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FuboTV Inc.（FUBO）与自由媒体集团（FWONA）财务数据对比。点击上方公司名可切换其他公司
自由媒体集团的季度营收约是FuboTV Inc.的1.0倍（$1.6B vs $1.5B），自由媒体集团净利率更高（20.7% vs -0.4%，领先21.1%），FuboTV Inc.同比增速更快（249.4% vs 150.7%），自由媒体集团自由现金流更多（$62.0M vs $-200.8M），过去两年FuboTV Inc.的营收复合增速更高（94.3% vs -23.5%）
FuboTV Inc.（简称Fubo）是源自美国的互联网体育流媒体服务商，业务覆盖美国、加拿大与西班牙地区。该平台主打各类直播体育内容，可提供英超、NFL、MLB、NBA、NHL、MLS等各大主流顶级体育赛事转播，同时也涵盖新闻、剧集等综合影视娱乐内容。
自由媒体集团是1991年由约翰·C·马龙创立的美国大型传媒企业，旗下设有两大对应独立追踪股票的业务板块，持有一级方程式集团和Live Nation Entertainment的股权，截至2025年拥有F1、世界摩托车锦标赛、世界超级摩托车锦标赛三项全球顶级赛车运动IP及运营业务。
FUBO vs FWONA — 直观对比
营收规模更大
FWONA
是对方的1.0倍
$1.5B
营收增速更快
FUBO
高出98.7%
150.7%
净利率更高
FWONA
高出21.1%
-0.4%
自由现金流更多
FWONA
多$262.8M
$-200.8M
两年增速更快
FUBO
近两年复合增速
-23.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.6B |
| 净利润 | $-6.0M | $333.0M |
| 毛利率 | — | — |
| 营业利润率 | -1.3% | 14.0% |
| 净利率 | -0.4% | 20.7% |
| 营收同比 | 249.4% | 150.7% |
| 净利润同比 | 84.5% | 193.8% |
| 每股收益（稀释后） | $-0.02 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FUBOFWONA
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $377.2M | $1.1B | ||
| Q2 25 | $380.0M | $1.3B | ||
| Q1 25 | $416.3M | $447.0M | ||
| Q4 24 | — | $-3.2B | ||
| Q3 24 | $386.2M | $911.0M | ||
| Q2 24 | $391.0M | $3.2B | ||
| Q1 24 | $402.3M | $2.7B |
净利润FUBOFWONA
| Q4 25 | $-6.0M | $333.0M | ||
| Q3 25 | $-18.9M | $13.0M | ||
| Q2 25 | $-8.0M | $204.0M | ||
| Q1 25 | $188.5M | $5.0M | ||
| Q4 24 | — | $-355.0M | ||
| Q3 24 | $-52.4M | $-2.4B | ||
| Q2 24 | $-25.3M | $457.0M | ||
| Q1 24 | $-56.0M | $203.0M |
营业利润率FUBOFWONA
| Q4 25 | -1.3% | 14.0% | ||
| Q3 25 | -5.3% | 13.7% | ||
| Q2 25 | -1.6% | 20.4% | ||
| Q1 25 | -6.1% | -15.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | -15.2% | 11.7% | ||
| Q2 24 | -9.1% | 16.7% | ||
| Q1 24 | -15.7% | 18.3% |
净利率FUBOFWONA
| Q4 25 | -0.4% | 20.7% | ||
| Q3 25 | -5.0% | 1.2% | ||
| Q2 25 | -2.1% | 15.2% | ||
| Q1 25 | 45.3% | 1.1% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | -13.6% | -259.9% | ||
| Q2 24 | -6.5% | 14.4% | ||
| Q1 24 | -13.9% | 7.4% |
每股收益（稀释后）FUBOFWONA
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.06 | — | ||
| Q2 25 | $-0.02 | — | ||
| Q1 25 | $0.55 | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-0.16 | — | ||
| Q2 24 | $-0.08 | — | ||
| Q1 24 | $-0.19 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $452.4M | $1.1B |
| 总债务越低越好 | — | $5.1B |
| 股东权益账面价值 | $275.5M | $7.8B |
| 总资产 | $4.1B | $15.4B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资FUBOFWONA
| Q4 25 | $452.4M | $1.1B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | $283.6M | $3.4B | ||
| Q1 25 | $321.6M | $3.1B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | $146.2M | $3.1B | ||
| Q2 24 | $155.2M | $2.1B | ||
| Q1 24 | $168.9M | $1.7B |
总债务FUBOFWONA
| Q4 25 | — | $5.1B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $15.0B | ||
| Q1 24 | — | $15.4B |
股东权益FUBOFWONA
| Q4 25 | $275.5M | $7.8B | ||
| Q3 25 | $915.3M | $7.4B | ||
| Q2 25 | $400.4M | $7.3B | ||
| Q1 25 | $389.0M | $7.0B | ||
| Q4 24 | — | $7.0B | ||
| Q3 24 | $905.3M | $7.4B | ||
| Q2 24 | $254.2M | $17.1B | ||
| Q1 24 | $236.1M | $16.6B |
总资产FUBOFWONA
| Q4 25 | $4.1B | $15.4B | ||
| Q3 25 | $1.3B | $17.8B | ||
| Q2 25 | $1.2B | $13.8B | ||
| Q1 25 | $1.2B | $13.3B | ||
| Q4 24 | — | $12.9B | ||
| Q3 24 | $1.1B | $13.2B | ||
| Q2 24 | $1.1B | $42.6B | ||
| Q1 24 | $1.1B | $42.4B |
负债/权益比FUBOFWONA
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.95× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.93× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-200.3M | $123.0M |
| 自由现金流经营现金流 - 资本支出 | $-200.8M | $62.0M |
| 自由现金流率自由现金流/营收 | -13.0% | 3.9% |
| 资本支出强度资本支出/营收 | 0.0% | 3.8% |
| 现金转化率经营现金流/净利润 | — | 0.37× |
| 过去12个月自由现金流最近4个季度 | $-81.3M | $789.0M |
8季度趋势，按日历期对齐
经营现金流FUBOFWONA
| Q4 25 | $-200.3M | $123.0M | ||
| Q3 25 | $-6.5M | $173.0M | ||
| Q2 25 | $-34.6M | $231.0M | ||
| Q1 25 | $161.4M | $381.0M | ||
| Q4 24 | — | $-23.0M | ||
| Q3 24 | $235.0K | $182.0M | ||
| Q2 24 | $-32.3M | $752.0M | ||
| Q1 24 | $-67.3M | $395.0M |
自由现金流FUBOFWONA
| Q4 25 | $-200.8M | $62.0M | ||
| Q3 25 | $-6.5M | $170.0M | ||
| Q2 25 | $-35.0M | $209.0M | ||
| Q1 25 | $161.1M | $348.0M | ||
| Q4 24 | — | $-46.0M | ||
| Q3 24 | $-1.3M | $-153.0M | ||
| Q2 24 | $-32.5M | $566.0M | ||
| Q1 24 | $-67.4M | $194.0M |
自由现金流率FUBOFWONA
| Q4 25 | -13.0% | 3.9% | ||
| Q3 25 | -1.7% | 15.7% | ||
| Q2 25 | -9.2% | 15.6% | ||
| Q1 25 | 38.7% | 77.9% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | -0.3% | -16.8% | ||
| Q2 24 | -8.3% | 17.9% | ||
| Q1 24 | -16.7% | 7.1% |
资本支出强度FUBOFWONA
| Q4 25 | 0.0% | 3.8% | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 0.1% | 1.6% | ||
| Q1 25 | 0.1% | 7.4% | ||
| Q4 24 | — | -0.7% | ||
| Q3 24 | 0.4% | 36.8% | ||
| Q2 24 | 0.1% | 5.9% | ||
| Q1 24 | 0.0% | 7.3% |
现金转化率FUBOFWONA
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | 13.31× | ||
| Q2 25 | — | 1.13× | ||
| Q1 25 | 0.86× | 76.20× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.65× | ||
| Q1 24 | — | 1.95× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FUBO
| Related Party | $1.2B | 75% |
| Subscription And Advertising | $377.9M | 24% |
FWONA
| Formula One | $1.4B | 87% |
| Product Service Or Other | $131.0M | 8% |
| Other | $77.0M | 5% |
