Fubo Sees Record North American Subs in Q3

In Q3, Fubo reported 1.631 million paid subscribers in North America, up 1.1 percent year-over-year, the highest result for a third quarter in the company’s history.

Despite the rise in subscribers, Fubo’s North America streaming business delivered a 2.3 percent year-over-year loss in revenues at $368.6 million.

In the rest of the world, Fubo delivered $8.6 million in total revenues, down 3.2 percent year-over-year, and 342,000 paid subscribers, down 9.5 percent year-over-year.

The adjusted EBITDA was $6.9 million, a $34.5 million improvement when compared to the third quarter of 2024. This marks Fubo’s second consecutive quarter of positive adjusted EBITDA.

Fubo ended Q3 with $280.3 million in cash, cash equivalents and restricted cash on hand.

“Fubo’s third quarter 2025 results reflect the strength of our execution and the growing demand for flexible, fan-first streaming,” said David Gandler, co-founder and CEO of Fubo. “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.”