Fubo TV, Inc. (NYSE: FUBO) has announced the results for the second quarter of 2025, with a strong performance in both North America and the rest of the world. In North America, the company delivered total revenue of $371.3 million and 1.36 million paid subscribers, exceeding guidance on both metrics. In the rest of the world, Fubo TV delivered total revenue of $8.7 million and 349,000 paid subscribers, also exceeding guidance.
In addition to the top-line outperformance, the company reported a net loss of $8.0 million and adjusted EBITDA of $20.7 million, marking its first-ever quarter of positive adjusted EBITDA. This represents a significant milestone for Fubo TV, highlighting the favorable financial results driven by the company's discipline.
Looking at the financials, the global revenue for the second quarter of 2025 was $380.0 million, showing a 2.8% decrease compared to the same period last year. Total operating expenses decreased by 9.5% year-over-year to $386.0 million. The net loss from continuing operations in the second quarter was $8.0 million, a significant improvement from the net loss of $25.8 million in the second quarter of 2024. Adjusted EBITDA for the same period was $20.7 million, showing a substantial improvement from the adjusted EBITDA loss of $11.0 million in the second quarter of 2024.
In terms of subscribers, North America saw a decrease of 6.5% year-over-year, with 1.36 million subscribers in the second quarter of 2025. Revenue in North America also saw a decline of 3.0% year-over-year, amounting to $371.3 million in the second quarter of 2025.
In the rest of the world, the subscriber base decreased by 12.5% year-over-year, with 349,000 subscribers in the second quarter of 2025. Revenue from the rest of the world increased by 4.7% year-over-year to $8.7 million in the second quarter of 2025.
Fubo TV's CEO, David Gandler, and Executive Chairman, Edgar Bronfman Jr., expressed their dedication to providing consumers with a variety of content options at reasonable prices. The company highlighted the launch of Fubo Sports and the introduction of new pay-per-view options, allowing both subscribers and non-subscribers to purchase live events.
Furthermore, Fubo TV emphasized its commitment to innovation in product and technology, introducing personalized features such as catch up to live, game highlights, and timeline markers, to enhance the user experience.
The company's North America advertising revenue for the second quarter of 2025 was $25.5 million, representing a 2% decline year-over-year. Fubo TV also expanded its ad offerings by launching pause ads in a programmatic biddable environment and introducing the women’s sports zone, driving seven figures of ad revenue.
The market has reacted to these announcements by moving the company's shares -1.07% to a price of $3.70. Check out the company's full 8-K submission here.
