FuboTV Cuts 2028 Target by $250M as Ad Tech Improves but Content Costs Lag
FuboTV’s Q3 2026 results show its 2028 adjusted EBITDA outlook has been reset after the Hulu + Live TV merger. CEO Alisa Bowen, in her first earnings call, highlighted record third-quarter subscribers and early signs that Disney’s ad technology is working. But programming cost synergies tied to separate content contracts will be delayed, and Fubo’s contract wholesale fee step-up is locked, driving a $250M cut to the 2028 target.