FuboTV (FUBO) Research & Development (2019 - 2025)
FuboTV (FUBO) posted quarterly Research & Development of -$95.1 million for Q4 2025, up 29.53% year-over-year from -$73.5 million in Q4 2024, and down 417.62% quarter-over-quarter from $30.0 million in Q2 2025.
FuboTV (FUBO) Research & Development (2019 - 2025) Analysis & Trends
FuboTV (FUBO) has reported Research & Development for 7 consecutive years, with -$95.1 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Research & Development rose 29.53% year-over-year to -$95.1 million; the TTM figure through Dec 2025 stood at -$196.0 million (down 238.42% YoY), while the FY2025 annual figure was $13.6 million, up 508.99% from the prior year.
- Research & Development fell to -$95.1 million in Q4 2025 per FUBO's latest filing, from $30.0 million in the prior quarter.
- Across five years, Research & Development topped out at $89.0 million in Q4 2021 and bottomed at -$135.0 million in Q4 2024.
- Historically, Research & Development has averaged $14.6 million across 5 years, with a median of $20.6 million in 2024.
- Annual changes were most pronounced in 2021 — Research & Development jumped 798.14% — and 2025, when it sank 78.92%.
- FuboTV's Research & Development stood at $89.0 million in 2021, then sank by 35.28% to $57.6 million in 2022, then rose by 5.0% to $60.5 million in 2023, then sank by 323.2% to -$135.0 million in 2024, then rose by 29.53% to -$95.1 million in 2025.
- Business Quant data shows FUBO's Research & Development at -$95.1 million in Q4 2025, $30.0 million in Q2 2025, and $4.2 million in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.74 Bn | 5.53 Bn | 1.06 Bn | - |
| 2 | Newsmax | 1.40 Bn | 1.35 Bn | 23.33 Mn | - |
| 3 | Gray Media | 480.19 Mn | 304.19 Mn | 270.00 Mn | - |
| 4 | iHeartMedia | 457.30 Mn | 282.86 Mn | 576.68 Mn | - |
| 5 | FuboTV | 308.81 Mn | -143.61 Mn | 399.10 Mn | -49.52 Mn |
| 6 | E.W. Scripps | 303.44 Mn | 290.39 Mn | 196.33 Mn | - |
| 7 | CuriosityStream | 174.02 Mn | 125.62 Mn | 16.93 Mn | - |
| 8 | Mediaco Holding | 80.93 Mn | 79.13 Mn | -1.26 Mn | - |
| 9 | Saga Communications | 56.13 Mn | 28.29 Mn | 20.50 Mn | - |
| 10 | Beasley Broadcast | 36.90 Mn | 30.20 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -95.15 Mn |
| Jun 30, 2025 | 29.96 Mn |
| Mar 29, 2025 | 4.22 Mn |
| Dec 28, 2024 | -135.02 Mn |
| Sep 30, 2024 | 21.19 Mn |
| Jun 30, 2024 | 35.88 Mn |
| Mar 31, 2024 | 20.04 Mn |
| Sep 30, 2023 | 60.49 Mn |
| Jun 30, 2023 | 17.78 Mn |
| Mar 31, 2023 | 42.95 Mn |
| Dec 31, 2022 | 57.62 Mn |
| Sep 30, 2022 | 17.60 Mn |
| Jun 30, 2022 | 18.04 Mn |
| Mar 31, 2022 | 18.72 Mn |
| Dec 31, 2021 | 89.02 Mn |
| Sep 30, 2021 | 15.26 Mn |
| Jun 30, 2021 | 21.51 Mn |
| Mar 31, 2021 | 22.14 Mn |
| Dec 31, 2020 | 9.91 Mn |
| Sep 30, 2020 | 22.27 Mn |