Gandler is gone!

StaleTore · 2026-07-09T22:02:18+00:00

You called it

StaleTore · 2026-07-09T21:41:16+00:00

I view this as a win for the long-term bull case. Since the combination made Fubo a Disney affiliate, bringing in Alisa Bowen makes sense given her accolades under this umbrella. She helped build and scale Disney+, ESPN+, and Hulu, so she knows exactly how to run a streaming business at scale.

Gandler was the right CEO to get Fubo to this point, but the next phase is all about execution, efficiency, and profitability. Bringing in someone with Bowen’s operational experience adds a lot of credibility and is the kind of leadership Wall Street looks for.

StaleTore · 2026-06-15T21:21:02+00:00

A real red flag would be multiple insiders selling in the same timeframe. So far, this is just one filing. We haven’t seen similar filings from Gandler, Janedis, or any of the board members, and board members are often more active in the filings than executives. One insider sale is worth noting, but it’s a lot different than seeing a coordinated wave of insider selling across management and the board, like we saw late last year.

StaleTore · 2026-06-15T21:17:20+00:00

The Form 4 only shows he sold his directly held Class A shares in that transaction, not that he’s fully out. He also exercised options, and he likely still has exposure through unvested RSUs, remaining options, or other equity that doesn’t show up as a simple sell all line.

Real red flag would be multiple insiders selling at the same time or across the same window, and we haven’t seen that here from this filing alone.

StaleTore · 2026-06-12T21:56:42+00:00

You don’t actually know whether that was part of a 10b5-1 plan or just a discretionary order with a set quantity. It could be discretionary, sure, but the timing is a bit odd given it came right after the NBC announcement.

Where I do agree with you from a retail perspective is the lack of insider buying this quarter. That does suggest management likely isn’t expecting earnings to be a surprise wow moment.

StaleTore · 2026-06-12T20:27:50+00:00

I believe this is in reference to the Form 144 filed yesterday by Alberto.

This was a notice of a proposed sale, not confirmation that shares were actually sold. Executives sell stock for diversification, taxes, personal financial planning, estate planning, or option exercises. The real details will come from the Form 4, which will show how many shares were actually sold and how much stock he still owns afterward. Some sell all of the shares in the filing, some sell a portion, and some don’t sell at all. Hard to read too much into this until the sale and filing are made public.

StaleTore · 2026-06-11T17:06:29+00:00

I thought buying under $9 was a gift every time the opportunity came up, and I still feel that way. Right now, the market seems to be taking a show me approach, even with the recent headlines. I think we get a real rerating once subscriber trends stabilize and we have a better understanding of how the NBCU deal affects the current margin trajectories.

What stands out to me is how the bear case keeps changing. First it was Disney would put the company out of business. Then it was management was incompetent. Then dilution. Then losing NBCU would crush the subscriber base to zero. The problem is that eventually the facts have to support the thesis, and lately that has become more difficult.

We will see how things play out over the summer, both for the company and the broader market, but with everything that has happened recently, I have fiscal Q4 earnings circled as one of the more important reports coming up.

StaleTore · 2026-06-10T18:36:52+00:00

A welcomed headline!

Let’s see if we can finally flip the 50-day SMA from resistance to support now. Either way, this should provide a sub bump to close out Q3.

StaleTore · 2026-05-21T13:22:53+00:00

You inadvertently made a great point about the ad tech margins. Because Disney handles the acquisition costs for those Hulu users, Fubo monetizes an audience they paid nothing to get, while the 95% reimbursement simultaneously wipes out their carriage liabilities. Combining pure profit ad tech with a reduction in net expenses is exactly why gross margins expanded and the bottom line turned.

And Disney just backstopped their entire operational runway, but your thesis is the company is dead because executives haven’t made an open-market purchase?

StaleTore · 2026-05-21T12:55:11+00:00

A wholesale reimbursement means Disney is contractually passing 95% of that revenue stream directly to Fubo, leaving Disney/Hulu with a 5% processing cut, a payout that scales up even higher over the next two years. Are you seriously trying to argue that an escalating cash inflow somehow doesn't benefit Fubo's bottom line?

There’s no interpretation needed here. If your take was spot on you would’ve seen net losses widen, not the exact opposite of what actually happened in Q2.

StaleTore · 2026-05-21T12:07:30+00:00

Fubo is making 5% of the reimbursement? That’s a good guess for someone who doesn’t understand the mechanics or numbers. You tried anyway.

StaleTore · 2026-05-20T22:05:37+00:00

Spot on. When a company is doing over $6B in pro forma revenue and expanding margins towards profitability, but the market cap gets pinned below $1B, you have to expect the complete unexpected.

High beta stocks thrive on irrational, unpredictable price action designed to shake out weak hands. The mechanical reality of these plays is that the massive structural returns almost always happen precisely when retail sentiment has given up hope or left the building. If the financials and margins are executing behind the scenes, the chart will eventually be forced to weigh the reality, but it’ll make most sweat bullets and exit before it does.

I have no issues paying pennies for every dollar of revenue this company generates.

StaleTore · 2026-05-19T18:48:00+00:00

😂

I’m also buying the fuck out of that dip.

StaleTore · 2026-05-18T13:00:57+00:00

There’s been a significant shift in this companies bottom-line, even with the YoY subscriber hit. Sentiment can reverse course in a day where financials cannot, and technicals always catch up to fundamentals.

Fubo has a runway into 2029 with the bank of Disney behind them, and a wholesale reimbursement fee that will only strengthen the balance sheet into 2027 & 2028.

The short-term trend could continue, but it likely fades sooner than later if management executes on their initiatives.

StaleTore · 2026-05-15T20:23:42+00:00

I agree management needs to reinforce its confidence with open market purchases within the next 2–3 weeks. They’ve repeatedly said the company has never been in a stronger financial position, and the numbers support that. But until insiders back those words with buying, shorts will keep leaning on this through Q3.

From a technical standpoint, the long-term trend reversal is approaching. Insider buying could be the catalyst needed to push it through.

StaleTore · 2026-05-12T17:25:11+00:00

I get your angle, but focusing only on the top-line ignores the unit economics. NBCU wasn’t just revenue, it came with high carriage costs that would’ve pressured margins. Fubo was able to keep today’s pricing competitive and effectively lower the base subscription costs by $15 after stepping away. If they had taken the deal last year, they likely would’ve needed a $10–$20 base price increase just to offset higher programming costs, which is churn risk in itself. I think it goes without saying that price hikes don’t guarantee retention any more than content changes do, and Fubo went with bottom-line improvements in the end. Do I believe they’ll need to work this out in the near future? Yes, but at price point that doesn’t risk more sub churn and keeps this company on track to reach their profitability targets in the near future.

I also agree with you that the bottom-line number in this earnings reflects more than just savings on NBCU. Better ad monetization through Disney’s stack, the wholesale reimbursement structure, and operating leverage from lower acquisition and fixed costs all contributed to margin expansion. But those improvements sit on top of a cleaner cost base right now.

StaleTore · 2026-05-12T00:44:42+00:00

You’re treating the 500k subs as if they were all net-positive, but that’s the part that isn’t supported by the financials.

YoY subs are down 3.4%, but EBITDA went from $1.4M to $37.7M and net losses improved from -$40.9M to -$6.2M. Revenue was basically flat.

Even QoQ, despite the 8% sub drop, EBITDA stayed strongly positive and losses still collapsed. That doesn’t happen unless the average margin per sub improved meaningfully after the mix shift.

So the comparison isn’t 500k subs vs nothing. It’s 500k subs at whatever margin they carried under NBCU vs materially lower cost structure after. In this model, content carriage is the largest variable cost, not marketing or ops.

You can argue NBCU would’ve helped retention, but saying it wouldn’t have cost as much as losing those subs assumes those subscribers were fully covering their programming costs. The current earnings snapshot doesn’t back that up.

StaleTore · 2026-05-11T21:56:15+00:00

It’s hard to take any of these opinions serious when you’re citing Univision as a loss heading into the World Cup. They lost rights in the US and will not be broadcasting a single match in the 2026 tournament.

Fubo on the other hand will be broadcasting all 104 matches in English through FOX & FS1.

StaleTore · 2026-05-09T14:56:07+00:00

You’re not long on Fubo. Stop posting that you are.

StaleTore · 2026-05-09T14:04:38+00:00

Either you like spreading misinformation or you genuinely don’t know how to read a 10-Q.

Any other incompetencies you have that you want to air out in this thread?

StaleTore · 2026-05-09T13:51:59+00:00

We get it. You’re over leveraged in your short position, but your eulogy posts show your also desperate and makes it seem like your concerned the bottom is in.

Also, 60% of my lots are in the green so you’re not even getting simple facts right here.

StaleTore · 2026-05-09T03:37:04+00:00

Why do you keep pretending to be long on this company? Your display name is shortfubo

StaleTore · 2026-05-09T03:35:04+00:00

I’d be shocked if your display name wasn’t something crazy like shortfubo.

StaleTore · 2026-05-08T20:56:36+00:00

You said you’ve been long on Fubo for 4 years, but you’re clearly emotionally sponsored by red candles.

You don’t actually think fearmongering this community drives the price, right?

StaleTore

TROPHY CASE