FuboTV Inc. (NYSE: FUBO) shares plummeted 10.58% in Friday's pre-market trading session, as investors reacted negatively to the company's disappointing second-quarter guidance, which overshadowed its surprise profit in the first quarter of 2025.

The sports-first live TV streaming platform reported a profit of $188.5 million, or 55 cents per share, for Q1, 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 3.5% year-over-year 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%.

Despite the better-than-expected Q1 results, FuboTV's stock took a hit due to its 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 has raised concerns among investors about the company's growth trajectory and its ability to maintain profitability in the face of a shrinking user base. While FuboTV's focus on cost control and profitability yielded positive results in Q1, the market seems skeptical about the sustainability of this approach given the projected revenue and subscriber declines.