FuboTV (NYSE:FUBO) shares are up on Monday after the company disclosed adjusted EBITDA outlook for FY26 and FY28.
The stock’s rise comes as the broader market is experiencing mixed performance, with the Nasdaq gaining slightly while other indices show little movement.
Guidance
The company expects adjusted EBITDA of $80 million – $100 million in the fiscal year 2026 and at least $300 million in fiscal year 2028 (FY28), implying over 80% CAGR growth.
Also, FuboTV projects positive free cash flow in the fiscal year 2027 and FY28 under the current operating plan. The company anticipates ending the fiscal year 2026 with at least $200 million in cash.
It expects sufficient liquidity to fund operations and growth without additional financing through 2028, with a path to a net cash position by then.
The company’s debt stands at about $323 million with no maturities until 2029.
Notably, the sports-first live TV streaming platform company reported a net loss of $178 million and adjusted EBITDA of $59 million in 2025.
Recent Earnings Snapshot
In February, FuboTV reported fourth quarter FY26 revenue increase of 40% year-over-year (Y/Y) to $1.549 billion, topping the analyst consensus estimate of $1.096 billion.
Pro Forma revenue (giving effect to Fubo’s combination with Walt Disney Company’s (NYSE: DIS) Hulu + Live TV business) of $1.683 billion, compared to $1.588 billion Y/Y.
FuboTV reported a loss of 2 cents per share, missing Wall Street’s estimate of a 1-cent loss.
Also, the company announced its plan for a reverse stock split of its Class A and Class B common stock, with an exchange ratio ranging from one-for-eight to one-for-twelve. The final ratio will be determined by Fubo’s Board of Directors.
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $35.86. Recent analyst moves include:
- Citizens: Initiated with Market Outperform (Target $13.00) (March 30)
- B. Riley Securities: Initiated with Buy (Target $18.00) (March 27)
- Needham: Buy (Lowers Target to $15.00) (March 27)
Technical Analysis
The broader market is experiencing mixed results, with the Nasdaq up 0.33% and the S&P 500 gaining 0.13%. FuboTV’s increase in share price aligns with the positive sentiment in the Communication Services sector, which is also seeing gains today.
At $11.45, FuboTV is trading above its 20-day simple moving average (SMA) and 100-day SMA, suggesting a bullish short-term trend. The stock is currently 17.20% above its 52-week low of 8.31, indicating some recovery from previous lows.
The stock’s 12-month performance shows a decline of 64.86%, reflecting challenges over the past year. This long-term trend suggests that while there may be short-term gains, the stock has struggled significantly in the past year.
- Key Resistance: $12.00 — A level where selling pressure may emerge.
- Key Support: $10.50 — A potential area for buyers to step in.
FUBO Price Action: FuboTV shares were up 25.56% at $12.26 at the time of publication on Monday, according to Benzinga Pro data.
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