FuboTV Stock Defies Gravity: Here’s Why It Clawed Back a Win Today

Streaming underdog FuboTV just pulled off a rare feat—a green day in a blood-red market. While legacy media stocks flail, this niche player is quietly rewriting the rules.

The secret sauce? Sports, shorts, and sheer stubbornness.

Wall Street's algo-traders missed the memo: Live sports still print money. Fubo's razor-focused betting integration—plus that sweet, sweet short squeeze—sent bears scrambling for cover.

Don't call it a comeback (yet).

One analyst muttered about 'retail traders treating stocks like lottery tickets'—but when the house always wins, sometimes the little guy gets a scratch-off victory. For today at least, the streamer outmaneuvered Netflix's zombie content factory and Disney's identity crisis.

Final thought: In a market where 'fundamentals' is just a funny word hedge funds use before dumping bags, Fubo's survival is either a miracle—or proof we're all trapped in a financial simulation.

Guidance was likely modest, it turns out

For that period, FuboTV is expecting to post more than $365 million in revenue from its native North American market. Happily, that's some distance higher than the $345 million the company previously offered in guidance. It's also well above the sub-$354 million collectively estimated by analysts tracking the stock.

Image source: Getty Images.

That's due to an anticipated better-than-expected paid subscriber count, which FuboTV is estimating will amount to over 1.35 million in total for the quarter. Management's preceding guidance was 1.24 million.

The dynamic is similar in the rest of the world, where all told, second-quarter revenue is forecast at more than $8.5 million, following guidance of only $7 million. Paid subscribers should amount to over 340,000 (guidance: 330,000).

That was the good news; the slightly less good news is that FuboTV is expecting to post a headline net loss. It anticipates losing $8 million in the second quarter, which at least WOULD be an improvement over the more than $25 million deficit in the same period of 2024.

Bottom-line blues

FuboTV's official results for the quarter are scheduled for publication on Friday, Aug. 8, before market open. The better-than-expected preliminary results are certainly encouraging, but weighing on the company is that predicted net loss -- which, if realized, will hardly be its first quarterly bottom-line deficit.