NEW YORK, March 26, 2026, 15:33 EDT
FuboTV’s 1-for-12 reverse stock split is now in place, and so far, investors are unimpressed. Shares, split-adjusted, dropped from $13.20 on March 23 to $10.85 by March 25. That’s roughly a 17.8% slide across two sessions, market data shows.
The move isn’t just about bundling 12 shares into one. Fubo’s information statement reveals the company isn’t cutting its authorized share count, so it still has plenty of dry powder for future issuance. That’s notable, even as management claims the split is designed to boost the stock price and widen the investor pool.
The board settled on a 1-for-12 reverse split, according to a March 20 filing, and by March 23, Delaware had received the amendment. At 5 p.m. ET that day, shareholders got one new share for every 12 old Class A or Class B shares they held—fractional amounts were paid out in cash.
The company’s move slashes Class A shares to roughly 29.4 million, down from 353.2 million, and brings Class B shares to around 79.0 million from 947.9 million. Equity awards, convertible notes, and stock-plan reserves are all adjusted to match the new ratio, too.
Less than five months since Fubo finalized its merger with Disney’s Hulu + Live TV, the split is happening. Back in February, Fubo posted pro forma North America revenue of $1.675 billion—numbers adjusted as though the Hulu + Live TV tie-up covered the whole period. The company also counted 6.2 million subscribers in North America, with $458.6 million sitting in cash. “A year of transformation,” CEO David Gandler said of 2025. Fubo Investor Relations
Management hasn’t minced words on the reason for the split. The board laid it out for shareholders: boost the stock price per share, cut down a share count they said was oversized given Fubo’s scale, and get the stock onto the radar of institutions and brokers that generally avoid low-priced names.
But that filing didn’t mince words about the potential downside. Fubo noted there’s no guarantee the stock price climbs alongside the reduced share count—or holds its ground if it does. The company also flagged that some investors could be left with less-than-100-share odd-lots, which sometimes carry higher trading fees.
What really jumps out right now is the share-structure quirk. Fubo isn’t touching its authorized stock totals—still 5 billion Class A shares, 2 billion Class B shares, plus 50 million preferreds—so after the split, the amount of stock Fubo can issue grows. The company said this move keeps its options open if it needs to raise cash, including through potential equity sales.
Hulu, LLC—the controlling voting stakeholder for Fubo—signed off on the reverse split via written consent, skipping the need for proxies or a shareholder meeting. Fubo had flagged to investors it would consider market conditions, its trading price, shareholder headcount, and NYSE listing requirements before finalizing the split ratio.
The reverse split leaves Fubo’s operational footprint the same. Early selling pressure points to investors trying to figure out if the beefed-up pay-TV streaming platform—now counting Hulu + Live TV, Fubo, and Molotov, and posting $6.2 billion in pro forma revenue over the last year—can actually translate that scale into a more resilient stock narrative.
