Core Viewpoint - FuboTV's stock experienced a significant decline of over 20% following the announcement of a reverse stock split, reflecting negative investor sentiment and concerns about financial distress [1] Financial Performance - Despite a headline loss in Q1, FuboTV's combined adjusted EBITDA has improved to nearly $78 million on a trailing-12-month pro forma basis, indicating operational improvements [3] - FuboTV's shares are currently trading at less than 0.4 times annual revenue, suggesting they are undervalued even for a struggling media company [4] Subscriber Base and Market Position - FuboTV has a total of 6.2 million subscribers in North America, maintaining its relevance in the pay television market with significant scale [4] Strategic Partnerships - The company has entered a landmark agreement to merge its sports-first streaming platform with Disney's Hulu and Live TV, which is expected to enhance cost-per-thousand impressions (CPM) and fill rates [5] - Expected synergies from the Disney deal are anticipated to begin realizing in the first quarter of 2026 [5] Investment Outlook - The extreme oversold conditions, combined with expected synergies from the Disney deal and improving operational metrics, present a tactical buying opportunity for risk-tolerant investors [6] - Wall Street analysts generally agree that the recent selloff of FuboTV shares has been excessive, with a consensus rating of "Hold" and a mean target price suggesting a potential upside of approximately 165% from current levels [7][9]