Question · Q1 2026
Brent Pinter asked about Fubo's investment priorities for subscriber growth post-merger, contrasting it with the standalone company's focus on free cash flow, and how the merger enhances investment capabilities. He also requested quantification of any benefits from the Disney YouTube TV blackout during the quarter.
Answer
CEO David Gandler highlighted three consecutive quarters of profitability and a strong balance sheet, enabling investment in growth through efficient marketing channels within the Disney ecosystem without significantly impacting cost structure. He noted reduced marketing spend in Q4 2025 while maintaining solid Fubo numbers. CFO John Janedis stated that the impact from the YouTube TV blackout with Disney was immaterial and reiterated that free cash flow generation should be an output of investments, pointing to significant improvements in debt and Adjusted EBITDA over the past two years.
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