FuboTV Inc. (FUBO) shares surged 7.91% in pre-market trading on Wednesday, following a 10.73% rally on Tuesday. The significant uptick comes on the heels of the company's release of preliminary second-quarter 2025 financial results, which substantially exceeded expectations across multiple metrics.

According to the preliminary results, FuboTV's total revenue for North America is expected to surpass $365 million, beating the previous guidance of $345 million. The company also projects to exceed 1.350 million paid subscribers in North America, significantly above the earlier forecast of 1.240 million. Moreover, FuboTV anticipates its first-ever quarter of positive Adjusted EBITDA, reaching at least $20 million, marking a substantial improvement of over $30 million year-over-year. The company's net loss is projected to narrow to approximately $8 million, an $18 million improvement from the previous year.

Adding to the positive sentiment, FuboTV disclosed a proposed business combination with Hulu + Live TV. This potential deal has led the company to pause providing future guidance and withdraw its previously communicated 2025 profitability target. As the streaming landscape continues to evolve, investors appear to be betting on FuboTV's growth prospects and potential strategic moves to solidify its position in the competitive streaming industry.