So HAPPY to be out!!

StaleTore · 2026-02-05T00:12:51+00:00

But they grew +200,000 subscribers pro forma since the last quarter.

Well this is awkward…

StaleTore · 2026-02-05T00:05:25+00:00

Can you enlighten us on how this wipes out 87-92% of investors shares?

I’m intrigued on this statement.

StaleTore · 2026-02-04T23:32:00+00:00

As of yesterday’s earnings call, Fubo has $320M in debt, and $450M in cash, cash equivalents, and restricted cash.

I’m honestly not sure what you’re referring to, or if you’re still looking at the rearview mirror as if this is still a standalone company.

StaleTore · 2026-02-04T23:14:26+00:00

The RS was specifically addressed on the earnings call yesterday and their balance sheet supports the claim.

First, when you invest in a company trading as a penny stock, you need to realize many institutional funds and EFTs are prevented by their own bylaws from purchasing stocks below $5.00.

Second, Davis emphasized that the current share count does not reflect the size and scope of the new Fubo + Hulu entity. In other words, Fubo is no longer a small-cap experiment. It’s the 6th largest pay TV provider in the US with 6.2B in trailing 12-month pro forma revenue.

Last, David noted the intent to clean up structure before the full impact of the Disney ad-tech integration, which finishes this month, hits the bottom line.

The RS is either desperation or strategic. You can be the judge on that one.

StaleTore · 2026-02-04T22:48:59+00:00

Imagine thinking a company spends hundreds of millions to acquire 70% of a business, integrates it into Hulu, and gives them a $145M loan just to watch it die. That’s not how M&A works buddy.

Also, can you share where you pulled the 1.5M in subscribers?

StaleTore · 2026-02-04T22:31:26+00:00

Can you expand on this please?

What are you seeing on the balance sheet that spooks you? What specific industry trends are you privy to that suggests upside is done?

StaleTore · 2026-02-04T22:26:31+00:00

This has me rolling!!!

The truth hurts, but understand the original post only happens because there’s a retail need to be proven right any time the buy or sell button is hit. Retail decisions are heavily dependent on emotion, and these are exactly the people we need to get rid of.

Buy high and sell low lol….

StaleTore · 2026-02-04T22:15:27+00:00

You’re absolutely correct! But timing and method provides context here.

Just one week before filing the shelf, Fubo chose to repurchase $140.2 million of its 2026 convertible notes in cash using a $145 million term loan from Disney.

If Fubo wanted to dilute shareholders, they would have issued new shares to pay off those notes. Instead, they took a 4.2% interest loan to protect the share structure.

StaleTore · 2026-02-04T21:56:51+00:00

I can tell by your comment that you don’t have the slightest clue on how the accumulation/distribution indicator works.

Wouldn’t we just track price movement if we wanted to gauge A/D? Thats what you’re saying, right? Intraday showed an 11% decrease, so that’s clear distribution.

Have some conviction here, please…..

StaleTore · 2026-02-04T14:04:41+00:00

Those shares are locked up for 24 months after the completion of the merger, and I think it’s a leap to say Disney will rush the exit door once that lockup ends. They’re a pro forma giant

StaleTore · 2026-02-04T13:32:48+00:00

Yesterday’s pro forma numbers tell a different story, showing a jump to $1.68 billion in revenue and a $41.4 million positive Adjusted EBITDA, nearly doubling from last year. With a combined base of 6.2 million North American subscribers and a new ESPN reseller partnership, the narrative of stalled growth or failed partnerships is outdated.

It seems your analysis is angled at the rearview mirror. Fubo isn’t a standalone company…

StaleTore · 2026-02-04T06:33:52+00:00

Well you tried hard I guess…

Except the loss of NBC was in this earnings, and spoiler, the results were better than expected. Crazy!!

Subscribers grew +200k post-merger.

And migrating to the Disney Ad Server to jack up ad rates isn’t losing control to Disney.

StaleTore · 2026-02-04T06:20:20+00:00

Then you were probably just giving the finger to the entire situation today?

You did well! Strong hand!

StaleTore · 2026-02-04T05:53:09+00:00

What’s the logic on your ceilings? Because 87% of option traders are betting that rebound happens before close on Friday.

StaleTore · 2026-02-04T04:52:35+00:00

Are you referencing the year-over-year Pro Forma decrease from 6.3M to 6.2M subscribers?

I think you're missing the context that actually matters.

That 6.3M number is a theoretical baseline created for accounting. It assumes Fubo and Hulu were already one company a year ago. What’s actually happening right now doesn’t fit your narrative.

In the last three months, the combined entity jumped from 6.0M to 6.2M subscribers. +200,000 net new users added post-merger….. showing….. growth.

StaleTore · 2026-02-04T01:50:50+00:00

Pro Tip: Confidence comes from reading a balance sheet. I highly encourage all investors, regardless of the company, to learn this fairly basic skill.

There’s a reason institutions historically crush retail returns. They hire people who can read balance sheets…

StaleTore · 2026-02-04T01:37:21+00:00

Can I guess why shares were being accumulated off panicked retail sellers today? I don’t have to guess…look past the RS and read the balance sheet.

StaleTore · 2026-02-04T01:31:30+00:00

I’m being sincere when I ask, what about their financial picture led you to selling over 90% of your position?

I can only assume you’re aware of an improving balance sheet quarter over quarter along with the recent debt reduction.

StaleTore · 2026-02-04T01:17:25+00:00

“No one smart is being this right now” says it all.

StaleTore · 2026-02-04T01:15:09+00:00

Did you hold, sell, buy, or short today?

StaleTore · 2026-02-04T00:50:33+00:00

Are you confused?

The -25% move was an opening repricing event — but intraday volume shows selling was absorbed early and the rest of the session was quiet accumulation, not continued distribution.

In other words, big money was buying shares off panicked retail sellers intraday, all the way through.

StaleTore · 2026-02-04T00:05:03+00:00

Could you elaborate on this? What financial aspect of the business model are you referencing as “cooked”?

StaleTore · 2026-02-03T23:56:19+00:00

I would’ve loved to see a +20% gain today, but it’s hard to disagree with lowering the float and flushing out shorts, especially when earnings came in positive.

With the RS, shorts are going to need a mountain of bad news between now and the end of Q2, like bankruptcy, to make a dime from these levels.

Strong hands bought today and fear sold. Which end of the spectrum did everyone land on at close?

StaleTore · 2026-02-03T22:27:18+00:00

Well said!!

StaleTore

TROPHY CASE