FuboTV Inc. announced that it has obtained a $145 million unsecured promissory note from an affiliate of The Walt Disney Company, with a 4.2 % annual interest rate and a maturity of January 5, 2031. The proceeds will be used to pay the company’s 2026 convertible senior notes, thereby preserving cash on the balance sheet and extending liquidity through the next fiscal year.
The company’s $177.5 million outstanding convertible senior secured notes due 2029 were subject to a repurchase offer triggered by the 2025 business combination with Hulu + Live TV. The offer expired on January 6, 2026, and no holders exercised the option, leaving the notes outstanding and avoiding dilution of equity holders.
FuboTV’s standalone Q3 2025 results showed a 2.3 % year‑over‑year decline in revenue to $368.6 million and a net loss of $18.9 million, reflecting ongoing margin pressure and a slowdown in subscriber growth. The company’s subscriber base remained near 6 million after the October 29, 2025 integration with Hulu + Live TV, but the loss of NBCUniversal’s networks in early 2026 added a competitive headwind to its content portfolio.
The Hulu integration, completed in October 2025, is intended to create a larger, more competitive virtual MVPD and to generate cost and revenue synergies. Disney now holds a 70 % stake in the combined entity, and the term loan is part of a previously announced commitment letter tied to the integration. Management views the financing as a bridge to the 2026 note maturity while the company focuses on scaling its sports‑first streaming platform and leveraging Hulu’s ad technology.
CEO David Gandler said, “The term loan gives us the flexibility to meet our 2026 debt obligations without diluting shareholders, and it positions us to accelerate growth in the combined platform.” He added that the company remains focused on building a consumer‑first streaming service designed for scale, personalization, and profitability.
Analysts have issued a “Moderate Buy” consensus for FuboTV, with an average price target of $4.58 as of January 2026. While the company’s financials remain under pressure, the new financing and the strategic partnership with Disney are viewed as positive steps toward long‑term stability.
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