FuboTV Inc. (NYSE:FUBO) is one of Goldman Sachs’ top penny stock picks. On February 2, FuboTV Inc. (NYSE:FUBO) delivered strong first fiscal 2026 results following a transformative business combination with Hulu + Live TV.
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The company’s revenue was up 40% year over year to $1.55 billion, as net loss shrank to $19.1 million, compared to $38.6 million in the same quarter last year. The better-than-expected results came as the company enhanced consumer choice and expanded programming flexibility by tapping into its collective strength.
“2025 marked a year of transformation for Fubo as we completed a monumental business combination with Hulu + Live TV,” said David Gandler, co-founder and CEO of Fubo. “[…]. We remain focused on our consumer promise to deliver value and choice across our flagship Fubo and Hulu + Live TV Pay TV brands.”
Meanwhile, the company plans to conduct a reverse stock split of its Class A and Class B common stock. The board has already approved the split intended to make the stock more accessible to a broader base of investors.
fuboTV Inc. is a sports-first live TV streaming company that operates as a “virtual multichannel video programming distributor” (vMVPD), essentially serving as an internet-based alternative to traditional cable TV.
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This article is originally published at Insider Monkey.
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