FUBO reverse stock split: FuboTV makes a rare move, streamer's share price plunges 25%

Core Viewpoint - FuboTV Inc. reported a significant revenue increase in Q1 2026 but also faced a net loss, leading to a sharp decline in stock price and the announcement of a reverse stock split [1]. Financial Performance - FuboTV reported revenue of $1.543 billion for Q1 2026, representing a 40% increase compared to the same quarter the previous year [1]. - The company incurred a net loss of approximately $19.1 million for the quarter, with earnings per share reported at negative 2 cents [1]. Stock Market Reaction - Following the earnings report, FuboTV's stock price fell by 25%, trading around $1.71 per share [1]. Corporate Actions - FuboTV announced plans to initiate a reverse stock split, a less common corporate action compared to regular stock splits [1].