FuboTV (FUBO) is finally back on traders' radars after the company announced some ambitious profit generation goals. According to guidance, management sees the company generating between $80 million and $100 million in pro forma adjusted EBITDA in fiscal 2026 — and at least $300 million in fiscal 2028. Moreover, FuboTV hopes to achieve positive free cash flow in fiscal 2027, and to finish fiscal 2026 with at least $200 million in cash.
Such ambitions definitely impressed the market, with FUBO stock rallying. The reaction can be explained by the fact that, for quite a long period, the story behind FUBO stock has been very simple: while the product was impressive, the economic logic behind it did not work well. Today, however, with the help of the Hulu + Live TV merger, investors can talk about much better economic dynamics.
