FUBO will be profitable this year and their P/E will be low once the Disney Merger is completed

FuboTV's key financial metrics for the fiscal year 2024:​

Revenue: $1.622 billion ​

Total Subscribers: Approximately 2.04 million worldwide

Operating Costs: $1.361 billion in subscriber-related expenses ​

Other Costs: $415.2 million (sum of broadcasting and transmission, sales and marketing, technology and development, and general and administrative expenses) ​

Net Profit: Net loss from continuing operations of $177.8 million

However, Fubo will be absorbing Disney’s Hulu TV subscribers which will give Fubo 6.2 million combined. Assuming subscriber growth to 6.2 million, the 70% ownership that Disney will receive, proportional increases in revenue and subscriber-related expenses, and other operating costs remaining constant, the conservative estimate for 2025 earnings will be:

Projected Revenue: $4.84 billion

Projected Subscriber-Related Expenses: $4.14 billion

Projected Net Income: $281.2

Projected Price-to-Earnings (P/E) Ratio based on the current price and 70% Disney ownership: 12.16

Considering an average P/E of 25 in the S&P 500. The price of the stock should currently be at 6.10$, an over 100% increase. This does not include the fact that Fubo will now have leverage to reduce subscriber related expenses due to the amount of subscribers they already have. This also does not include possible raises to the subscription services or increases in subscribers which has been increasing year over year.

TLDR: FUBO is incredibly undervalued considering the merger with Disney.