Why fuboTV Stock Exploded 50% Today – The Real Story Behind Wednesday’s Rally

Streaming wars get bloody as fuboTV pulls a rabbit out of its hat.

Wall Street's latest flavor of the week saw its shares surge like a meme stock from 2021—because nothing says 'sustainable growth' like a single-day price explosion. The streaming underdog somehow dodged the cord-cutting avalanche that's crushed its rivals.

Behind the surge: A perfect storm of short-covering, speculative frenzy, and maybe—just maybe—a whiff of actual fundamental improvement. The usual suspects piled in: retail traders chasing momentum, algos sniffing volatility, and that one hedge fund intern who accidentally bought instead of sold.

Let's be real—this is the same market that thought WeWork was worth $47 billion. fuboTV's rally says more about broken price discovery than streaming economics. But hey, enjoy the ride while it lasts.

Image source: Getty Images.

Significant upside ahead?

Wedbush analyst Dan Ives issued a positive note to fuboTV investors, maintaining his outperform (buy) rating on the stock and raising his price target to $6, up from $5. For those keeping score at home, that represents potential gains for investors of 69%, compared to Tuesday's closing price. The analyst cited the company's preliminary results as encouraging and noted that management's guidance was conservative.

fuboTV released its preliminary results on Tuesday, and while the declines continued, the company showed progress. Revenue is expected to come in at about $373.5 million, which WOULD represent a decline of 4.5% year over year, but the results were much better than management's previous guidance, which called for revenue of $352 million.

Subscriber numbers were also better than expected. Total subscribers are expected to clock in at 1.69 million, up from fuboTV's previous forecast of 1.57 million.

The company also reported that its expected net loss of $8 million improved dramatically, compared to a loss of $18 million in the prior-year quarter.

Reason for hope?

fuboTV has mounted a remarkable comeback so far this year. After plunging 60% in 2024, the stock has skyrocketed 240% in 2025 (as of this writing), and the company continues to make progress toward its goal of returning to year-over-year growth. It's expected to begin offering "skinny bundles" later this year, which is expected to reignite subscriber growth.

At 21 times trailing-12-month earnings, fuboTV stock is still reasonably priced, particularly for investors who are willing to take on a little risk for the potential of additional upside.