fuboTV Inc. (NYSE: FUBO) heads into the final stretch of 2025 as a very different company than it was a year ago—and the stock is trading like it. As of December 22, 2025, FUBO shares were around $2.71 (latest trade time shown: 11:42 UTC), reflecting a small rebound after a rocky late-November to mid-December stretch that’s been dominated by a high-stakes distribution fight with NBCUniversal and the messy reality of operating a “new” pay-TV giant under Disney’s controlling ownership.
What’s making FUBO particularly interesting (and, yes, particularly chaotic) is that investors are trying to price three storylines at once:
- Scale and synergies from the completed Hulu + Live TV business combination,
- Subscriber churn risk from losing major networks (NBCU) right before peak holiday viewing, and
- A reset in pricing strategy—including unusually large price cuts for new customers heading into 2026.
Below is what’s actually driving the stock now, what the latest forecasts say, and what to watch next—based on news, analyst targets, and technical reads available as of 22.12.2025.
The big structural change: Disney’s Hulu + Live TV combination is done
The headline that still matters most for any FUBO stock thesis: the business combination with Disney’s Hulu + Live TV is complete.
In its transaction announcement, the company confirmed that:
- The combined business continues trading on the NYSE under FUBO,
- Disney owns ~70% of the combined company (making it a “controlled company” in practice),
- And Fubo changed its fiscal year-end to September 30, with the first full year after closing ending September 30, 2026. [1]
This matters for investors because it reframes what FUBO “is.” It’s no longer just a smaller sports-first virtual cable provider; it’s now the public wrapper for a scaled streaming pay-TV operation with Disney in the driver’s seat—while Fubo’s team runs day-to-day operations.
That structure can be a strength (access to content relationships, advertising muscle, scale) and a weakness (minority shareholders live with the governance reality of Disney control).
Latest fundamentals: Q3 2025 showed improving profitability—even before the full merger effect
If you’re looking for the most concrete financial baseline investors had going into the merger close, it’s Q3 2025.
In its Q3 2025 results release, Fubo reported (among other items):
- North America revenue: $368.6 million (down 2.3% YoY) and 1.631 million paid subscribers (up 1.1% YoY)
- Rest of World revenue: $8.6 million and 342,000 paid subscribers
- Net loss from continuing operations: $18.9 million (EPS loss $0.06) versus a larger loss the year prior
- Adjusted EBITDA: +$6.9 million, its second consecutive quarter positive
- Cash, cash equivalents and restricted cash: $280.3 million at quarter-end [2]
The key takeaway investors pulled from this report: the company was showing meaningful progress on profitability metrics—and then immediately stepped into a world where integration, packaging, and carriage negotiations would become even more complex.
The current controversy hitting the product: NBCUniversal channels were pulled (and Fubo fired back)
The most market-relevant operational news in late 2025 has been the NBCUniversal blackout.
Fubo’s own statement says NBCU pulled its networks from Fubo on November 21, 2025, after the sides failed to agree on renewal terms. [3]
In that statement, Fubo frames the dispute around three issues:
- “Versant” and contract duration: Fubo says NBCU is spinning off some cable networks into a new company called Versant on January 1, 2026, and that NBCU wanted a multi-year deal beyond when those channels would be owned by that new entity. [4]
- Skinny bundle friction: Fubo says NBCU wanted it to add expensive non-sports channels that would push up pricing, complicating Fubo’s effort to sell a more cost-effective sports-focused product. [5]
- Peacock integration: Fubo alleges NBCU allowed YouTube TV and Amazon Prime Video to integrate Peacock into their “channel stores,” but refused similar rights to Fubo—an issue that directly collides with Fubo’s newer “channel store” strategy. [6]
From an investor standpoint, you don’t have to take either party’s rhetoric as gospel to see the core risk: missing NBCU networks can raise churn and reduce the perceived completeness of the bundle, especially during sports-heavy periods.
And the market has a long memory: distribution disputes are one of the fastest ways for pay-TV products (traditional or streaming) to bleed subscribers.
Fubo’s damage control: $15 credits and a rare price cut into 2026
Fubo didn’t just issue statements—it changed pricing.
A Fubo support update dated December 10, 2025 states that starting with billing cycles on or after January 1, 2026, it is reducing prices for select subscriptions, including:
- Essential: $73.99/month
- Pro: $73.99/month
- Elite: $83.99/month
- Elite w/ Sports Plus: $93.99/month
- Ultimate: $98.99/month
- Deluxe: $103.99/month
(plus regional sports fees where applicable). [7]
The same page explicitly links eligibility for price-reduction emails to customers whose plans previously included NBC programming—and it notes there’s no information yet on if/when NBC channels return. [8]
Industry coverage of the move was blunt: TheWrap reported on December 5, 2025 that Pro would be $73.99 and Elite $83.99 for new customers starting in January, and that current subscribers would still receive the previously announced $15 credit for the December cycle tied to the blackout. [9]
For FUBO stock, this is a classic tradeoff:
- Lower prices can reduce churn and improve competitiveness,
- But they can also pressure near-term ARPU (average revenue per user) unless offset by better retention, add-ons, advertising, or improved content costs.
The monetization pivot investors should not ignore: the Channel Store strategy
Right in the middle of the broader “bundle wars,” Fubo has been building infrastructure to behave more like a platform.
On November 5, 2025, the company announced the launch of Fubo Channel Store, positioning it as a central hub for premium standalone subscriptions that are “ingested” into the Fubo experience—so users can access paid add-ons without jumping between apps. [10]
The company said the Channel Store includes (at launch) premium standalones such as:
- DTC regional sports networks in select markets,
- DAZN One, Hallmark+, MGM+, Paramount+ with Showtime, and Starz, among others, and that some offerings are available even without a base Fubo subscription. [11]
This matters because it creates a potential “second engine”:
- If the base bundle gets squeezed (by content costs or disputes), Fubo can try to grow via add-ons, aggregated billing, and retention through convenience—a strategy that also explains why Peacock integration became such a flashpoint in the NBCU fight.
What analysts are forecasting for FUBO stock: price targets cluster around the mid-$4s
Despite the volatility and the corporate reshaping, sell-side targets (as aggregated by major tracking platforms) point to meaningful upside from the current ~$2.70 level—but with limited analyst coverage.
Investing.com’s analyst target summary shows:
- Average 12-month price target: 4.50 (about +66% upside from the price shown there),
- With a listed range of $4.25 (low) to $5 (high) and a set of recent rating notes including Raymond James (Hold / new coverage) and Needham (Buy / maintained). [12]
TipRanks, based on analysts issuing targets in the last three months, shows:
- Average price target: $4.63
- Range $4.25 to $5.00
- Consensus label “Moderate Buy” (2 buys, 3 holds, 0 sells in that snapshot). [13]
MarketBeat’s FAQ-style forecast section similarly reports:
- An average 12-month forecast of $4.63, with a broader high/low range shown on that page (high noted as $6.00, low $3.50), and a consensus stance described as “hold.” [14]
Important nuance for readers: when a stock has thin coverage, consensus targets can swing dramatically with only a few updates—and they may lag major operational changes (like the NBCU dispute) in real time.
Technical analysis on Dec. 22: signals lean bullish in the short term (with caveats)
As of Dec 22, 2025 (11:51 AM GMT), Investing.com’s technical dashboard shows a “Summary: Strong Buy,” with:
- RSI(14) around 56.353 marked “Buy,”
- A mixed set of oscillator signals (some “Sell,” some “Buy”),
- And moving averages skewing “Buy” in shorter windows, but “Sell” at longer windows (e.g., MA100/MA200 marked “Sell”). [15]
If you’re writing this up for a general audience: the clean interpretation is that momentum improved recently, but the stock still has overhead resistance implied by longer-term trend measures.
Also, technical signals are inherently fragile around headline-driven names—exactly the type of stock that can gap up or down on a single carriage update.
A recent “dip-buying” style analysis: the stock’s drop into mid-December put value hunters back on the scent
One of the more data-heavy pieces circulating in mid-December came from Trefis, which noted that FUBO fell about 25.8% in less than a month—from $3.61 (Nov. 14, 2025) to $2.68 at the time of writing—and framed the move through the lens of historical “sharp dips” and subsequent recoveries. [16]
Whether you agree with the framing or not, that’s broadly consistent with what investors saw in the tape: a drawdown during the NBCU dispute window, followed by stabilization around the high-$2s by Dec. 22. [17]
The real bull vs. bear debate for 2026: it’s not just “streaming growth” anymore
Bull case (why FUBO could work):
- The combined Hulu + Live TV + Fubo structure creates scale in streaming pay TV under a public ticker, with Disney’s content ecosystem nearby. [18]
- Profitability direction had already improved in Q3 (positive adjusted EBITDA; narrower losses). [19]
- Channel Store and skinny-bundle direction suggests the company is trying to become an aggregator, not just a bundle seller. [20]
- Analysts’ targets cluster in the mid-$4s, implying the market may be pricing in an overly pessimistic churn/cost scenario today. [21]
Bear case (why the stock keeps struggling):
- Carriage disputes are existential in pay TV. Losing NBCU channels—and cutting prices to compensate—highlights how quickly economics can shift against the distributor. [22]
- The “controlled company” reality means minority shareholders should assume governance and strategic decisions may favor Disney’s long-term platform goals, not necessarily short-term stock performance. [23]
- Even after Q3 improvements, the business is still navigating thin margins, content inflation, and integration complexity at a time when consumers are aggressively price-sensitive. [24]
What to watch next for fuboTV (FUBO) stock
Looking ahead from December 22, 2025, the next stock-moving catalysts are straightforward—if not easy:
- Any NBCUniversal carriage update (return of networks, new terms, partial bundles, or permanent separation). The company’s own materials currently provide no timing certainty. [25]
- Evidence the price cuts reduce churn rather than just reduce revenue per user. [26]
- Integration execution under the new fiscal year, with investors learning how management will report and segment performance post-combination. [27]
- Updated analyst models as the market gets cleaner data on subscriber behavior post-blackout and post-price reset. [28]
fuboTV stock is currently living at the intersection of media economics, bundle politics, and platform strategy—an ecosystem where “a channel lineup change” can matter as much as an earnings beat. That makes FUBO risky, headline-sensitive, and sometimes absurdly volatile. It also makes it one of the cleaner case studies in what streaming pay TV is becoming: smaller bundles, more add-ons, more aggregation, and more fights over who controls the customer relationship. [29]
References
1. ir.fubo.tv, 2. ir.fubo.tv, 3. ir.fubo.tv, 4. ir.fubo.tv, 5. ir.fubo.tv, 6. ir.fubo.tv, 7. support.fubo.tv, 8. support.fubo.tv, 9. www.thewrap.com, 10. ir.fubo.tv, 11. ir.fubo.tv, 12. www.investing.com, 13. www.tipranks.com, 14. www.marketbeat.com, 15. www.investing.com, 16. www.trefis.com, 17. www.trefis.com, 18. ir.fubo.tv, 19. ir.fubo.tv, 20. ir.fubo.tv, 21. www.investing.com, 22. ir.fubo.tv, 23. ir.fubo.tv, 24. ir.fubo.tv, 25. support.fubo.tv, 26. support.fubo.tv, 27. ir.fubo.tv, 28. www.investing.com, 29. ir.fubo.tv
