FuboTV Inc., the live TV streaming service, has reported a combined subscriber base of 6.2 million in North America for its first fiscal quarter of 2026, following the completion of its business combination with Hulu + Live TV. This figure represents the integrated user numbers from both Fubo’s sports-centric platform and Hulu’s entertainment-focused live TV offering, marking a key milestone in the company’s expansion strategy.
It is important to note that Fubo declined to break out how many subscribers Hulu + Live TV has and how many Fubo has on its own, and only combined them into a single number.
The 6.2 million North American subscribers at the end of the quarter ending December 31, 2025, show a slight increase from the 6.0 million reported in the prior quarter but a modest decline from the 6.3 million recorded a year earlier. This fluctuation reflects seasonal trends in the streaming industry, where subscriber numbers often vary due to factors like sports seasons and content availability. Despite the year-over-year dip, the combined platform has positioned Fubo as one of the larger players in the pay TV market, with a total of over 6.5 million subscribers when including its rest-of-world operations.
In North America, the subscriber count has shown variability over the past year. Starting from 6.3 million in the first quarter of fiscal 2025, it dipped to 5.9 million in the second quarter, further to 5.6 million in the third, before rebounding to 6.0 million in the fourth quarter of 2025. The uptick to 6.2 million in the latest quarter underscores the positive impact of the Hulu + Live TV integration, which closed on October 29, 2025. This merger brought together Fubo’s sports programming strengths with Hulu’s broader entertainment and news lineup, creating a more comprehensive service aimed at attracting a wider audience.
Outside North America, Fubo’s rest-of-world subscribers stood at 335,000, down from 362,000 a year ago. This segment, which includes operations like Molotov in international markets, contributes a smaller portion to the overall business but highlights the company’s global ambitions. The decline in international subscribers may be attributed to competitive pressures in those regions, where local streaming services and traditional cable providers remain dominant.
The business combination with Hulu + Live TV has been a transformative step for Fubo, effectively doubling its scale overnight. Prior to the deal, Fubo operated as a niche sports streamer, while Hulu + Live TV catered to a more general audience seeking live news, entertainment, and some sports. The merged entity now offers a unified platform with enhanced content options, including pay-per-view events and expanded news channels like C-SPAN. This integration has allowed Fubo to leverage Hulu’s established user base, contributing significantly to the 6.2 million North American figure.
Financially, the subscriber numbers align with robust revenue growth. Reported global revenue reached $1.549 billion, a 40% increase year-over-year, while pro forma revenue, which accounts for the combination as if it occurred earlier, was $1.683 billion, up 6%. In North America specifically, pro forma revenue hit $1.675 billion. These metrics suggest that the larger subscriber base is translating into higher monetization, particularly through advertising, which generated $123.5 million on a pro forma basis.
Looking ahead, Fubo is focusing on subscriber growth through strategic partnerships and product enhancements. A notable development is the planned reseller and marketing arrangement with ESPN, which could expose Fubo to ESPN’s vast audience of sports fans. This deal aims to lower customer acquisition costs by integrating Fubo Sports into ESPN’s digital commerce platforms. Additionally, the company is migrating its ad tech to Disney’s system, potentially boosting ad yields and supporting further subscriber retention.
The subscriber resilience was evident even amid content changes. In late November 2025, Fubo removed programming from NBCUniversal and certain other providers, offering affected users price reductions. The impact on churn was lower than anticipated, indicating that the sports-first proposition of Fubo, combined with Hulu’s entertainment depth, provides sufficient value to keep users engaged. Many subscribers opted to supplement Fubo with other services rather than cancel, demonstrating the platform’s stickiness.
Overall, the 6.2 million North American subscribers represent a solid number for Fubo’s goal of rivaling larger incumbents in the streaming space. With a cash position of $458.6 million and positive pro forma adjusted EBITDA of $41.4 million, the company is well-equipped to invest in innovations like advanced packaging and technology upgrades. As the integration progresses, Fubo anticipates further subscriber gains, particularly in a market where cord-cutting continues to drive demand for flexible live TV options.
This quarter’s results highlight the synergies from the Hulu + Live TV combination, setting the stage for accelerated scaling in 2026. Investors will watch closely for updates on subscriber trends in upcoming quarters, especially as new partnerships like the ESPN arrangement take effect.
Please add Cord Cutters News as a source for your Google News feed HERE. Please follow us on Facebook and X for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.