FuboTV Inc. (NYSE:FUBO), the streaming service provider, saw its stock price climb on Tuesday following the release of its first-quarter 2026 earnings. After a period of declines tied to investor concern, the company’s recent financial disclosure has catalyzed a partial recovery in its market valuation.
Earlier this month, FuboTV unveiled its first-quarter financial results, reporting total revenue of $1.549 billion. This figure represents a substantial 40% increase year over year and notably exceeded analysts’ predictions, which had been set at approximately $1.096 billion. Despite this revenue outperformance, the company registered a loss of 2 cents per share for the quarter, slightly deeper than the 1-cent loss expected by Wall Street.
Following that announcement, the stock endured a decline, partly driven by the company’s declaration that it would cease providing quarterly guidance going forward. In addition, FuboTV revealed intentions to implement a reverse stock split, with a proposed exchange ratio ranging between one share for eight to one for twelve shares. This potential reconfiguration of share structure has contributed to investor uncertainty.
Subscriber metrics also reflected a minor decrease, with the combined FuboTV and Hulu + Live TV subscriber base totaling 6.2 million in North America at the quarter’s end. This count is slightly less than the 6.3 million subscribers reported in the same period a year prior. The partnership with The Walt Disney Company (NYSE:DIS) around Hulu + Live TV figures into these subscriber totals.
Contextually, Tuesday’s stock gains unfolded within a broadly positive market environment. The Nasdaq Composite index appreciated by 0.27%, while the S&P 500 Index advanced by 0.25%, indicating moderate investor confidence during the session.
From a technical analysis standpoint, FuboTV’s stock remains in a challenging position. It trades approximately 30% below its 20-day simple moving average and roughly 50% below its 100-day average, signifying a persistent bearish trend in the short to medium term. Prices have retreated by over 59% relative to their level one year ago, and the shares are closer to their 52-week low, recorded at $1.49, than their annual high of $4.72.
Technical momentum indicators further underscore the stock’s oversold condition. The Relative Strength Index (RSI) is recorded at 15.92, a level commonly interpreted as signalling significant undervaluation and potential for rebound. However, the Moving Average Convergence Divergence (MACD) remains below its signal line, reflecting lingering bearish momentum. Together, these indicators suggest the stock is subject to downward pressure but may currently be undervalued by the market.
Key technical levels for FuboTV include resistance near $2.00 and support at approximately $1.50. During Tuesday’s trading, shares increased by 5.70%, reaching a price of $1.57, a level that remains near the 52-week bottom.
The combination of strong revenue growth and subscriber decline, alongside strategic choices such as discontinuing future earnings guidance and reverse stock split plans, frames the current situation for FuboTV within a complex set of operational and financial developments. These elements contribute to ongoing uncertainty surrounding the company’s near-term trajectory in the competitive streaming industry.