AI Earnings Predictions for fuboTV Inc. (FUBO)

EX-99.1

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EX-99.1

Exhibit 99.1

August 5, 2026

Fellow Shareholders:

I 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.

1 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.

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In 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

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Exhibit 99.1

May 6, 2026

Fellow Shareholders:

The second quarter of the 2026 fiscal year marked an important milestone as the first full quarter of our combined Fubo and Hulu + Live TV business following the successful close of the transaction. We are excited to share the progress we have made in content portfolio expansion, product depth, and distribution and growth, underlying our strong financial performance in the quarter.

We delivered North America revenue of $1.57 billion and total subscribers of 5.7 million. From a profitability standpoint, we delivered a Net Loss of $6.2 million and Adjusted EBITDA1 of $37.7 million for the quarter, compared to Pro Forma Net Loss of $40.9 million and Pro Forma Adjusted EBITDA1 of $1.4 million in the prior year period, reflecting operating leverage in the business.

These results reinforce our confidence in our recently announced guidance and long-term financial targets, including our Fiscal 2026 Pro Forma Adjusted EBITDA2 outlook of $80 million to $100 million and Adjusted EBITDA2 reaching at least $300 million by Fiscal 2028. We remain on track to deliver positive Free Cash Flow2 in Fiscal 2027, supported by a liquidity position that we expect will fully fund our current operating plan.

At our core, Fubo is committed to delivering the right product for every consumer along the demand curve at compelling price points. Following the business combination, we are making progress on our plans to launch multiple new integrations, leveraging the content portfolios of Fubo and Hulu + Live TV. Our flexible portfolio now spans a range of offerings designed to meet diverse viewer preferences, including Fubo Sports, Fubo Pro, Hulu + Live TV, Fubo Latino, and Hulu + Live TV Español. Now, for the first time, all of these services will be marketed within a single, streamlined experience at fubo.tv/welcome, making it easier for consumers to discover and choose the product that best meets their needs.

1 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.

2 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.”

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In the near term, we are focused on expanding the reach of Fubo via ESPN.com’s “Where to Watch” pages, which is expected to launch soon. In addition, our previously announced integration of Fubo Sports into the ESPN commerce flow is targeted to launch in the first half of 2027. We believe these initiatives position our product in front of a large and highly engaged audience of sports fans, and we expect they will drive sustained subscriber, revenue and margin growth alongside other synergistic initiatives currently underway.

During the quarter, we also successfully retained essential local sports rights for the MLB season, which maintains the Fubo service’s position as a premier destination for sports fans, and accelerated product and technical innovation to deliver features designed to enhance engagement, improve discovery, and further differentiate the Fubo platform from its competitors.

Our business is performing well, and we believe we are just beginning to realize the full potential of the Fubo and Hulu + Live TV business combination. We are excited about the opportunities ahead and look forward to keeping you updated on our progress.

3 Additional taxes and fees may apply. Prices subject to change. Fubo Sports ($45.99 for the first month, then $55.99 per month); FuboTV Pro ($48.99 for the first month, then $73.99 per month); Fubo Latino ($9.99 per month for the first two months, then $14.99 per month). Current pricing available at fubo.tv/welcome

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Q2 Fiscal 2026 Highlights

To facilitate comparability between periods, the following presents Fubo’s Q2

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EX-99.1

Exhibit 99.1

FUBO

RELEASES ADJUSTED EBITDA OUTLOOK AND LONG-TERM FINANCIAL TARGETS

Co-Founder

& CEO David Gandler Issues Shareholder Letter

NEW YORK – APRIL 6, 2026 – FuboTV Inc. (NYSE: FUBO) today announced Adjusted EBITDA outlook for Fiscal 2026 and 2028 and affirmed its cash forecast.

Guidance and Long-Term Financial Targets

● Fiscal 2026 Pro Forma Adjusted EBITDA1 guidance of $80-$100 million

● Fiscal 2028 Adjusted EBITDA1 target of at least $300 million

● Positive Free Cash Flow1 expected in Fiscal 2027 and Fiscal 2028 under current operating plan

In conjunction with today’s announcement, Fubo Co-Founder and CEO David Gandler issued the below letter to shareholders:

Dear Fellow Shareholders,

FuboTV Inc. is in the strongest financial position in our history based on our current outlook. We expect to deliver between $80 and $100 million in Pro Forma Adjusted EBITDA in Fiscal 2026, and are targeting at least $300 million in Adjusted EBITDA in Fiscal 2028. We also believe we will be Free Cash Flow positive starting Fiscal 2027, if not sooner, and are projecting to end this fiscal year (YE September 2026) with at least $200 million in cash and cash equivalents.

1 Pro Forma Adjusted EBITDA, Adjusted EBITDA and Free Cash Flow are non-GAAP financial measures. For a reconciliation of these measures to the most directly comparable U.S. GAAP financial measures, Pro Forma Net income (Loss) (prepared in accordance with Article 11 of Regulation S-X), Net Income (Loss) from Continuing Operations and net cash provided by (used in) operating activities, respectively, for historical periods, please refer to the “Reconciliation of Key Performance Metrics and Non-GAAP Financial Measures” section of this press release. 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 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.”

● Generated Pro Forma Net Loss of $(178) million and Pro Forma Adjusted EBITDA of $59 million in Fiscal 2025.

● Projecting to grow Adjusted EBITDA at a compounded annual growth rate (CAGR) of more than 80% based on the midpoint of our Fiscal 2026 Pro Forma Adjusted EBITDA guidance range ($90 million) and our Fiscal 2028 Adjusted EBITDA target (at least $300 million).

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Projecting to end this fiscal year (YE September 2026) with at least $200 million in cash and cash equivalents, compared to Fubo pre-combination2 cash and cash equivalents balance of $274 million as of September 30, 2025. Note that over the 2026 fiscal year-to-date we made approximately ~$50 million in payments associated with litigation and transaction-related expenses that are not representative of Fubo’s underlying cash generation.

● Expect Fubo will be Free Cash Flow positive starting Fiscal 2027, and we do not anticipate needing additional outside financing through Fiscal 2028 based on our current operating plan.

● Based on our current operating plan, we have enough cash to fund our business - including debt obligations - and invest in our growth. We expect to be in a net cash position (cash and cash equivalents exceeding all debt) in Fiscal 2028.

● Methodically managed our debt levels while extending our maturities. Today, we have approximately $323 million in debt obligations, with no maturities until 2029. As of March, our 2029 bonds are trading close to par, which we believe reflects credit investor confidence.

Our financial stability, which we do not believe is reflected in our stock price, has continued to improve. Importantly, this is a trajectory that we expect to continue.

I am confident in the future of our business. Our financial position provides us with the flexibility to invest, to compete and to serve our customers at a higher level than at any point in our history.

The Drivers Behind Our Outlook

We believe that our share price has not yet reflected the operational progress we have made nor the intrinsic value of the combined business. I hope today’s updates help to close that gap. Fubo has a track record of disciplined execution. Prior to the combination, we improved Net Loss and Adjusted EBITDA by approximately $100 million annually for three consecutive years.

As we look ahead, we are applying that same disciplined approach to how we balance growth and profitability for the combined company. While subscriber growth remains a key long-term driver of value, we are focused on pursuing that growth in an efficient and profitable manner. In the near term, this means pri