FUBO reverse stock split: FuboTV makes a rare move, streamer’s share price plunges 25%

FuboTV's stock price plummeted following the announcement of its Q1 2026 results and a reverse stock split. The company reported a revenue increase of 40% to $1.543 billion. Despite revenue growth, FuboTV reported a net loss of approximately $19.1 million for the quarter. The company announced a reverse stock split, which consolidates existing shares, a move often used to avoid delisting. This reverse split will range from 1-for-8 to 1-for-12, decided by the board. The company aims to make the stock more accessible and align shares with the company's size. Investors reacted negatively to the financial results, causing the stock's sharp decline. The reverse split is expected to boost the share price above the $1 threshold required for continued exchange listing. The stock has traded as low as $1.57 in the past year, highlighting the delisting risk. The exact reverse split ratio will be determined by the board of directors. Shares are expected to begin trading at the new reverse split price later this quarter.