FuboTV Inc. (FUBO) shares tumbled 6.14% in pre-market trading on Friday, despite reporting a surprise profit in the first quarter of 2025. The sports streaming service's stock decline appears to be driven by disappointing second-quarter guidance that overshadowed its better-than-expected Q1 results.

For the first quarter, FuboTV posted a profit of $188.5 million, or 55 cents per share, compared to a loss in the same period last year. Adjusted earnings per share came in at a loss of 2 cents, beating analyst expectations of a 10-cent loss. Revenue rose to $416.3 million, slightly surpassing the $415 million forecast by analysts. However, the company faced declining subscriber numbers, with North American paid subscribers down 2.7% and international subscribers falling 11%.

The market's negative reaction seems primarily due to FuboTV's gloomy outlook for the second quarter. The company projects a 10% decline in North American revenue and a 15% drop in international revenue for Q2, with subscriber numbers expected to fall in both regions. This forecast suggests that despite the company's focus on profitability and cost control measures, it continues to face challenges in retaining and growing its user base in an increasingly competitive streaming landscape.