Assessing fuboTV (FUBO) Valuation After Weak Q3 Trends and Hulu + Live Merger Uncertainty

Fresh off its Q3 2025 update, fuboTV (FUBO) is back in the spotlight as investors digest falling revenue, weaker ad trends, and lingering cash burn, all against the backdrop of the looming Hulu + Live merger.

See our latest analysis for fuboTV.

Despite the tough Q3 print and uncertainty around the Hulu + Live merger, fuboTV’s $2.90 share price still reflects a strong year to date, with a 105.67 percent year to date share price return and a 62.92 percent one year total shareholder return. However, the recent 30 day share price return of negative 21.20 percent suggests momentum is fading as investors reassess execution risk and long term profitability.

If this kind of volatility has you looking beyond a single turnaround story, it might be worth exploring fast growing stocks with high insider ownership as a way to uncover other high conviction ideas.

With the stock still trading at a steep discount to analyst targets despite years of value destruction, investors now face a key question: Is fuboTV a mispriced turnaround story, or is the market correctly discounting its future growth?

Most Popular Narrative Narrative: 36% Undervalued

With fuboTV last closing at $2.90 against a narrative fair value of $4.50, the story leans toward upside if its growth path plays out.

Launch of Fubo Sports, a more affordable, sports-focused skinny bundle, and pay-per-view offerings are expected to tap into the broader shift from traditional cable TV to streaming, potentially expanding Fubo's total addressable market and supporting future subscriber growth and revenue.

Read the complete narrative.

Curious how a modest top line growth outlook, rising margins, and a lower future earnings multiple can still justify a richer price tag than today? The narrative walks through a detailed earnings roadmap built on expanding sports bundles, improving profitability, and disciplined discounting assumptions. Want to see which projections have to land almost perfectly for that valuation to hold up?

Result: Fair Value of $4.50 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, ongoing subscriber losses and unresolved cash burn could derail Fubo’s margin story and force harsher cost cuts or fresh dilution to stay afloat.

Find out about the key risks to this fuboTV narrative.

Build Your Own fuboTV Narrative

If you see the setup differently or simply want to dig into the numbers yourself, you can spin up a custom narrative in just a few minutes: Do it your way.

A great starting point for your fuboTV research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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