3&type=section&id=Non-GAAP%20Financial%20Measures%20%26%20Reconciliations) [Definition of Key Metrics](index=3&type=section&id=Definition%20of%20Key%20Metrics) The company defines "Paid Subscribers" as users who have completed registration and provided a payment method, excluding those on a free trial, and "Adjusted EBITDA" as a non-GAAP measure calculated by adjusting Net Loss from continuing operations for items like depreciation, stock-based compensation, and certain litigation/transaction expenses - Paid Subscribers are defined as total users who have completed registration and activated a payment method, from which payment has been collected, excluding free trial users[12](index=12&type=chunk) - Adjusted EBITDA is a non-GAAP measure defined as Net income (loss) from continuing operations, adjusted for items including depreciation, amortization, stock-based compensation, and certain litigation and transaction expenses[13](index=13&type=chunk) [Reconciliation of Net Loss to Adjusted EBITDA](index=3&type=section&id=Reconciliation%20of%20Net%20Loss%20to%20Adjusted%20EBITDA) Fubo provided a reconciliation of its preliminary Q2 2025 Net Loss to Adjusted EBITDA, expecting a preliminary Adjusted EBITDA of approximately $20.7 million, a significant turnaround from the negative $11.0 million reported in Q2 2024, driven by a lower net loss and adjustments for various expenses Reconciliation of Preliminary Net Income (Loss) to Non-GAAP Preliminary Adjusted EBITDA (in thousands) | | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Preliminary Net income (loss) from continuing operations** | **$ (8,026)** | **$ (25,833)** | | Depreciation and amortization | 10,138 | 9,519 | | Stock-based compensation | 8,253 | 10,308 | | Certain litigation and transaction expenses | 8,271 | 4,856 | | Other (income) expense | 1,875 | (9,941) | | Income tax provision | 152 | 99 | | **Preliminary Adjusted EBITDA** | **$ 20,663** | **$ (10,992)** | - Adjustments for "Certain litigation and transaction expenses" are attributed to antitrust/data privacy litigation and professional advisor costs related to the pending business combination with Hulu + Live TV[17](index=17&type=chunk) [Additional Information & Disclosures](index=2&type=section&id=Additional%20Information%20%26%20Disclosures) [Conference Call Information](index=2&type=section&id=Conference%20Call%20Information) Fubo will host a conference call on Friday, August 8, 2025, at 8:30 a.m. ET to discuss the full second-quarter results, with dial-in details and information for accessing the live webcast provided - A conference call to review full **Q2 2025 results** is scheduled for **August 8, 2025, at 8:30 a.m. ET**, with dial-in and webcast details provided[6](index=6&type=chunk)[7](index=7&type=chunk) [About Fubo](index=2&type=section&id=About%20Fubo) Fubo is a sports-first live TV streaming platform operating in the U.S., Canada, Spain, and France (via Molotov), aiming to be a cable TV replacement in the U.S. by offering over 400 live networks and being the only vMVPD with every English-language Nielsen-rated sports channel - Fubo operates its streaming service in the U.S., Canada, and Spain, and also operates Molotov in France[8](index=8&type=chunk) - In the U.S., Fubo is positioned as a sports-first cable TV replacement, notable for being the first vMVPD to launch features like **4K streaming and MultiView**[9](index=9&type=chunk) [Basis of Presentation](index=3&type=section&id=Basis%20of%20Presentation) The financial information presented is on a "continuing operations" basis, excluding the results from the company's former wagering segment (Fubo Gaming and Fubo Sportsbook), which are now classified as discontinued operations - The financial results presented are for continuing operations and exclude the former wagering reportable segment (Fubo Sportsbook), which is now treated as a discontinued operation[11](index=11&type=chunk) [Forward-Looking Statements & Disclosures](index=5&type=section&id=Forward-Looking%20Statements%20%26%20Disclosures) The press release contains forward-looking statements regarding preliminary financial results and business strategy, which are subject to substantial risks and uncertainties, and includes a financial disclosure advisory stating that the reported numbers are preliminary and may change upon completion of quarter-end financial closing procedures - The release contains forward-looking statements involving risks and uncertainties, and the company disclaims any obligation to update them[18](index=18&type=chunk) - All financial data is preliminary and subject to change as final quarter-end accounting procedures are completed[19](index=19&type=chunk)

Group 1 - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for trending stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] - A safer investment approach involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score [2] Group 2 - fuboTV Inc. (FUBO) is highlighted as a strong candidate for investment, showing a four-week price change of 7.9% [3] - FUBO has gained 47.4% over the past 12 weeks, indicating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 2.28, suggesting it moves 128% higher than the market in either direction, reflecting fast-paced momentum [4] Group 3 - FUBO has a Momentum Score of A, indicating a favorable time to invest based on its momentum characteristics [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [6] - FUBO is trading at a Price-to-Sales ratio of 0.83, suggesting it is undervalued at 83 cents for each dollar of sales [6] Group 4 - FUBO appears to have significant growth potential and is part of a broader list of stocks that meet the 'Fast-Paced Momentum at a Bargain' criteria [7] - There are over 45 Zacks Premium Screens available for investors to identify winning stock picks based on their investment style [8]

智通财经7月30日电，美股绩优股盘前走强，星巴克、MARA Holdings涨超4%，FuboTV涨近10%。 ...

Revenues are expected to be $354.45 million, down 8.9% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS ...

Core Viewpoint - FuboTV's stock surged by 9% in pre-market trading following the announcement of an upward revision in its revenue forecast for Q2 2025, now expected to exceed $365 million, compared to the previous estimate of $345 million [1] Company Summary - FuboTV's projected total revenue for Q2 2025 is now over $365 million, an increase from the earlier forecast of $345 million [1]

Core Viewpoint - FuboTV is facing significant challenges with declining subscriber numbers and financial losses, but a recent deal with Walt Disney could provide the necessary momentum for recovery and growth [2][3][10]. Subscriber and Financial Performance - In Q1 2025, Fubo's North American paid subscriber count decreased to 1.47 million from 1.676 million in the previous quarter, while revenue slightly increased to $408 million, but free cash flow remained negative at $62 million [5]. - Internationally, Fubo's subscribers dropped by 11% year over year, with segment revenue stagnating at approximately $8.4 million, and Q2 guidance suggests revenue could decline to as low as $340 million, representing a 10% decrease [6][11]. Disney Partnership - Fubo announced a deal with Walt Disney in January, where Disney and its partners will invest $220 million and provide a $145 million term loan to acquire 70% of Fubo, creating a combined subscriber base of over 6.2 million in North America [7][8]. - This partnership is expected to provide Fubo with scale, capital, and content leverage, which are critical for competing in the live streaming market [8][9]. Future Outlook - While the Disney agreement offers potential for stability, it is not guaranteed to resolve Fubo's issues immediately, and the company must continue to improve its operations [10][12]. - Despite some operational improvements, including a $37 million year-over-year increase in adjusted EBITDA and a $9.3 million improvement in free cash flow, Fubo still faces challenges with rising content costs and subscriber retention [10][11]. - The Disney partnership is seen as essential for Fubo's path to profitability, as competing with larger tech and legacy companies requires either a substantial subscriber base or significant financial resources [11][12][13].

Group 1 - Fubo has accelerated the timeline for closing its sale to Disney, now expecting the transaction to close in Q4 2025 or Q1 2026, pending regulatory approval and shareholder consent [1] - The previous expectation for the deal's closure was in the first half of 2026 [1] - Disney agreed to combine its Hulu + Live TV with Fubo, becoming the majority owner of the combined entity amidst a legal dispute over a proposed sports streaming joint venture [2][3] Group 2 - Post-closing, Fubo and Hulu + Live TV will remain separate offerings, with Hulu + Live TV available in the Hulu app and as part of a bundle with Hulu, Disney+, and ESPN+ [4] - Fubo will continue to operate through its own app and has the right to launch a new Sports & Broadcast service featuring Disney's networks [4] - The new Fubo will be managed by the current team led by CEO David Gandler, with Disney owning 70% of the company [5]

Group 1 - FuboTV's shares surged 206% in the first half of 2025 due to the merger agreement with Walt Disney [1] - The merger will combine Fubo with Hulu + Live TV, with Disney owning 70% of the new entity [4] - The merger is expected to triple Fubo's viewing audience and includes a $220 million payment to Fubo [5] Group 2 - Fubo reported a narrowed adjusted EBITDA loss of $86.1 million in 2024, with revenue growing 8% to $431.8 million [6] - The stock experienced volatility post-merger announcement, initially soaring before a modest pullback [2] - The Department of Justice is investigating the merger on antitrust grounds [6] Group 3 - Investors remain optimistic about the merger's success, anticipating that Disney's expertise could enhance Fubo's performance [8] - Despite the positive outlook, Fubo continues to face challenges as it remains unprofitable [8]

Group 1: FuboTV - FuboTV's stock has increased by 193% in 2025, with a significant surge in the first four trading days of the year [3][10] - The company secured a $220 million settlement from Venu partners, enhancing its financial position, as it started the year with an enterprise value of $475 million [4][8] - Disney's acquisition of a 70% stake in FuboTV, which includes its Hulu + Live TV platform, is expected to provide substantial synergies, although the deal is not expected to close until the first half of next year [5][9] - FuboTV's operating losses are narrowing, and the combination with Disney's services could lead to profitability in the future [7][9] Group 2: Groupon - Groupon's stock has risen by 194% in 2025, despite a history of declining revenue over the past eight years [10][12] - The company has exited unprofitable international markets and reduced its focus on low-margin physical goods, which is expected to improve its financial performance [11][12] - Revenue decline has slowed, with a 4% decrease in 2024 being the best performance since 2016, and analysts predict a return to marginal revenue growth in 2025 [12][13] - Groupon is positioned to benefit from both economic downturns and growth, as consumers and businesses may turn to its platform for value [13]

Group 1: TransMedics Group - TransMedics Group has seen its shares more than double this year due to positive company-specific developments despite initial challenges [1][3] - The company reported a 48% year-over-year revenue increase to $143.5 million in the first quarter, with net earnings per share doubling to $0.70 [4] - TransMedics raised its guidance for the full fiscal year 2025, indicating strong future prospects [4] - The company's organ care system (OCS) technology allows for longer storage of organs, improving usage rates compared to traditional methods [5][6] - There is significant growth potential in the organ donation market, with expectations of increased organ donations in the coming years [6][7] - The stock remains a buy for investors willing to hold long-term, even after its substantial increase in value this year [8] Group 2: FuboTV - FuboTV announced a merger with Disney's Hulu+ Live TV, enhancing its attractiveness by diversifying its offerings beyond sports streaming [9] - The merger led to the cancellation of the competing Venu initiative, which could have negatively impacted FuboTV's growth [10] - FuboTV received $220 million from former Venu backers and a $145 million term loan from Disney, providing a significant cash infusion [10] - With Disney as the majority shareholder, FuboTV benefits from the backing of a successful media giant, which is expected to support its growth in the streaming market [11] - Streaming accounted for 44.8% of television viewing time in the U.S. as of May, indicating a growing market with potential for further expansion [11] - Despite competition, FuboTV's new position post-merger and Disney's support suggest strong long-term upside potential, making the stock a buy [12]