FuboTV Inc. reported a mixed first quarter for 2025, with total revenue increasing by 3.4% to $416.3 million, driven by a 4.7% rise in subscription revenue to $391.4 million. Despite the revenue growth, the company saw a decline in its North American subscriber base, ending the quarter with 1.47 million paid subscribers, down from 1.67 million in the previous quarter. FuboTV's global streaming business exceeded subscriber guidance and achieved revenue targets, with North America total revenue at $407.9 million and the rest of the world contributing $8.4 million. The company's net income from continuing operations was $188.4 million, a significant improvement from a net loss of $56.3 million in the same period last year, largely due to a $220 million gain from settling antitrust litigation. GAAP earnings per share were $0.55, while adjusted EPS was a loss of $0.02. Profitability metrics improved by over $100 million on a trailing twelve-month basis. However, advertising revenue decreased by 17% to $22.8 million, attributed to the loss of content from TelevisaUnivision, which also led to a loss of 36,000 subscribers in North America. FuboTV is projecting a further decline in its North American subscriber base for the second quarter of 2025, expecting between 1.225 million and 1.255 million subscribers, a 14% year-over-year decrease at the midpoint. Revenue is also expected to fall by 10% to between $340 million and $350 million. Amid these financial results, FuboTV's stock price dropped by 16% in mid-afternoon trading. The company is also navigating a proposed merger with Walt Disney's Hulu + Live TV, which is under scrutiny by the U.S. Department of Justice for potential antitrust issues. FuboTV remains committed to launching a Venu-like sports bundle by late summer, aiming to secure content licensing agreements at fair rates and terms for the fall sports season.