FuboTV (FUBO) Operating Expenses (2011 - 2025)
FuboTV's (FUBO) quarterly Operating Expenses came in at $344.0 million in Q4 2025, up 278.65% year-over-year from $90.9 million in Q4 2024, and down 89.95% quarter-over-quarter from $3.4 billion in Q2 2025.
Analysis
FuboTV (FUBO) Operating Expenses (2011 - 2025) Analysis & Trends
FuboTV (FUBO) has reported Operating Expenses for 15 consecutive years, with $344.0 million the latest figure, recorded in Q4 2025.
- On a quarterly basis, Operating Expenses rose 278.65% year-over-year to $344.0 million in Q4 2025; TTM through Dec 2025 was $5.9 billion, a 414.18% increase from a year earlier, with the FY2025 full-year figure at $1.6 billion, up 37.08% from the prior year.
- Operating Expenses was $344.0 million for Q4 2025 at FuboTV, down from $3.4 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $3.4 billion in Q2 2025 and troughed at -$192.6 million in Q4 2024.
- A 5-year average of $593.0 million and a median of $365.3 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses slumped 139.93% in 2024 and jumped 702.26% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $309.9 million in 2021, then surged by 33.32% to $413.2 million in 2022, then climbed by 16.71% to $482.3 million in 2023, then sank by 139.93% to -$192.6 million in 2024, then jumped by 278.65% to $344.0 million in 2025.
- The last three Operating Expenses figures came in at $344.0 million (Q4 2025), $3.4 billion (Q2 2025), and $2.3 billion (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 298.93 Bn | 289.80 Bn | 6.52 Bn | 1.51 Bn |
| 2 | Spotify Technology | 104.93 Bn | 94.01 Bn | 1.86 Bn | 640.46 Mn |
| 3 | Tencent Music Entertainment | 12.20 Bn | 9.10 Bn | 582.00 Mn | -191.00 Mn |
| 4 | FuboTV | 1.09 Bn | 3.01 Bn | 399.10 Mn | 344.01 Mn |
| 5 | iQIYI | 974.56 Mn | 490.38 Mn | 152.37 Mn | -938.70 Mn |
| 6 | Huya | 920.96 Mn | 560.70 Mn | 37.58 Mn | -39.77 Mn |
| 7 | Mega Matrix | 211.73 Mn | 204.42 Mn | 3.03 Mn | -18.35 Mn |
| 8 | Kaltura | 203.35 Mn | 172.05 Mn | 34.54 Mn | 35.31 Mn |
| 9 | CuriosityStream | 164.31 Mn | 115.92 Mn | 16.93 Mn | 14.07 Mn |
| 10 | Cineverse | 50.40 Mn | 46.08 Mn | 10.66 Mn | 35.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 344.01 Mn |
| Jun 28, 2025 | 3.42 Bn |
| Mar 29, 2025 | 2.31 Bn |
| Dec 28, 2024 | -192.56 Mn |
| Sep 30, 2024 | 444.84 Mn |
| Jun 30, 2024 | 426.64 Mn |
| Mar 31, 2024 | 465.66 Mn |
| Dec 31, 2023 | 482.27 Mn |
| Sep 30, 2023 | 404.22 Mn |
| Jun 30, 2023 | 365.25 Mn |
| Mar 31, 2023 | 405.83 Mn |
| Dec 31, 2022 | 413.22 Mn |
| Sep 30, 2022 | 328.60 Mn |
| Jun 30, 2022 | 313.46 Mn |
| Mar 31, 2022 | 365.28 Mn |
| Dec 31, 2021 | 309.95 Mn |
| Sep 30, 2021 | 259.95 Mn |
| Jun 30, 2021 | 211.95 Mn |
| Mar 31, 2021 | 184.80 Mn |
| Dec 31, 2020 | 197.40 Mn |