FuboTV Q1 2026 Pro Forma EBITDA Reaches $41.4M After Hulu Merger

FuboTV (FUBO) reported a pro forma adjusted EBITDA of $41.4 million in Q1 2026, nearly doubling from $22 million year-over-year, post-merger with Hulu. The company has 6.2 million North America subscribers, making it the sixth-largest Pay TV service in the U.S. B. Riley initiated coverage with a Buy rating and a price target of $18, suggesting an 86% upside from the current price of $9.66. The firm argues that the stock's 80% decline since January 2025 is excessive and expects synergies from the Disney merger to lead to further EBITDA expansion. FuboTV shares have fallen nearly 74% in the past year and over 69% year-to-date.