fuboTV Inc. (FUBO) shares plummeted 11.07% during intraday trading on Wednesday. The sharp decline followed the release of the company's second-quarter fiscal 2026 financial results, which presented a mixed picture to investors.

While the company reported an adjusted earnings beat of 43 cents per share compared to an expected loss of 31 cents, it missed revenue estimates with $1.57 billion against expectations of $1.58 billion. More concerning for the streaming service was a significant drop in North American subscribers, which fell to 5.7 million from 6.2 million in the previous quarter, representing a loss of approximately 500,000 subscribers.

The earnings summary also revealed that the mean earnings estimate from analysts had fallen by about 45.4% in the last three months, with five analysts negatively revising their earnings estimates in the last 30 days. These factors combined to outweigh positive developments such as the company's progress on Disney integrations and AI product innovations, leading to the substantial sell-off during the trading session.