business

Max Knoblauch2/28/25

Sports streamer Fubo’s shares are taking a beating after weak guidance

FuboTV shares plunged more than 20% in early trading on Friday after the live sports streamer reported earnings.

Fubo grew to 1.67 million subscribers and posted 8% revenue growth, ending the quarter with $434 million, which was below expectations. It closed the year with a revenue record: $1.59 billion, a 19% increase.

As the “down more than 20%” number shows, investors found plenty not to love in Fubo’s earnings. The streamer’s next quarter revenue guidance, $413 million, was about 6% below expectations. Fubo’s Q4 ad revenue also fell 12% from last year to $34.3 million, to end the year flat.

Last month, Fubo announced plans to merge with Disney’s Hulu + Live TV, a combo that would create the second-largest streaming MVPD (TV channels over the internet) behind Alphabet’s YouTube TV. The deal also closed Fubo’s antitrust litigation against Disney, which sought to derail the company’s now defunct Venu Sports joint venture.

The Fubo-Hulu combo would be 70% controlled by Disney but continue trading as Fubo. Despite Friday’s performance, Fubo shares are still up more than 100% year to date.

Fubo Shrinks Quarterly Loss on Higher Revenue, Gets to 1.67M Subs

Fubo Shrinks Quarterly Loss on Higher Revenue, Gets to 1.67M Subs

As the “down more than 20%” number shows, investors found plenty not to love in Fubo’s earnings. The streamer’s next quarter revenue guidance, $413 million, was about 6% below expectations. Fubo’s Q4 ad revenue also fell 12% from last year to $34.3 million, to end the year flat.

Last month, Fubo announced plans to merge with Disney’s Hulu + Live TV, a combo that would create the second-largest streaming MVPD (TV channels over the internet) behind Alphabet’s YouTube TV. The deal also closed Fubo’s antitrust litigation against Disney, which sought to derail the company’s now defunct Venu Sports joint venture.

The Fubo-Hulu combo would be 70% controlled by Disney but continue trading as Fubo. Despite Friday’s performance, Fubo shares are still up more than 100% year to date.

More Business

See all Business

business

Demis Hassabis, Google DeepMind’s CEO and founder, was also an early Anthropic investor

A chess prodigy, and an actual a knight of the realm in the UK, it's perhaps no surprise that Demis Hassabis has made some strategic moves about his exposure to AI upside. According to people familiar with the matter, the influential AI architect became an angel investor in Anthropic, currently behind many of the leading AI models, per Arena AI leaderboards.

The Nobel Prize winner’s position in the Claude creator was previously undisclosed and, according to the Financial Times, highlights Hassabis’ “growing influence across the AI industry.”

Google, which bought DeepMind, the company that Hassabis cofounded and heads to this day, for a reported ~$400 million in 2014, is also a key Anthropic investor. The tech giant reportedly plans to invest up to $40 billion in the AI company as part of the mutually beneficial relationship the pair have forged, with reports that Anthropic has committed to spend $200 billion in the other direction on Google’s cloud services over the next five years.

I'm playing all sides, so I always come out on top

In addition to his financial support for Anthropic, Hassabis has also invested in a range of AI startups launched by colleagues, such as Inflection AI, a company set up by his DeepMind cofounder Mustafa Suleyman (who is now CEO of Microsoft AI), as well as efforts from other collaborators, like David Silver’s Ineffable Intelligence.

Hassabis also emerged as recurring figure on the fringes of the recent Elon Musk v. Sam Altman trial, cropping up repeatedly in testimonies and court documents and appearing to live, as The Verge put it, “rent-free” in Musk’s head.

Founded in 2021, Anthropic has recently raised funding at a reported $900 billion valuation, sending it soaring ahead of competitor OpenAI.

Google DeepMind’s Demis Hassabis emerges as early Anthropic investor

Google DeepMind’s Demis Hassabis emerges as early Anthropic investor

The Nobel Prize winner’s position in the Claude creator was previously undisclosed and, according to the Financial Times, highlights Hassabis’ “growing influence across the AI industry.”

Google, which bought DeepMind, the company that Hassabis cofounded and heads to this day, for a reported ~$400 million in 2014, is also a key Anthropic investor. The tech giant reportedly plans to invest up to $40 billion in the AI company as part of the mutually beneficial relationship the pair have forged, with reports that Anthropic has committed to spend $200 billion in the other direction on Google’s cloud services over the next five years.

I'm playing all sides, so I always come out on top

In addition to his financial support for Anthropic, Hassabis has also invested in a range of AI startups launched by colleagues, such as Inflection AI, a company set up by his DeepMind cofounder Mustafa Suleyman (who is now CEO of Microsoft AI), as well as efforts from other collaborators, like David Silver’s Ineffable Intelligence.

Hassabis also emerged as recurring figure on the fringes of the recent Elon Musk v. Sam Altman trial, cropping up repeatedly in testimonies and court documents and appearing to live, as The Verge put it, “rent-free” in Musk’s head.

Founded in 2021, Anthropic has recently raised funding at a reported $900 billion valuation, sending it soaring ahead of competitor OpenAI.

business

Max Knoblauch18h

Jury rules against Musk in lawsuit against OpenAI and Altman

Jurors in Tesla CEO Elon Musk’s lawsuit against Sam Altman, Greg Brockman, and OpenAI found the defendants not liable on all claims on Monday.

In a unanimous verdict reached after less than two hours of deliberation, the Oakland jury found that Musk had waited too long to bring his case forward, exceeding the statute of limitations.

Musk had alleged that OpenAI abandoned its founding mission as a nonprofit dedicated to developing AI for humanity and instead became a profit-driven company closely tied to Microsoft.

The verdict caps off a three-week blockbuster tech trial that could have seen Altman and Brockman removed from OpenAI leadership.

Jury tosses Elon Musk’s lawsuit against OpenAI and Sam Altman

Jury tosses Elon Musk’s lawsuit against OpenAI and Sam Altman

Musk had alleged that OpenAI abandoned its founding mission as a nonprofit dedicated to developing AI for humanity and instead became a profit-driven company closely tied to Microsoft.

The verdict caps off a three-week blockbuster tech trial that could have seen Altman and Brockman removed from OpenAI leadership.

Swatch’s collaboration with Audemars Piguet could help bring hype back to its bottom line

The rival watchmakers have teamed up on a buzzy new collection that’s sparking a global consumer frenzy.

Swatch x Audemars Piguet "Royal Pop" watches

listening party

Spotify wants us all to join its 20th anniversary celebrations

Looking at its finances, no wonder the streamer’s in a festive mood.

Spotify 20th Anniversary

Daily Life In Warsaw

Smartphones are 12% cheaper than last year, according to the latest inflation data... except they’re not

Phones are one of a few important categories that get quality, or “hedonic,” adjustments in the Consumer Price Index — which make their price go down in the official statistics.

David Crowther5/12/26

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC