By Elias Schisgall
Shares of FuboTV surged after the company said it expects to report positive free cash flow by fiscal 2027.
Shares were up 19% to $11.66 in Monday morning trading. The stock has fallen 61% year-to-date.
The company said it may hit its target of positive free cash flow sooner than fiscal 2027. It also guided for between $80 million and $100 million in pro forma adjusted earnings before interest, taxes, depreciation and amortization in fiscal 2026.
By fiscal 2028, the company expects to report at least $300 million in adjusted Ebitda.
"We believe that our share price has not yet reflected the operational progress we have made nor the intrinsic value of the combined business," Chief Executive David Gandler wrote in a letter to shareholders. "I hope today's updates help to close that gap."
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
April 06, 2026 11:04 ET (15:04 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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