AcquisitionsMay 6, 2026, 04:18 PM
FuboTV Completes Hulu Live Business Combination; Q1 Net Loss $(2.1)M
AI Summary
FuboTV Inc. completed its Business Combination with the Hulu Live Business on October 29, 2025, with Hulu holding a 70% economic and voting interest in the combined entity, Newco. The company reported total revenues of $1,573.9 million for the three months ended March 31, 2026, and a net loss attributable to common shareholders of $(2.1) million, or $(0.07) per share. Additionally, FuboTV Inc. effected a 1-for-12 reverse stock split on March 23, 2026, and changed its fiscal year end to September 30.
Key Highlights
- Completed Business Combination with Hulu Live Business on October 29, 2025.
- Hulu holds 70% economic and voting interest in Newco; FuboTV Inc. holds 30%.
- Q1 2026 total revenues reached $1,573.9 million.
- Q1 2026 net loss attributable to common shareholders was $(2.1) million.
- Q1 2026 basic and diluted net loss per share was $(0.07).
- Effected a 1-for-12 reverse stock split on March 23, 2026.
- Cash and cash equivalents stood at $237.8 million as of March 31, 2026.
- Goodwill increased to $2.61 billion from $1.30 billion due to the combination.