Fubo ends third quarter with record-breaking North American subs
Fubo ends third quarter with record-breaking North American subs
The live TV streamer also continued to narrow its losses and trend toward profitability in the quarter.
The third quarter of any given year is usually a kind one for live TV streaming services that carry channels with college and professional football games, which start during the quarter. That was very much the case for Fubo in the third quarter of 2025; the streamer posted its Q3 earnings results on Monday, and the data showed that the streamer performed well in both financial metrics and subscriber acquisition.
Key Details:
- Breaking records:Fubo ended the third quarter with 1.63 million North American subscribers, its largest Q3 number ever.
- Net loss narrowing: Net losses for Fubo were $18.9 million in Q3, down from $54 million in the year-ago quarter.
- Still working hard: Fubo is moving toward its merger with Hulu + Live TV.
Fubo announced on Monday that it ended the third quarter of 2025 with 1.63 million paid subscribers in North America, representing a 1.1% year-over-year increase. That’s good for the highest number of North American subscribers in a third quarter in the company’s history, and bodes well for a fourth quarter, which will also likely see strong subscriber data. In the rest of the world, Fubo had 342,000 subscribers, a 9.5% decrease over the same period in 2024. The 1.63 million figure means that Fubo added nearly 300,000 subscribers since Q2 in North America.
Turning to financial data, Fubo had a net loss of $18.9 million, down from $54.7 million in the year-ago quarter. Total revenue was $368.6 million, a decrease of 2.3% YoY. Adjusted EBITDA was $6.9 million in the quarter, an improvement of $34.6 million as compared to the same quarter in 2024.
The financial data indicates that Fubo, while still not regularly profitable on a quarter-to-quarter basis, is still trending in the right direction.
“Fubo’s third quarter 2025 results reflect the strength of our execution and the growing demand for flexible, fan-first streaming,” Fubo CEO David Gandler said. “We delivered record third quarter subscriber growth in North America and our second consecutive quarter of positive Adjusted EBITDA—clear proof our model is working. New offerings like our Fubo Sports skinny service and Pay-Per-View platform are giving consumers more choice and control than ever. And, as we combine with the Hulu + Live TV business, we’re poised to create a next-gen Pay TV company - built for scale, personalization, and profitability. We’re energized by what’s ahead and remain focused on delivering value for viewers, shareholders, and our programming partners.”
As mentioned by Gandler, Fubo is still moving ahead with its plans to be merged with Hulu + Live TV by next year. The two streamers have already combined their business sides, and while regulatory approval is still outstanding, many of the steps needed to achieve the merger on the shareholder side of the equation have already been taken.
The third quarter also saw the launch of Fubo Sports, a new offering that cuts out entertainment channels and goes with a smaller package of news and sports networks for $56 per month. Fubo Sports is available to subscribers in North America now, alongside larger Fubo channel plans.
Fubo
Fubo is a live TV streaming service offering a robust lineup of approximately 150 premier channels, with plans starting at $63.99 per month. This entry-level package provides access to local broadcast affiliates 18 of the leading 35 cable channels channels, and valuable regional sports networks (RSNs).