FuboTV Inc. (FUBO) shares are soaring 17.14% in pre-market trading on Tuesday following the release of its preliminary second quarter 2025 financial results, which significantly exceeded expectations across multiple metrics. The streaming company reported better-than-anticipated revenue and subscriber growth, along with its first-ever positive Adjusted EBITDA (AEBITDA), sparking investor enthusiasm.

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 quarter of positive AEBITDA, 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, which has led the company to pause providing future guidance and withdraw its previously communicated 2025 profitability target. This potential deal, coupled with the strong Q2 performance, appears to be driving significant investor optimism. As the streaming landscape continues to evolve, the market seems to be betting on FuboTV's growth prospects and potential strategic moves to solidify its position in the competitive streaming industry.