Slide 1: Letter to Fellow Shareholders
May 6, 2026 Fellow Shareholders: The second quarter of the 2026 fiscal year marked an important milestone as the first full quarter of our combined Fubo and Hulu + Live TV business following the successful close of the transaction. We are excited to share the progress we have made in content por
Slide 2: Near-term focus: ESPN reach and MLB rights
3 In the near term, we are focused on expanding the reach of Fubo via ESPN.com’s “Where to Watch” pages, which is expected to launch soon. In addition, our previously announced integration of Fubo Sports into the ESPN commerce flow is targeted to launch in the first half of 2027. We believe these in
Slide 3: Q2 Fiscal 2026 Highlights
To facilitate comparability between periods, the following presents Fubo’s Q2 fiscal 2026 results compared to Fubo’s results for the corresponding three month period ended March 31, 2025 (“Q2 fiscal 2025”) on an as-reported basis and pro forma basis, which gives effect to the Company’s business comb
Slide 4: Guidance and Long-Term Financial Targets
Revenue $- $- $- $5.8 $8.3 Pro Forma Revenue $8.3 $8.6 $8.6 $8.6 Total Subscribers 0.354 0.349 0.342 0.335 0.328 Guidance and Long-Term Financial Targets ● Fiscal 2026 Pro Forma Adjusted EBITDA2 guidance of $80-$100 million ● Fiscal 2028 Adjusted EBITDA2 target of at least $300 million ● Positive
Slide 5: Product Innovation and Content Distribution
● Advanced Team Channels: We have enhanced our existing Team Channels (bite-sized game coverage and news) by offering league-based filters and more key sports moments. ● AI-Driven Vertical Mode: Leveraging proprietary AI models, the app now automatically zooms into critical areas of the video to p
Slide 6: Hulu + Live TV Español and Fubo Sports Network
In January, Hulu + Live TV expanded its live television offerings with a dedicated Spanish-language plan featuring a lineup of entertainment, news and sports programming. The Español plan is priced competitively at $29.99/month and includes access to both the Disney+ and Hulu streaming libraries (wi
Slide 7: About Fubo and Forward-Looking Statements
experience that offers greater choice, flexibility and value. The sixth largest Pay TV company in the U.S. (UBS estimates) and ranked among Fast Company’s Most Innovative Companies (2026) and the Financial Times’ The Americas’ Fastest-Growing Companies (2026, 2025), FuboTV Inc. owns Hulu + Live TV (
Slide 8: Condensed Consolidated Statements of Operations and Comprehensive Loss
FuboTV Inc. Condensed Consolidated Statements of Operations and Comprehensive Loss (in thousands, except share and per share amounts) For the Three Months Ended March 31, March 29, 2026 2025 Unaudited Unaudited Revenues Subscription $ 347,015 $- Related party 1,121,449 1,122,670 Advertising 101,568
Slide 9: Net loss per share and stock-based compensation
Foreign currency translation adjustment (18) - Comprehensive loss attributable to common shareholders $ (2,119) $ (40,914) Net loss per share - basic and diluted $ (0.07) $- Weighted average shares outstanding: Basic and diluted 30,715,279 - Stock-based compensation was allocated as follows: Subscri
Slide 10: Condensed Consolidated Balance Sheets
FuboTV Inc. Condensed Consolidated Balance Sheets (in thousands) March 31, September 27, 2026 2025 Unaudited Unaudited ASSETS Current assets Cash and cash equivalents $ 237,813 $- Accounts receivable, net 87,660 6,655 Accounts receivable, net - related party 521,742 - Prepaid and other current asset
Slide 11: Commitments, Contingencies and Shareholders' Equity
COMMITMENTS AND CONTINGENCIES (Note 13) Redeemable non-controlling interest 1,843,003 - Shareholders' equity: Preferred Stock par value $0.0001: 50,000,000 shares and 0 shares authorized at March 31, 2026 and September 27, 2025, respectively; 0 shares issued and outstanding at March 31, 2026 and Sep
Slide 12: Condensed Consolidated Statements of Cash Flows
FuboTV Inc. Condensed Consolidated Statements of Cash Flows (in thousands) For the Six Months Ended March 31, March 29, 2026 2025 Unaudited Unaudited Cash flows from operating activities Net loss $ (25,270) $ (79,501) Adjustments to reconcile net income (loss) to net cash provided by (used in) opera
Slide 13: Cash Flows from Financing Activities
Net cash provided by financing activities 394,629 90,043 Net increase in cash, cash equivalents and restricted cash 243,959 - Cash, cash equivalents and restricted cash at beginning of period - - Cash, cash equivalents and restricted cash at end of period $ 243,959 $- Supplemental disclosure of cash
Slide 14: Basis of Presentation
Basis of Presentation On October 29, 2025 (the “Closing Date”), FuboTV Inc. (the “Company” or “Fubo”), The Walt Disney Company (“Disney”) and Hulu, LLC (“Hulu”) consummated the transactions contemplated by the Business Combination Agreement, dated as of January 6, 2025, by and among Fubo, Disney and
Slide 15: Key Performance Metrics Definitions
this metric. We believe the number of total paid subscribers is a useful metric for gauging the size of our user base following the business combination with Hulu + Live TV. For comparative purposes, Total Subscribers for periods ended prior to the Closing Date gives effect to the Business Combinati
Slide 16: Reconciliation of Key Performance Metrics and Non-GAAP Financial Measures
Reconciliation of Key Performance Metrics and Non-GAAP Financial Measures Certain measures used in this letter, including Adjusted EBITDA, Pro Forma Adjusted EBITDA, Adjusted EBITDA Margin, Pro Forma Adjusted EBITDA Margin and Free Cash Flow, are non-GAAP financial measures. We believe these are us
Slide 17: Reconciliation of Net Income (Loss) to Adjusted EBITDA
FuboTV Inc. Reconciliation of Net Income (Loss) and Pro Forma Net Income (Loss) to Non-GAAP Adjusted EBITDA and Pro Forma Non-GAAP Adjusted EBITDA (in thousands) Three Months Ended March 31, December 31, September 27, June 28, March 29, 2026 2025 2025 2025 2025 As-Reported Pro Forma Pro Forma Pro Fo
Slide 18: Contacts
### Contacts Investor Contacts: Ameet Padte, Fubo ameet@fubo.tv Media Contacts: Jennifer L. Press, Fubo jpress@fubo.tv Bianca Illion, Fubo billion@fubo.tv 18