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FuboTV Inc.（FUBO）与HUBSPOT INC（HUBS）财务数据对比。点击上方公司名可切换其他公司
FuboTV Inc.的季度营收约是HUBSPOT INC的1.8倍（$1.5B vs $846.7M），HUBSPOT INC净利率更高（6.4% vs -0.4%，领先6.8%），FuboTV Inc.同比增速更快（249.4% vs 20.4%），HUBSPOT INC自由现金流更多（$234.0M vs $-200.8M），过去两年FuboTV Inc.的营收复合增速更高（94.3% vs 17.1%）
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。
HubSpot Inc.是总部位于美国马萨诸塞州剑桥市的企业服务提供商，2006年由布莱恩·哈利根与达尔梅什·沙阿联合创立，专注于研发和推广适配营销、销售及客户服务全场景的软件产品，为全球各规模企业的数字化运营提供工具支持。
FUBO vs HUBS — 直观对比
营收规模更大
FUBO
是对方的1.8倍
$846.7M
营收增速更快
FUBO
高出229.0%
20.4%
净利率更高
HUBS
高出6.8%
-0.4%
自由现金流更多
HUBS
多$434.8M
$-200.8M
两年增速更快
FUBO
近两年复合增速
17.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $846.7M |
| 净利润 | $-6.0M | $54.4M |
| 毛利率 | — | 83.7% |
| 营业利润率 | -1.3% | 5.7% |
| 净利率 | -0.4% | 6.4% |
| 营收同比 | 249.4% | 20.4% |
| 净利润同比 | 84.5% | 992.2% |
| 每股收益（稀释后） | $-0.02 | $1.03 |
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FUBOHUBS
| Q4 25 | $1.5B | $846.7M | ||
| Q3 25 | $377.2M | $809.5M | ||
| Q2 25 | $380.0M | $760.9M | ||
| Q1 25 | $416.3M | $714.1M | ||
| Q4 24 | — | $703.2M | ||
| Q3 24 | $386.2M | $669.7M | ||
| Q2 24 | $391.0M | $637.2M | ||
| Q1 24 | $402.3M | $617.4M |
净利润FUBOHUBS
| Q4 25 | $-6.0M | $54.4M | ||
| Q3 25 | $-18.9M | $16.5M | ||
| Q2 25 | $-8.0M | $-3.3M | ||
| Q1 25 | $188.5M | $-21.8M | ||
| Q4 24 | — | $5.0M | ||
| Q3 24 | $-52.4M | $8.1M | ||
| Q2 24 | $-25.3M | $-14.4M | ||
| Q1 24 | $-56.0M | $5.9M |
毛利率FUBOHUBS
| Q4 25 | — | 83.7% | ||
| Q3 25 | — | 83.5% | ||
| Q2 25 | — | 83.9% | ||
| Q1 25 | — | 83.9% | ||
| Q4 24 | — | 85.3% | ||
| Q3 24 | — | 85.2% | ||
| Q2 24 | — | 85.0% | ||
| Q1 24 | — | 84.6% |
营业利润率FUBOHUBS
| Q4 25 | -1.3% | 5.7% | ||
| Q3 25 | -5.3% | 1.4% | ||
| Q2 25 | -1.6% | -3.2% | ||
| Q1 25 | -6.1% | -3.8% | ||
| Q4 24 | — | -1.5% | ||
| Q3 24 | -15.2% | -1.4% | ||
| Q2 24 | -9.1% | -3.8% | ||
| Q1 24 | -15.7% | -3.8% |
净利率FUBOHUBS
| Q4 25 | -0.4% | 6.4% | ||
| Q3 25 | -5.0% | 2.0% | ||
| Q2 25 | -2.1% | -0.4% | ||
| Q1 25 | 45.3% | -3.1% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | -13.6% | 1.2% | ||
| Q2 24 | -6.5% | -2.3% | ||
| Q1 24 | -13.9% | 1.0% |
每股收益（稀释后）FUBOHUBS
| Q4 25 | $-0.02 | $1.03 | ||
| Q3 25 | $-0.06 | $0.31 | ||
| Q2 25 | $-0.02 | $-0.06 | ||
| Q1 25 | $0.55 | $-0.42 | ||
| Q4 24 | — | $0.09 | ||
| Q3 24 | $-0.16 | $0.16 | ||
| Q2 24 | $-0.08 | $-0.28 | ||
| Q1 24 | $-0.19 | $0.12 |
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 | $882.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $275.5M | $2.1B |
| 总资产 | $4.1B | $3.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FUBOHUBS
| Q4 25 | $452.4M | $882.2M | ||
| Q3 25 | — | $614.4M | ||
| Q2 25 | $283.6M | $601.2M | ||
| Q1 25 | $321.6M | $625.0M | ||
| Q4 24 | — | $512.7M | ||
| Q3 24 | $146.2M | $410.1M | ||
| Q2 24 | $155.2M | $797.9M | ||
| Q1 24 | $168.9M | $447.8M |
股东权益FUBOHUBS
| Q4 25 | $275.5M | $2.1B | ||
| Q3 25 | $915.3M | $1.9B | ||
| Q2 25 | $400.4M | $2.1B | ||
| Q1 25 | $389.0M | $2.0B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $905.3M | $1.8B | ||
| Q2 24 | $254.2M | $1.6B | ||
| Q1 24 | $236.1M | $1.4B |
总资产FUBOHUBS
| Q4 25 | $4.1B | $3.9B | ||
| Q3 25 | $1.3B | $3.5B | ||
| Q2 25 | $1.2B | $3.7B | ||
| Q1 25 | $1.2B | $3.9B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | $1.1B | $3.6B | ||
| Q2 24 | $1.1B | $3.4B | ||
| Q1 24 | $1.1B | $3.2B |
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 | $247.4M |
| 自由现金流经营现金流 - 资本支出 | $-200.8M | $234.0M |
| 自由现金流率自由现金流/营收 | -13.0% | 27.6% |
| 资本支出强度资本支出/营收 | 0.0% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 4.55× |
| 过去12个月自由现金流最近4个季度 | $-81.3M | $707.6M |
8季度趋势，按日历期对齐
经营现金流FUBOHUBS
| Q4 25 | $-200.3M | $247.4M | ||
| Q3 25 | $-6.5M | $187.4M | ||
| Q2 25 | $-34.6M | $164.4M | ||
| Q1 25 | $161.4M | $161.6M | ||
| Q4 24 | — | $194.1M | ||
| Q3 24 | $235.0K | $159.5M | ||
| Q2 24 | $-32.3M | $117.8M | ||
| Q1 24 | $-67.3M | $127.1M |
自由现金流FUBOHUBS
| Q4 25 | $-200.8M | $234.0M | ||
| Q3 25 | $-6.5M | $177.0M | ||
| Q2 25 | $-35.0M | $148.3M | ||
| Q1 25 | $161.1M | $148.2M | ||
| Q4 24 | — | $181.4M | ||
| Q3 24 | $-1.3M | $148.4M | ||
| Q2 24 | $-32.5M | $109.6M | ||
| Q1 24 | $-67.4M | $121.2M |
自由现金流率FUBOHUBS
| Q4 25 | -13.0% | 27.6% | ||
| Q3 25 | -1.7% | 21.9% | ||
| Q2 25 | -9.2% | 19.5% | ||
| Q1 25 | 38.7% | 20.8% | ||
| Q4 24 | — | 25.8% | ||
| Q3 24 | -0.3% | 22.2% | ||
| Q2 24 | -8.3% | 17.2% | ||
| Q1 24 | -16.7% | 19.6% |
资本支出强度FUBOHUBS
| Q4 25 | 0.0% | 1.6% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | 0.1% | 2.1% | ||
| Q1 25 | 0.1% | 1.9% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | 0.4% | 1.7% | ||
| Q2 24 | 0.1% | 1.3% | ||
| Q1 24 | 0.0% | 1.0% |
现金转化率FUBOHUBS
| Q4 25 | — | 4.55× | ||
| Q3 25 | — | 11.33× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | 38.96× | ||
| Q3 24 | — | 19.59× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 21.42× |
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% |
HUBS
| Subscription And Circulation | $829.0M | 98% |
| Services | $17.8M | 2% |
