Live sports and TV streaming service fuboTV (NYSE:FUBO) met Wall Street’s revenue expectations in Q1 CY2026, with sales up 39.8% year on year to $1.57 billion. Its GAAP loss of $0.07 per share was 78.5% above analysts’ consensus estimates.
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fuboTV (FUBO) Q1 CY2026 Highlights:
- Revenue: $1.57 billion vs analyst estimates of $1.58 billion (39.8% year-on-year growth, in line)
- EPS (GAAP): -$0.07 vs analyst estimates of -$0.33 (78.5% beat)
- Adjusted EBITDA: $37.75 million vs analyst estimates of $4.32 million (2.4% margin, significant beat)
- Operating Margin: -0.6%, up from -3.6% in the same quarter last year
- Free Cash Flow was -$214.7 million, down from $157.7 million in the same quarter last year
- Domestic Subscribers: up 4.23 million year on year
- Market Capitalization: $365 million
Company Overview
Originally launched as a soccer streaming platform, fuboTV (NYSE:FUBO) is a video streaming service specializing in live sports, news, and entertainment content.
Revenue Growth
Examining a company’s long-term performance can provide clues about its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Luckily, fuboTV’s sales grew at an incredible 74.3% compounded annual growth rate over the last five years. Its growth beat the average consumer discretionary company and shows its offerings resonate with customers.
We at StockStory place the most emphasis on long-term growth, but within consumer discretionary, a stretched historical view may miss a company riding a successful new product or trend. fuboTV’s recent performance shows its demand has slowed significantly as its annualized revenue growth of 21.2% over the last two years was well below its five-year trend. 
We can dig further into the company’s revenue dynamics by analyzing its number of domestic subscribers and international subscribers, which clocked in at 5.7 million and 328,000 in the latest quarter. Over the last two years, fuboTV’s domestic subscribers averaged 88.6% year-on-year growth. On the other hand, its international subscribers averaged 9.5% year-on-year declines. 
This quarter, fuboTV’s year-on-year revenue growth of 39.8% was wonderful, and its $1.57 billion of revenue was in line with Wall Street’s estimates.
Looking ahead, sell-side analysts expect revenue to grow 22.6% over the next 12 months, similar to its two-year rate. This projection is healthy and suggests its newer products and services will spur better top-line performance.
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Operating Margin
fuboTV’s operating margin has risen over the last 12 months, but it still averaged negative 2.8% over the last two years. This is due to its large expense base and inefficient cost structure.
fuboTV’s operating margin was negative 0.6% this quarter.
Earnings Per Share
We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company’s growth is profitable.
Although fuboTV’s full-year earnings are still negative, it reduced its losses and improved its EPS by 49.7% annually over the last five years. The next few quarters will be critical for assessing its long-term profitability.
In Q1, fuboTV reported EPS of negative $0.07, down from $0.55 in the same quarter last year. Despite falling year on year, this print easily cleared analysts’ estimates. We also like to analyze expected EPS growth based on Wall Street analysts’ consensus projections, but there is insufficient data.
Key Takeaways from fuboTV’s Q1 Results
It was good to see fuboTV beat analysts’ EPS expectations this quarter. We were also excited its EBITDA outperformed Wall Street’s estimates by a wide margin. Zooming out, we think this was a good print with some key areas of upside. The stock traded up 1.2% to $12.56 immediately after reporting.
fuboTV had an encouraging quarter, but one earnings result doesn’t necessarily make the stock a buy. Let’s see if this is a good investment. If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here (it’s free).