fuboTV Inc. (FUBO) stock soared 12.08% during intraday trading on Monday, driven by the company's release of robust forward-looking financial guidance and ambitious profitability targets.

The streaming service provider issued fiscal 2026 pro forma adjusted EBITDA guidance of $80-$100 million, representing significant growth from its 2025 pro forma adjusted EBITDA of $59 million. Furthermore, the company set a long-term target of at least $300 million in adjusted EBITDA for fiscal 2028, signaling strong confidence in its future earnings trajectory.

Adding to the positive sentiment, fuboTV expects to achieve positive free cash flow beginning in fiscal 2027 under its current operating plan. The company also projected maintaining cash and cash equivalents of at least $200 million by the end of September 2026, highlighting its improving financial stability.