This conference call announced the financial results of Fubo TV for the second quarter, discussed business progress and strategic planning, and also hinted at potential merger discussions with Hulu plus live TV. Management also emphasized market trends, growth expectations, and profitability, and reminded investors to pay attention to relevant risk factors.

In the second quarter, fubo achieved positive adjusted EBITDA for the first time, despite a decrease in paid subscribers in North America, both global market revenue and paid users saw growth. The company plans to launch fubo Sports and pay-per-view services to attract more viewers and convert them into subscribers. Through a partnership with Dish Network, the fubo Sports Network's free ad-supported streaming channel has expanded its coverage and increased brand exposure. fubo continues to optimize user experience by providing personalized features such as instant replays and game highlights to enhance user engagement. The company remains optimistic about future regulatory approvals and its merger with Disney, focusing on providing flexible content options and high-quality services.

The company's second quarter financial report shows that despite facing challenges such as a decrease in advertising revenue, revenue in the North American region reached $301 million, paid user numbers increased, and overall performance exceeded expectations. Revenue and subscription numbers in other global regions also surpassed guidance, net profit losses narrowed significantly, adjusted EBITDA reached $20.7 million, achieving historical first-time positive growth, demonstrating strong operational leverage and long-term growth potential.

The discussion revolved around the third quarter performance expectations, focusing on key points such as market competition, product launches, marketing efficiency, and customer retention. Mention was made of the positive impact of the start of the sports season on user growth, as well as plans to continuously optimize marketing strategies to improve the retention rate of core product users. Emphasis was placed on the importance of maintaining efficient marketing in a competitive environment to leverage seasonal market advantages.

Discussed the impact of French asset acquisitions on technology integration and market expansion, emphasizing the importance of unified technology stacks and negotiations on sports content. Mentioned market dynamics of competitors like Disney+ and explored the ideal consumer experience under broader sports content and technological innovation, pointing out the need for clear bundled services to address fragmentation trends, while emphasizing diverse strategies for value delivery and price points.

Discussed the performance of advertising revenue under tariff pressure, pointing out that although automotive advertising has slowed down, categories such as e-commerce and technology continue to show strong growth. The contribution of fast channels to overall advertising growth is gradually increasing, and is expected to continue to play a positive role in the future.

Discussed the performance of adjusted EBITDA after removing one-time costs, pointing out that the business typically demonstrates strong adjusted EBITDA in the mid-year, while marketing expenses increase in the second half of the year along with user growth. It is expected that future profitability will follow seasonal trends, and attention should be paid to directional changes in profitability between quarters.

Discussed the adjustments to the subscription guidelines, including the initial and revised guidance, as well as the impact of terminating partnerships on performance. It was pointed out that despite facing challenges such as a decrease in multiple content channels and partners, performance still exceeded expectations, particularly demonstrating strong performance in terms of pricing and product portfolio.

The company discussed taking measures to stabilize the advertising business in the face of increased consumer price sensitivity, launching independent services, especially focusing on providing high-value sports content. Although the deal with Univision did not materialize, the conversion rate of Latinx packages increased, showing the initial effectiveness of market strategy adjustments. In the coming year, the company plans to maintain flexibility to respond to changes in the traditional media industry, in order to achieve long-term stable development.