Form 8-K

8-K — FuboTV Inc.

Accession: 0001493152-26-036098

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0001484769

SIC: 7812 (SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — form8-k.htm (Primary)

EX-99.1 (ex99-1.htm)

EX-99.2 (ex99-2.htm)

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0001484769

2026-08-05

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d)

the Securities Exchange Act of 1934

Date

of report (Date of earliest event reported): August 5, 2026

FuboTV

Inc.

(Exact

name of registrant as specified in its charter)

Delaware

001-39590

26-4330545

(State

or other jurisdiction

incorporation)

(Commission

File

Number)

(IRS

Employer

Identification

Number)

1290

Avenue of the Americas

New

York, NY 10104

(Address

of principal executive offices) (Zip Code)

(212)

672-0055

(Registrant’s

telephone number, including area code)

N/A

(Former

Name or Former Address, if Changed Since Last Report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Class

A Common Stock, par value $0.0001 per share

FUBO

New

York Stock Exchange

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

2.02. Results of Operations and Financial Condition.

August 5, 2026, FuboTV Inc. announced its financial results for the quarter ended June 30, 2026. The full text of the shareholder letter

and press release issued in connection with the announcement are attached as Exhibits 99.1 and 99.2, respectively, to this Current Report

on Form 8-K.

The

information in this Item 2.02, including the information contained in Exhibits 99.1 and 99.2 of this Current Report on Form 8-K, shall

not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange

Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing

under the Exchange Act or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such a filing.

Item

9.01 Financial Statements and Exhibits.

(d)

Exhibits

The

following exhibits relating to Item 2.02 shall be deemed to be furnished, and not filed:

Exhibit

No.

Description

99.1

Letter to Shareholders, dated August 5, 2026.

99.2

Press Release of FuboTV Inc., August 5, 2026.

104

Cover

Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

FUBOTV

INC.

Date:

August

5, 2026

By:

/s/

Alisa Bowen

Alisa

Bowen

Chief

Executive Officer

EX-99.1

Filename: ex99-1.htm · Sequence: 2

Exhibit 99.1

August

5, 2026

Fellow

Shareholders:

am honored to be writing to you as FuboTV’s1 new Chief Executive Officer. Since my appointment in July, I have spent

the past month meeting our incredible team and diving headfirst into FuboTV’s strategy, which has only reinforced my confidence

in the company’s growth potential and ability to drive shareholder value.

While

I am new to FuboTV, I am no stranger to our industry, operations and key stakeholders. I have been fortunate to spend my entire career

in global media and entertainment businesses, holding senior leadership roles in operations and technology during periods of great transformation,

including nearly a decade at The Walt Disney Company. In these roles, I have gained deep experience in the evolving consumer trends that

are shaping media today, and the business models that have emerged from these exciting new dynamics.

Success

in this space requires a clear strategy, excellence in execution, thoughtful capital allocation, and the ability to move rapidly to deliver

at scale, all while keeping the viewer at the center of everything we do and continuing to innovate to drive engagement. That approach

was key to my success in building Disney’s global streaming ambitions into one of the largest and most profitable direct-to-consumer

streaming businesses in the world, and I’m excited to bring that experience to FuboTV.

Following

the combination with Hulu + Live TV, FuboTV is now one of the largest virtual Pay TV providers in North America, commanding over $6 billion

in pro forma combined revenue last fiscal year. Also, importantly, our company, named among Fast Company’s 2026 Most Innovative

Video Companies, is a leader in its content packaging across sports, entertainment and news, including local programming, and is widely

recognized as delivering a best-in-class user experience. These are strong foundations for growth, and my goal is to help the combined

company reach its full potential by maximizing these opportunities.

It’s

not lost on me that it’s a unique position to be FuboTV’s second-ever CEO, especially at a pivotal time in the company’s

evolution. I plan to champion the same innovation that has been a hallmark of FuboTV’s history, while enhancing the experience

for our subscribers and deepening our relationships with advertisers and content partners.

As used in this letter, unless expressly indicated otherwise, “FuboTV” refers to FuboTV Inc. (and its consolidated

subsidiaries), and “Fubo” refers to the Company’s Fubo-branded offerings.

my first few weeks, I’ve been able to see what makes our platforms and content so compelling – and this is evident in our

third-quarter results. Subscriber performance during the quarter was strong, reflecting our unparalleled offering for can’t-miss

live events like the NBA Finals and the FIFA World Cup 2026™. Our leadership position in advancing the live TV user experience

was on full display during the World Cup, including enhanced search and personalization capabilities, interactive content hubs and mobile

viewing innovations on the Fubo service. Our subscribers’ response to these features was strong and reinforces the Company’s

position as an innovator.

Importantly,

we also continue to see the impact of our deeper commercial relationship with our presence on Disney platforms. For example, ESPN’s

“Where-to-Watch” integration is proving to be an emerging source of subscriber acquisition for Fubo products, delivering

strong conversion and retention metrics to date compared with other acquisition channels, and demonstrating the opportunity from reaching

high quality, well qualified potential subscribers with our offers. We believe Disney’s progress towards fully integrating Hulu

into Disney+, including the planned Live TV integration, will be another positive step, and we are excited about advancements in the

Live TV consumer experience. And, we have begun to see the power of being part of the Disney advertising organization with improvements

in both Fubo’s CPM rates and capacity utilization since completing our migration to the Disney Ad Server platform. We are also

thrilled that FuboTV was part of Disney’s Advertising Upfronts this year, adding to Disney’s portfolio of industry-leading

live sports, news and entertainment opportunities for advertisers. While these initiatives are in their early innings, they are positive

steps that we plan to continue building on as we move forward.

Looking

ahead, I am working closely with our teams to sharpen our strategic focus, and determine where we can amplify our opportunities to accelerate

growth and drive profitability, as we continue to position FuboTV for this next phase. I will be sharing a strategic update on our November

earnings call, along with more details on our plan to deliver increasing shareholder value.

FuboTV’s

future is bright and I am excited to build on its momentum. In the meantime, I encourage you to read more about our third quarter product

and performance highlights in the remainder of the letter below.

Sincerely,

Alisa

Bowen

CEO,

FuboTV

Fiscal 2026 Highlights

facilitate comparability between periods, the following presents FuboTV’s Q3 fiscal 2026 results compared to FuboTV’s results

for the corresponding three month period ended June 30, 2025 (“Q3 fiscal 2025”) on an as-reported basis and pro forma basis,

which gives effect to the Company’s business combination with Hulu + Live TV as if it had been completed at the beginning of the

first period presented.

● Revenue

of $1.482 billion, compared to $1.074 billion in Q3 fiscal 2025

○ Compared

to Q3 fiscal 2025 Pro Forma Revenue of $1.484 billion

● Total

North America Subscribers of 5.75 million, compared to 5.63 million in Q3 fiscal 2025,

representing growth of 2% on a year-over-year (YoY) basis

● Net

Loss of $25.7 million, compared to a Net Loss of $38.0 million in Q3 fiscal 2025

○ Compared

to Q3 fiscal 2025 Pro Forma Net Loss of $72.0 million

● Adjusted

EBITDA2 of $19.1 million, compared to Pro Forma Adjusted EBITDA2

of $31.0 million in Q3 fiscal 2025

● Cash

Position: FuboTV ended the quarter with $236.4 million in cash, cash equivalents and

restricted cash on hand

● Earnings

Per Share (“EPS”) loss of $0.25

ended the quarter with 29,484,803 shares of Class A common stock issued and outstanding and 78,992,518 shares of Class B common stock

(vote only) issued and outstanding.

Summary Financials (millions)

Global

Fiscal Quarter

3Q25

4Q25

1Q26

2Q26

3Q26

Quarter Ending

6/28/2025

9/27/2025

12/31/2025

3/31/2026

6/30/2026

Revenue

$ 1,073.8

$ 1,107.7

$ 1,548.7

$ 1,573.9

$ 1,481.7

Pro Forma Revenue

$ 1,483.8

$ 1,501.7

$ 1,683.1

Net Income (Loss)

$ (38.0 )

$ (38.8 )

$ (19.1 )

$ (6.2 )

$ (25.7 )

Pro Forma Net Income (Loss)

$ (72.0 )

$ (96.3 )

$ (46.4 )

Pro Forma Adjusted EBITDA / Adjusted EBITDA3

$ 31.0

$ 4.1

$ 41.4

$ 37.7

$ 19.1

North America (NA)

Fiscal Quarter

3Q25

4Q25

1Q26

2Q26

3Q26

Quarter Ending

6/28/2025

9/27/2025

12/31/2025

3/31/2026

6/30/2026

Revenue

$ 1,073.8

$ 1,107.7

$ 1,542.9

$ 1,565.6

$ 1,473.9

Pro Forma Revenue

$ 1,475.1

$ 1,493.2

$ 1,674.5

Total Subscribers

5.63

6.01

6.18

5.73

5.75

Rest of World (ROW)

Fiscal Quarter

3Q25

4Q25

1Q26

2Q26

3Q26

Quarter Ending

6/28/2025

9/27/2025

12/31/2025

3/31/2026

6/30/2026

Revenue

$ -

$ 5.8

$ 8.3

$ 7.8

Pro Forma Revenue

$ 8.6

Total Subscribers

0.349

0.342

0.335

0.328

0.356

Adjusted EBITDA and Pro Forma Adjusted EBITDA are non-GAAP financial measures. For a reconciliation of these measures to the most directly

comparable U.S. GAAP financial measures, Net Income (Loss) and Pro Forma Net Income (Loss) (prepared in accordance with Article 11 of

Regulation S-X), respectively, for historical periods, please refer to the “Reconciliation of Key Performance Metrics and Non-GAAP

Financial Measures” section of this letter. See “Basis of Presentation” and “Key Performance Metrics and Non-GAAP

Financial Measures” for more information.

3 Adjusted

EBITDA for all periods prior to Q2 fiscal 2026 is presented on a pro forma basis.

Guidance

and Long-Term Financial Targets

● Revised

Fiscal 2026

Pro Forma Adjusted EBITDA4 guidance to $90-$100 million (compared to $80-$100

million previously)

● Reaffirmed

Fiscal 2028 Adjusted EBITDA4 target of at least $300 million

● Positive

Free Cash Flow4 remains expected in Fiscal 2027 and Fiscal 2028 under current

operating plan

● Reaffirmed

Fiscal 2026 ending cash, cash equivalents and restricted cash guidance of at least $200 million

Fubo

Links on ESPN Platform

Our

previously announced inclusion of Fubo links on ESPN’s “Where to Watch” pages is off to a promising start. To

date, customers referred to Fubo from ESPN (via ESPN.com) have been converting from free trials to paid subscriptions at higher

levels than customers acquired from other channels, and are showing favorable early retention indicators. This suggests the initiative

is driving high quality customers to the Fubo platform.

North

America Advertising

Reported

advertising revenue was $108.9 million, compared to pro forma advertising revenue of $109.4 million in the comparable prior-year period.

We completed the integration of Fubo with the Disney Ad Server and optimized audience targeting, resulting in a lift to fill rates and

CPMs on Fubo. Additionally, the FIFA World Cup 2026™, of which Fubo streamed in English (via FOX) and Spanish (Telemundo), drove

meaningful ad revenue during the quarter, amounting to three times the ad revenue compared to the 2022 World Cup competition. As we continue

to refine our ad tech synergies with Disney, we anticipate sustained advancement across our advertising business.

4 Free

Cash Flow is a non-GAAP financial measure. The Company is not providing a reconciliation of forward-looking Pro Forma Adjusted EBITDA,

Adjusted EBITDA or Free Cash Flow to the most directly comparable U.S. GAAP measures, Pro Forma Net income (Loss) (prepared in accordance

with Article 11 of Regulation S-X), Net Income (Loss) and net cash provided by (used in) operating activities, respectively, because

the Company does not currently have sufficient information to accurately estimate all of the variables and individual adjustments for

such reconciliation. As such, the Company cannot estimate on a forward-looking basis without unreasonable effort the impact these variables

and individual adjustments will have on its reported results. See also “Basis of Presentation” and “Key Performance

Metrics and Non-GAAP Financial Measures.”

Fubo

Platform Product and Technology Update

redesigned and optimized the Fubo mobile experience for FIFA World Cup 2026™, delivering the tournament’s biggest moments

through a compelling live and on-demand streaming experience. Our Fubo mobile app home screen became a destination to catch up on live

scores, match moments and team news, while features like game alerts drove viewership to the full game. This dynamic user-controlled

experience, which we also extended to CTV and web, contributed to increased repeat visits to our platform during the tournament, including

a 20% increase in repeat visits to Fubo’s Spanish-language plans.

also expanded our feature that leverages opted-in users’ DVRs to identify and surface must-watch moments, across all sports. The

Fubo platform now supports player-level and cross-game moments. Among applicable users, more than 40% engaged with the feature weekly.

Those who did engage returned to the platform 6 more days in June than those who did not.

Through

these features, we are providing our subscribers with personalized tools to experience live events, using their DVR to give them control

over how they view and interact with their favorite content.

Also

during the quarter we launched our user-configured Multiview feature on LG TVs, making Fubo the first vMVPD to launch Multiview with

LG ahead of the 2026 fall football season. Additionally, as a result of our investments in streaming quality and upscaling, we now offer

our users a robust selection of high-resolution channels that compares favorably to other streaming services.

Looking

ahead, we remain on track to launch our previously announced AI-driven voice assistant feature in the fall. Our voice assistant will

allow subscribers to search their DVR’d content using natural language queries (e.g., “show me the touchdowns from this weekend’s

games” or “I want to watch Michigan’s game-winning drive from last night”).

Content

and Distribution

were pleased to bring back NBCUniversal’s portfolio of sports, entertainment and news networks to Fubo. This included Telemundo

and Universo, the official Spanish-language distribution partners for FIFA World Cup 2026, which we were excited to deliver to subscribers

of Fubo Latino. The reintroduction of these networks in time for the World Cup contributed to subscriber growth in the month of June.

Our

continued expansion of our robust live sports offering was marked by new content partnerships with The Athletic, Ice Cube’s BIG3

basketball, Tracy McGrady’s ONES Basketball League and the European Football Alliance (EFA).

Fiscal 2026 Earnings Live Conference Call

FuboTV

CEO Alisa Bowen and CFO John Janedis will host a conference call today at 9:30 a.m. ET to deliver remarks on the quarter followed by

a question-and-answer session. The live webcast will be available on the Events & Presentations page of FuboTV’s

Investor Relations website. An archived replay of the webcast will be available on FuboTV’s website shortly after the conclusion

of the call. Participants should join the call at least 10 minutes prior to ensure that they are connected prior to the event.

Information

encourage you to read our full set of financial statements and SEC filings and to sign up for email alerts on the investor relations

section of our website at ir.fubo.tv.

Additional

information is available at www.sec.gov under FuboTV Inc.’s filings, as well as https://ir.fubo.tv.

FuboTV

Inc. intends to use its website as a disclosure channel and investors are encouraged to refer to it, as well as press releases and SEC

filings. The Company encourages reading the full set of financial statements and related disclosures in its Quarterly Report on Form

10-Q for the quarterly period ended June 30, 2026 that will be filed with the SEC.

About

FuboTV Inc.

FuboTV

Inc. (NYSE: FUBO) is a consumer-first live TV streaming company with the mission of delivering premium sports, news and entertainment

programming through a best-in-class user experience that offers greater choice, flexibility and value. The sixth largest Pay TV company

and the second largest vMVPD in the U.S. (UBS estimates) and ranked among Fast Company’s Most Innovative Companies (2026)

and the Financial Times’ The Americas’ Fastest-Growing Companies (2026, 2025), FuboTV Inc. owns Hulu + Live TV (entertainment),

Fubo (sports) and Molotov (entertainment and sports), which stream in markets around the globe. FuboTV Inc. is an affiliate of The Walt

Disney Company.

Learn

more at https://fubo.tv

Forward-Looking

Statements

This

letter contains forward-looking statements of FuboTV Inc. (the “Company” or “FuboTV”) that involve substantial

risks and uncertainties. All statements contained in this letter that do not relate to matters of historical fact are forward-looking

statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding our business strategy

and plans, our financial results and our expected future financial results, including our financial outlook and/or guidance and long-term

targets, which include Adjusted EBITDA, Pro Forma Adjusted EBITDA, Free Cash Flow and ending cash, cash equivalents and restricted cash,

growth opportunities and expected acceleration of our growth and profitability objectives, our offerings and the benefits of any expanded

product offerings and technical innovations, including the use of AI tools, the timing of future launches, our partnerships and other

arrangements, our sports programming and packaging, distribution and consumer preferences, the benefits of our business combination with

Hulu + Live TV, progression on synergy opportunities and anticipated related benefits, and benefits of our ad tech migration to Disney.

The words “could,” “will,” “plan,” “intend,” “anticipate,” “approximate,”

“expect,” “potential,” “believe” or the negative of these terms or other similar expressions are

intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual

results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that

Fubo makes due to a number of important factors, including but not limited to the following: our ability to achieve or maintain profitability;

risks related to our access to capital and fundraising prospects to fund our financial operations and support our planned business growth;

risks related to the integration of the Hulu + Live TV business; risks related to our organizational structure following completion of

the Business Combination; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to

effectively manage our growth; risks related to the Business Combination; the long-term nature of our content commitments; our ability

to renew our long-term content contracts on sufficiently favorable terms; our ability to attract and retain subscribers; risks related

to our commercial arrangements with Hulu; obligations imposed on us through our agreements with certain distribution partners; our ability

to license streaming content or other rights on acceptable terms; the restrictions imposed by content providers on our distribution and

marketing of our products and services; our reliance on third party platforms to operate certain aspects of our business; risks related

to the difficulty in measuring key metrics related to our business; risks related to preparing and forecasting our financial results;

risks related to the highly competitive nature of our industry; risks related to our technology, as well as cybersecurity and data privacy-related

risks; risks related to our conversion to a Delaware corporation and our status as a “controlled company”; risks related

to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory

conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies. Further risks that

could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed

in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 filed with the Securities and Exchange Commission

(“SEC”), our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, to be filed with the SEC, and our

other periodic filings with the SEC. We encourage you to read such risks in detail. The forward-looking statements in this letter represent

FuboTV’s views as of the date of this letter. FuboTV anticipates that subsequent events and developments will cause its views to

change. However, while it may elect to update these forward-looking statements at some point in the future, it specifically disclaims

any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing FuboTV’s views as

of any date subsequent to the date of this letter.

(FuboTV

Inc. As-Reported Financial Statements begin on the following pages)

FuboTV

Inc.

Condensed

Consolidated Statements of Operations and Comprehensive Loss

(in

thousands, except share and per share amounts)

For the Three Months Ended

June 30,

June 28,

2026

2025

Unaudited

Revenues

Subscription

$ 300,403

$ -

Related party

1,067,851

1,071,001

Advertising

108,944

Other

4,516

2,794

Total revenues

1,481,714

1,073,795

Operating expenses

Subscriber related expenses

816,867

496,221

Subscriber related expenses - related party

547,820

574,780

Broadcasting and transmission

9,141

Sales and marketing

59,245

1,184

Technology and development

20,900

General and administrative

18,111

39,629

Depreciation and amortization

36,227

Total operating expenses

1,508,311

1,111,814

Operating loss

(26,597 )

(38,019 )

Other income (expense)

Interest expense, net

(2,988 )

Amortization of debt premium, net

4,674

Other income (expense)

(72 )

Total other income (expense)

1,614

Loss from before income taxes

(24,983 )

(38,019 )

Income tax provision

(728 )

Net loss

(25,711 )

(38,019 )

Less: Net loss attributable to non-controlling interest

17,487

Net loss attributable to common shareholders

$ (8,224 )

$ (38,019 )

Other comprehensive income (loss)

Foreign currency translation adjustment

Comprehensive loss attributable to common shareholders

$ (8,144 )

$ (38,019 )

Net loss per share - basic and diluted

$ (0.25 )

$ -

Weighted average shares outstanding:

Basic and diluted

32,758,090

Stock-based compensation was allocated as follows:

Subscriber related expenses

Sales and marketing

2,422

Technology and development

2,213

General and administrative

4,776

Total stock-based compensation

9,477

FuboTV

Inc.

Condensed

Consolidated Balance Sheets

(in

thousands)

June 30,

September 27,

2026

2025

Unaudited

ASSETS

Current assets

Cash and cash equivalents

$ 230,283

$ -

Accounts receivable, net

109,609

6,655

Accounts receivable, net - related party

501,302

Prepaid and other current assets

50,381

Total current assets

891,575

6,655

Property and equipment, net

5,718

Restricted cash

6,145

Intangible assets, net

369,136

Goodwill

2,614,248

1,296,000

Right-of-use assets

32,204

Other non-current assets

18,060

Total assets

$ 3,937,086

$ 1,302,655

LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY

Current liabilities

Accounts payable

$ 37,772

$ -

Accrued expenses and other current liabilities

530,869

370,933

Related party current liabilities

244,260

16,396

Deferred revenue

71,314

Long-term borrowings - current portion

342

Current portion of lease liabilities

2,989

Total current liabilities

887,546

387,329

Convertible notes, net

224,953

Notes payable - related party

145,000

Deferred tax liabilities

1,732

Lease liabilities

29,456

Other long-term liabilities

9,530

Total liabilities

1,298,217

387,329

COMMITMENTS AND CONTINGENCIES (Note 13)

Redeemable non-controlling interest

1,825,516

Shareholders' equity:

Preferred Stock par value $0.0001: 50,000,000 shares and 0 shares authorized at June 30, 2026 and September 27, 2025, respectively; 0 shares issued and outstanding at June 30, 2026 and September 27, 2025, respectively

Class A Common Stock par value $0.0001: 5,000,000,000 and 0 shares authorized at June 30, 2026 and September 27, 2025, respectively; 29,484,803 and 0 shares issued and outstanding at June 30, 2026 and September 27, 2025, respectively

Class B Common Stock par value $0.0001: 2,000,000,000 and 0 shares authorized at June 30, 2026 and September 27, 2025, respectively; 78,992,518 and 0 shares issued and outstanding at June 30, 2026 and September 27, 2025, respectively

Additional paid-in capital

829,743

915,326

Accumulated deficit

(16,301 )

Accumulated other comprehensive loss

(100 )

Total shareholders' equity

$ 813,353

$ 915,326

TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY

$ 3,937,086

$ 1,302,655

FuboTV

Inc.

Condensed

Consolidated Statements of Cash Flows

(in

thousands)

For the Nine Months Ended

June 30,

June 28,

2026

2025

Unaudited

Cash flows from operating activities

Net loss

$ (50,981 )

$ (117,520 )

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

Depreciation and amortization

96,467

Stock-based compensation

32,359

Amortization of debt premium, net

(12,438 )

Deferred income tax provision

521

Amortization of right-of-use assets

2,097

Changes in operating assets and liabilities of business:

Accounts receivable, net

(526,541 )

(112 )

Prepaid expenses and other assets

(11,137 )

Accounts payable

(7,162 )

Accrued expenses and other liabilities

89,839

(10,071 )

Deferred revenue

(28,261 )

Lease liabilities

(1,856 )

Net cash used in operating activities

(417,093 )

(127,703 )

Cash flows from investing activities

Acquisition of Fubo, net of cash acquired

268,057

Purchases of property and equipment

(1,066 )

Capitalization of internal use software

(8,045 )

Net cash provided by investing activities

258,946

Cash flows from financing activities

Proceeds from the issuance of common stock

Pre-combination net contributions from Disney

394,499

127,703

Proceeds from note payable - related party

145,000

Repayment of convertible notes

(144,765 )

Proceeds from exercise of stock options

102

Payment for cancellation of fractional shares

(2 )

Repayments of notes payable and long-term borrowings

(354 )

Net cash provided by financing activities

394,575

127,703

Net increase in cash, cash equivalents and restricted cash

236,428

Cash, cash equivalents and restricted cash at beginning of period

Cash, cash equivalents and restricted cash at end of period

$ 236,428

$ -

Supplemental disclosure of cash flows information:

Interest paid

11,394

Income taxes paid

464

Non-cash financing and investing activities:

Redeemable non-controlling interest

1,825,516

Unpaid property and equipment included accounts payable

Basis

of Presentation

October 29, 2025 (the “Closing Date”), FuboTV Inc. (the “Company” or “FuboTV”), The Walt Disney Company

(“Disney”) and Hulu, LLC (“Hulu”) consummated the transactions contemplated by the Business Combination Agreement,

dated as of January 6, 2025, by and among FuboTV, Disney and Hulu, pursuant to which the parties combined FuboTV’s existing business

with Disney’s Hulu + Live TV business (the “Hulu Live Business” and, such transactions, collectively, the “Business

Combination”).

The

Company has accounted for the Business Combination as a reverse acquisition of the Company using the acquisition method of accounting

in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”), with the Hulu Live Business

treated as the accounting acquirer. Accordingly, commencing with the fiscal quarter ended December 31, 2025, the historical combined

carve-out financial statements of the Hulu Live Business are presented as the historical financial statements of the Company. Prior to

the Business Combination, the Hulu Live Business operated as part of Hulu, which is controlled and consolidated by Disney, and, therefore,

its historical financial statements were prepared on a carve-out basis from Disney and Hulu, including allocations of certain corporate

costs, shared services, and assets and liabilities that were not historically operated or financed on a standalone basis. As a result,

the historical results of the Hulu Live Business are not necessarily comparable to the results of the Company following the Business

Combination.

facilitate comparability between periods, we have also included supplemental unaudited pro forma condensed combined financial information,

including Pro Forma Revenue and Pro Forma Net Income (Loss), giving effect to the Business Combination as if it had been consummated

at the beginning of the first period presented. The unaudited pro forma condensed combined financial information has been prepared in

accordance with U.S. GAAP and Article 11 of Regulation S-X. The unaudited pro forma condensed combined financial information is based

on the historical combined carve-out financial statements of the Hulu Live Business and the historical consolidated financial statements

of FuboTV, as adjusted to give effect to the Business Combination and related transactions. This information is provided for illustrative

purposes only and is not necessarily indicative of what the actual results of operations and financial position would have been had the

Business Combination and related transactions taken place on the dates indicated, nor are they indicative of the future consolidated

results of operations or financial position of the combined company.

Prior

to the closing of the Business Combination, the Hulu Live Business’s fiscal year ended on the Saturday closest to September 30,

and the Company’s historical fiscal year end was December 31. Effective as of the Closing Date, the Company changed its fiscal

year end to September 30, with its first full fiscal year following the Closing Date to end on September 30, 2026.

Key

Performance Metrics and Non-GAAP Financial Measures

Total

Subscribers

Total

Subscribers represent the total number of subscribers to our live TV streaming services, including Fubo and Hulu + Live TV, who have

completed registration, have activated a payment method (reflecting one paying subscriber per plan), and from whom payment was collected

during the month ending the relevant period. Subscribers participating in free or trial offerings are excluded from this metric. We believe

the number of total paid subscribers is a useful metric for gauging the size of our user base following the business combination with

Hulu + Live TV. For comparative purposes, Total Subscribers for periods ended prior to the Closing Date gives effect to the Business

Combination as if it had been completed at the beginning of such period.

Adjusted

EBITDA and Pro Forma Adjusted EBITDA

Adjusted

EBITDA and Pro Forma Adjusted EBITDA are non-GAAP financial measures defined as Net Income (Loss) and Pro Forma Net income (Loss), respectively,

in each case adjusted for depreciation and amortization, impairment of other assets, stock-based compensation, certain litigation and

transaction expenses, other (income) expense, income tax provision (benefit), and certain corporate allocation expenses. Certain

litigation expenses consist of legal expenses and related fees and costs for specific proceedings that we have determined arise outside

of the ordinary course of business and do not consider representative of our underlying operating performance, based on the several considerations

which we assess regularly, including: (1) the frequency of similar cases that have been brought to date, or are expected to be brought

in the future; (2) matter-specific facts and circumstances, such as the unique nature or complexity of the case and/or remedy(ies) sought,

including the size of any monetary damages sought; (3) the counterparty involved; and (4) the extent to which management considers these

amounts for purposes of operating decision-making and in assessing operating performance. Certain transaction expenses consist of professional

advisor costs related to the business combination with Hulu + Live TV. Certain corporate allocation expenses consist of expenses related

to allocations of Hulu and Disney’s corporate executive functions and other services previously provided by Hulu and Disney to

the Hulu Live Business. As many of these corporate functions are redundant to those already existing at FuboTV, FuboTV expects to incur

limited additional costs to operate as a combined public company that are not based on the commercial arrangements effective as of the

Closing Date.

Adjusted

EBITDA Margin and Pro Forma Adjusted EBITDA Margin

Adjusted

EBITDA Margin and Pro Forma Adjusted EBITDA Margin are non-GAAP financial measures defined as Adjusted EBITDA divided by Revenue and

Pro Forma Adjusted EBITDA divided by Pro Forma Revenue, respectively.

Free

Cash Flow

Free

Cash Flow is a non-GAAP measure defined as Net cash provided by (used in) operating activities, reduced by capital expenditures (consisting

of purchases of property and equipment), capitalization of internal use software, purchases of intangible assets and gain on settlement

of litigation, net. We believe Free Cash Flow is an important liquidity measure of the cash that is available for operational expenses,

investments in our business, strategic acquisitions, and for certain other activities such as repaying debt obligations and stock repurchases.

Free Cash Flow is a key financial indicator used by management. Free Cash Flow is useful to investors as a liquidity measure because

it measures our ability to generate or use cash. The use of Free Cash Flow as an analytical tool has limitations due to the fact that

it does not represent the residual cash flow available for discretionary expenditures. Because of these limitations, Free Cash Flow should

be considered along with other operating and financial performance measures presented in accordance with GAAP.

Reconciliation

of Key Performance Metrics and Non-GAAP Financial Measures

Certain

measures used in this letter, including Adjusted EBITDA, Pro Forma Adjusted EBITDA, Adjusted EBITDA Margin, Pro Forma Adjusted EBITDA

Margin and Free Cash Flow, are non-GAAP financial measures. We believe these are useful financial measures for investors as they are

supplemental measures used by management in evaluating our core operating performance. Our non-GAAP financial measures have limitations

as analytical tools, and you should not consider them in isolation or as a substitute for an analysis of our results under GAAP. There

are a number of limitations related to the use of these non-GAAP financial measures versus their nearest GAAP equivalents. First, these

non-GAAP financial measures are not a substitute for GAAP financial measures. Second, these non-GAAP financial measures may not provide

information directly comparable to measures provided by other companies in our industry, as those other companies may calculate their

non-GAAP financial measures differently.

The

following tables include reconciliations of the historical non-GAAP financial measures used in this letter to their most directly comparable

GAAP financial measures.

FuboTV

Inc.

Reconciliation

of Net Income (Loss) and Pro Forma Net Income (Loss) to Non-GAAP Adjusted EBITDA and Pro Forma Non-GAAP Adjusted EBITDA

(in

thousands)

Three Months Ended

June 30, 2026

March 31, 2026

December 31, 2025

September 27, 2025

June 28, 2025

As-Reported

Pro Forma

Reconciliation of Net Income (Loss) to Adjusted EBITDA

Net income (loss)

$ (25,711 )

$ (6,206 )

$ (46,388 )

$ (96,253 )

$ (71,970 )

Depreciation and amortization

36,227

36,010

27,367

46,579

46,580

Stock-based compensation

9,477

10,187

18,240

14,068

12,832

Certain litigation and transaction expenses(1)

628

36,793

7,664

8,271

Other (income) expense

(1,614 )

(3,215 )

(8,808 )

(528 )

(564 )

Income tax provision (benefit)

728

343

367

(3,410 )

(63 )

Certain corporate allocation expenses(2)

13,825

35,936

35,923

Adjusted EBITDA

19,136

37,747

41,396

4,056

31,009

Adjusted EBITDA

19,136

37,747

41,396

4,056

31,009

Divide:

Revenue

1,481,714

1,573,867

1,683,120

1,501,733

1,483,785

Adjusted EBITDA Margin

1.3 %

2.4 %

2.5 %

0.3 %

2.1 %

(1) Certain

litigation expenses consist of legal expenses and related fees for specific proceedings that

we have determined arise outside of the ordinary course of business and do not consider representative

of our underlying operating performance. For the periods presented, the adjustment included

expenses attributable to antitrust and data privacy litigation. Certain transaction expenses

consist of professional advisor costs related to the business combination with Hulu + Live

TV.

(2) Certain

corporate allocation expenses consist of expenses related to allocations of Hulu and Disney’s

corporate executive functions and other services previously provided by Hulu and Disney to

the Hulu Live Business. As many of these corporate functions are redundant to those already

existing at FuboTV, FuboTV expects to incur limited additional costs to operate as a combined

public company that are not based on the commercial arrangements effective as of the Closing

Date.

# #

Contacts

Investor

Contacts:

Ameet

Padte, FuboTV

ameet@fubo.tv

Tanner

Kaufman / Heather Wilson, FTI Consulting

tanner.kaufman@fticonsulting.com

/ heather.wilson@fticonsulting.com

Media

Contacts:

Jennifer

L. Press, FuboTV

jpress@fubo.tv

Bianca

Illion, FuboTV

billion@fubo.tv

EX-99.2

Filename: ex99-2.htm · Sequence: 3

Exhibit 99.2

FOR IMMEDIATE RELEASE

FUBOTV

DELIVERS $1.48 BILLION GLOBAL REVENUE IN Q3 FY 2026, RECORD Q3 NORTH AMERICA SUBSCRIBERS

NEW

YORK – AUGUST 5, 2026 – FuboTV Inc. (NYSE: FUBO) today announced its financial results for its third quarter fiscal 2026

ended June 30, 2026.

Fiscal 2026 Highlights1

Global

Results

● Revenue

of $1.482 billion, compared to $1.074 billion in Q3 fiscal 2025.

○ Compared

to Q3 fiscal 2025 Pro Forma Revenue of $1.484 billion.

● Net

Loss of $25.7 million, compared to a Net Loss of $38.0 million in Q3 fiscal 2025.

○ Compared

to Q3 fiscal 2025 Pro Forma Net Loss of $72.0 million.

● Adjusted

EBITDA2 of $19.1 million, compared to Pro Forma Adjusted EBITDA2 of $31.0 million in Q3 fiscal 2025.

● Cash

Position: FuboTV ended the quarter with $236.4 million in cash, cash equivalents and

restricted cash on hand.

● Earnings

Per Share (“EPS”) loss of $0.25.

North

America (“NA”) Results

● Revenue

of $1.474 billion, compared to Q3 fiscal 2025 Revenue of $1.074 billion.

○ Compared

to Q3 fiscal 2025 Pro Forma Revenue of $1.475 billion.

● Total

NA Paid Subscribers of 5.75 million, compared to 5.63 million in Q3 fiscal 2025, representing

growth of 2% on a year-over-year (YoY) basis.

To facilitate comparability between periods, the following presents FuboTV’s Q3 fiscal 2026 results compared to FuboTV’s

results for the corresponding three month period ended June 30, 2025 (“Q3 fiscal 2025”) on an as-reported basis and pro forma

basis, which gives effect to the Company’s business combination with Hulu + Live TV as if it had been completed at the beginning

of the first period presented.

Adjusted EBITDA and Pro Forma Adjusted EBITDA are non-GAAP financial measures. For a reconciliation of these measures to the most directly

comparable U.S. GAAP financial measures, Net Income (Loss) and Pro Forma Net Income (Loss) (prepared in accordance with Article 11 of

Regulation S-X), respectively, for historical periods, please refer to the “Reconciliation of Key Performance Metrics and Non-GAAP

Financial Measures” section of this press release. See “Basis of Presentation” and “Key Performance Metrics and

Non-GAAP Financial Measures” for more information.”

Rest

of World (“ROW”) Results

● Revenue

of $7.8 million compared to Q3 fiscal 2025 Pro Forma Revenue of $8.6 million

● Total

ROW Paid Subscribers of 356,000, compared to 349,000 in Q3 fiscal 2025.

Guidance

and Long-Term Financial Targets

● Revised

Fiscal 2026 Pro Forma Adjusted EBITDA3 guidance to $90-$100 million (compared

to $80-$100 million previously).

● Reaffirmed

Fiscal 2028 Adjusted EBITDA3 target of at least $300 million.

● Positive

Free Cash Flow3 remains expected in Fiscal 2027 and Fiscal 2028 under the current

operating plan.

● Reaffirmed

Fiscal 2026 ending cash, cash equivalents and restricted cash guidance of at least $200 million.

Message

from FuboTV CEO Alisa Bowen

“Since

my appointment in July, my confidence in FuboTV’s differentiation and unique growth prospects has only continued to build. Our

third quarter performance demonstrated strong subscriber acquisition, underpinned by our unparalleled ability to provide a compelling

viewing experience to fans during high-profile sports events like the NBA Finals and the FIFA World Cup 2026™ with flexible programming

packages and innovative user experiences. We also saw strength in our advertising business, with encouraging improvements in advertising

capacity utilization and CPMs since completing our integration with Disney Advertising. As we look to build on this momentum, my focus

is on accelerating the growth of FuboTV, by refining and expanding our packaging options, broadening our distribution and investing in

user experience innovation that enhances flexibility, choice and value for the consumer. I am working closely with our FuboTV team, Disney

leadership and all our valued partners to evolve our strategy and, in the months ahead, I look forward to sharing more

details on our plans to drive shareholder value.”

Shareholder

Letter

Complete

Q3 fiscal 2026 results are detailed in FuboTV’s shareholder letter available on the Company’s Investor Relations website

and included as an exhibit in the Current Report on Form 8-K furnished with the SEC on August 5, 2026.

Free Cash Flow is a non-GAAP financial measure. The Company is not providing a reconciliation of forward-looking Pro Forma Adjusted EBITDA,

Adjusted EBITDA or Free Cash Flow to the most directly comparable U.S. GAAP measures, Pro Forma Net income (Loss) (prepared in accordance

with Article 11 of Regulation S-X), Net Income (Loss) and net cash provided by (used in) operating activities, respectively, because

the Company does not currently have sufficient information to accurately estimate all of the variables and individual adjustments for

such reconciliation. As such, the Company cannot estimate on a forward-looking basis without unreasonable effort the impact these variables

and individual adjustments will have on its reported results. See also “Basis of Presentation” and “Key Performance

Metrics and Non-GAAP Financial Measures.”

Live

Webcast

Bowen

and CFO John Janedis will host a conference call today at 9:30 a.m. ET to deliver remarks on the quarter followed by a question-and-answer

session. The live webcast will be available on the Events & Presentations page of FuboTV’s Investor Relations website. An archived

replay of the webcast will be available on FuboTV’s website shortly after the conclusion of the call. Participants should join

the call at least 10 minutes before to ensure that they are connected prior to the event.

About

FuboTV Inc.

FuboTV

Inc. (NYSE: FUBO) is a consumer-first live TV streaming company with the mission of delivering premium sports, news and entertainment

programming through a best-in-class user experience that offers greater choice, flexibility and value. The sixth largest Pay TV company

and the second largest vMVPD in the U.S. (UBS estimates) and ranked among Fast Company’s Most Innovative Companies (2026)

and the Financial Times’ The Americas’ Fastest-Growing Companies (2026, 2025), FuboTV Inc. owns Hulu + Live TV (entertainment),

Fubo (sports) and Molotov (entertainment and sports), which stream in markets around the globe. FuboTV Inc. is an affiliate of The Walt

Disney Company.

Learn

more at https://fubo.tv

Basis

of Presentation

October 29, 2025 (the “Closing Date”), FuboTV Inc. (the “Company” or “FuboTV”)4, The

Walt Disney Company (“Disney”) and Hulu, LLC (“Hulu”) consummated the transactions contemplated by the Business

Combination Agreement, dated as of January 6, 2025, by and among FuboTV, Disney and Hulu, pursuant to which the parties combined FuboTV’s

existing business with Disney’s Hulu + Live TV business (the “Hulu Live Business” and, such transactions, collectively,

the “Business Combination”).