FuboTV Inc. FY 2026 Earnings Call

Good afternoon, welcome to the 2026 Annual Meeting of Stockholders for fuboTV Inc. I will now turn the line over to Alisa Bowen, Chief Executive Officer of Fubo.

Thank you, operator, good afternoon, everyone. I'm Alisa Bowen, CEO of fuboTV Inc., and the chairman of today's meeting. I'm very happy to welcome you all to our 2026 Annual Meeting of Stockholders, which we are holding virtually to facilitate broader access for all our stockholders. With me today, we have members of the company's board of directors and leadership team, as well as other key company employees and representatives. We also have a representative from PricewaterhouseCoopers LLP, the company's independent auditor, who will be available during the question and answer portion of the meeting. The meeting will now officially come to order, I will turn the meeting over to the company's Chief Legal Officer and Corporate Secretary, Gina DiGioia, to proceed with the formal business of the meeting as set forth in the notice of the annual meeting and proxy statement.

Thank you, Alisa. The polls opened today, July 28th, 2026, at 12:00 P.M. Eastern Time for voting on all matters before the meeting. If you have not already voted and wish to do so, the polls will remain open until we finish presenting the proposals. You do not need to vote during the meeting if you have already voted and do not wish to change your vote. On the virtual meeting webpage, you will find the agenda and rules of conduct for this meeting. Note that only stockholders who are logged into the meeting using their 16-digit control number will be able to vote and submit questions at today's meeting. As Corporate Secretary, I will file the proof of mailing of notice of the meeting with the records of the meeting.

All stockholders of record at the close of business on June 2nd, 2026, or holders of a valid proxy are entitled to vote at this meeting. The board of directors has appointed a representative of Broadridge Financial Solutions, Richard Hanrahan, to act as Inspector of Election at today's meeting. Mr. Hanrahan has signed the customary oath of office to execute his duties with strict impartiality. We will file this oath with the records of the meeting. I have been informed that a quorum is present, therefore, I hereby declare that this meeting to be duly constituted for the transaction of business. We will now proceed with the formal business of the meeting. There are six proposals to be considered by the stockholders at this meeting. For Proposals 1, 2, 3, 5, and 6, the company's board recommends that the stockholders vote for each of these proposals.

For Proposal 4, the company's board recommends that the stockholders vote every 1 year. The first item of business is the election of Andy Bird, Ignacio Figueras, Jonathan Headley, Daniel Leff, Jim Lygopoulos, Debra O'Connell, Cathleen Taff, and Justin Warbrooke to serve as directors of the company for a term of office expiring at the annual meeting of stockholders to be held in 2027. The second item is the ratification of the audit committee's appointment of PricewaterhouseCoopers, LLP, as the independent registered public accounting firm of the company for the fiscal year ending September 30th, 2026. The third item of business is a non-binding advisory vote on compensation of our named executive officers. The fourth item is a non-binding advisory vote on the frequency of future advisory votes on compensation of our named executive officers.

The fifth item is the approval of an amendment to the company's 2020 Equity Incentive Plan to, among other things, increase the number of shares available for issuance. The sixth item is the approval of an amendment to the company's certificate of incorporation to remove additional voting requirements that apply to the removal of directors designated by Hulu, LLC. That was the final proposal for today's meeting. If you wish to vote and you haven't already, please vote now by clicking on the voting button on the web portal and following the instructions. You do not need to vote electronically if you have already sent in your signed proxy or if you have voted by telephone or internet. We will pause for approximately 30 seconds before closing the voting polls. The time is now 12:05 P.M., and the polls are now closed for voting.

We have received the preliminary report of the Inspector of Election to be kept with the company's records of the annual meeting. Based on this preliminary report of the Inspector of Election, all 8 nominees to the board have been elected as directors. The appointment of PricewaterhouseCoopers, LLP as our independent registered public accounting firm for the fiscal year ending September 30th, 2026, has been ratified. The advisory vote on executive compensation has been approved. The frequency of every 1 year for future advisory votes on the executive compensation has been approved. The amendment to the company's 2020 Equity Incentive Plan has been approved, and the amendment to the company's certificate of incorporation has been approved. The final tally of the votes will be published within 4 business days in a current report on Form 8-K to be filed with the Securities and Exchange Commission.

Additionally, as noted in the announcement of Mrs. Bowen's appointment as Chief Executive Officer, we expect she will be appointed to serve as a member of the board at its next regularly scheduled meeting. This concludes the formal business of the annual meeting, and the meeting is now adjourned. At this time, I would like to turn the call over to Ameet Padte, SVP of Investor Relations, to open the line for Q&A.

Thank you, Gina. I'd like to note that management's remarks today and the responses to questions may include forward-looking statements. Actual results may differ materially from those indicated by these statements due to various important factors, including those discussed in the company's Form 10-K, 10-Qs, and other reports on file with the SEC. Any forward-looking statements represent our views only as of today. We undertake no obligation to update them. Please also note that we will only be answering questions that are within the parameters of the rules of conduct.

John Janedis, Fubo's CFO, and I are now available to answer any questions. Ameet, are there any questions that have been submitted?

No, there are no questions. Please proceed with your closing remarks.

This concludes our annual meeting. On behalf of Fubo's management team and the board of directors, I want to thank you for attending and for your interest and support of the company. It is a privilege to join Fubo as chief executive officer at such an important moment in the company's evolution. I'm excited about the opportunities ahead, and I look forward to working with our talented team to build on Fubo's strong foundation, further sharpen our strategy, and to continue delivering value for our subscribers, our partners, and our stockholders. Thank you. This concludes today's meeting.