FuboTV, the US-based sports-focused OTT and internet television platform, has seen revenue fall slightly but narrowed its losses for the third quarter (Q3) of the 2025 calendar year, the last before the closure of its takeover by media giant Disney.
Across the three months ending September 30, 2025, Fubo’s core US business generated revenue of $368.6 million, down 2.3% year-on-year (YoY) on Q3 of 2024, but that was contrasted by a 1.1% YoY growth in paid subscribers, which now sit at 1.631 million, which is Fubo’s highest ever Q3 subscriber tally.
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Despite the small revenue drop, the company did cut its net loss to $18.9 million in the quarter.
Fubo’s international business, which is far smaller, generated just $8.6 million in revenue (down 3.2%), while paid subscribers fell to 342,000 (down 9.5%).
The quarter saw the launch of the Fubo Sports skinny content bundle, a lower-cost multi-service sports offering, and international carriage agreements.
Going forward, Fubo can perhaps expect strong gains following its Disney merger, which will see it maintain operation as a standalone service under the umbrella of Disney’s existing Hulu+Live TV service, but with Disney now holding 70% of shares.
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By GlobalDataThat merger, completed last week (October 29), will see Fubo integrated into Disney’s advertising structure, which in itself could provide gains, while Fubo will also examine content synergies with the other Disney services.
Speaking during a Q&A session after the earnings release, FuboTV chief executive David Gandler commented on the merger, and any potential overlaps with Hulu, saying: “I think this is one of the few cases of when companies combine that do not have any overlapping customers. Hulu + Live TV does not overlap with FuboTV. They’re similar, but quite different.
“We’ve been very focused on driving our sports identity, branding, and delivering capabilities for sports fans that I mentioned in my opening comments. Hulu has been more of a general entertainment bundle that has sports. It is very important for us to continue to provide consumers with optionality and flexibility. There is programming that we do not have on FuboTV today, obviously top-quality networks that are available at Hulu. This only adds to the spectrum of offers that we provide consumers at different price points along the demand curve.”
Despite this, Hulu+Live TV will likely merge operationally with Fubo at some point. This merger would allow the standalone Hulu streaming service to be integrated into the Disney+ service, streamlining Disney TV operations, merging disparate subscriber bases.
Combined, Hulu+LiveTV and FuboTV would boast close to six million subscribers, and would claim to be the “sixth largest pay-TV service in the US.”
