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FuboTV Inc.（FUBO）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是FuboTV Inc.的1.1倍（$1.8B vs $1.5B），美泰净利率更高（6.0% vs -0.4%，领先6.4%），FuboTV Inc.同比增速更快（249.4% vs 7.3%），过去两年FuboTV Inc.的营收复合增速更高（94.3% vs 47.7%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
FUBO vs MAT — 直观对比
营收规模更大
MAT
是对方的1.1倍
$1.5B
营收增速更快
FUBO
高出242.1%
7.3%
净利率更高
MAT
高出6.4%
-0.4%
两年增速更快
FUBO
近两年复合增速
47.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.8B |
| 净利润 | $-6.0M | $106.2M |
| 毛利率 | — | 45.9% |
| 营业利润率 | -1.3% | 8.0% |
| 净利率 | -0.4% | 6.0% |
| 营收同比 | 249.4% | 7.3% |
| 净利润同比 | 84.5% | -24.6% |
| 每股收益（稀释后） | $-0.02 | $0.32 |
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FUBOMAT
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $377.2M | $1.7B | ||
| Q2 25 | $380.0M | $1.0B | ||
| Q1 25 | $416.3M | $826.6M | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $386.2M | $1.8B | ||
| Q2 24 | $391.0M | $1.1B | ||
| Q1 24 | $402.3M | $809.5M |
净利润FUBOMAT
| Q4 25 | $-6.0M | $106.2M | ||
| Q3 25 | $-18.9M | $278.4M | ||
| Q2 25 | $-8.0M | $53.4M | ||
| Q1 25 | $188.5M | $-40.3M | ||
| Q4 24 | — | $140.9M | ||
| Q3 24 | $-52.4M | $372.4M | ||
| Q2 24 | $-25.3M | $56.9M | ||
| Q1 24 | $-56.0M | $-28.3M |
毛利率FUBOMAT
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% | ||
| Q1 24 | — | 48.0% |
营业利润率FUBOMAT
| Q4 25 | -1.3% | 8.0% | ||
| Q3 25 | -5.3% | 21.9% | ||
| Q2 25 | -1.6% | 7.7% | ||
| Q1 25 | -6.1% | -6.4% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | -15.2% | 26.5% | ||
| Q2 24 | -9.1% | 7.7% | ||
| Q1 24 | -15.7% | -4.4% |
净利率FUBOMAT
| Q4 25 | -0.4% | 6.0% | ||
| Q3 25 | -5.0% | 16.0% | ||
| Q2 25 | -2.1% | 5.2% | ||
| Q1 25 | 45.3% | -4.9% | ||
| Q4 24 | — | 8.6% | ||
| Q3 24 | -13.6% | 20.2% | ||
| Q2 24 | -6.5% | 5.3% | ||
| Q1 24 | -13.9% | -3.5% |
每股收益（稀释后）FUBOMAT
| Q4 25 | $-0.02 | $0.32 | ||
| Q3 25 | $-0.06 | $0.88 | ||
| Q2 25 | $-0.02 | $0.16 | ||
| Q1 25 | $0.55 | $-0.12 | ||
| Q4 24 | — | $0.40 | ||
| Q3 24 | $-0.16 | $1.09 | ||
| Q2 24 | $-0.08 | $0.17 | ||
| Q1 24 | $-0.19 | $-0.08 |
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 | $1.2B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $275.5M | $2.2B |
| 总资产 | $4.1B | $6.6B |
| 负债/权益比越低杠杆越低 | — | 1.04× |
8季度趋势，按日历期对齐
现金及短期投资FUBOMAT
| Q4 25 | $452.4M | $1.2B | ||
| Q3 25 | — | $691.9M | ||
| Q2 25 | $283.6M | $870.5M | ||
| Q1 25 | $321.6M | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $146.2M | $723.5M | ||
| Q2 24 | $155.2M | $722.4M | ||
| Q1 24 | $168.9M | $1.1B |
总债务FUBOMAT
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益FUBOMAT
| Q4 25 | $275.5M | $2.2B | ||
| Q3 25 | $915.3M | $2.3B | ||
| Q2 25 | $400.4M | $2.2B | ||
| Q1 25 | $389.0M | $2.1B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $905.3M | $2.3B | ||
| Q2 24 | $254.2M | $2.0B | ||
| Q1 24 | $236.1M | $2.0B |
总资产FUBOMAT
| Q4 25 | $4.1B | $6.6B | ||
| Q3 25 | $1.3B | $6.6B | ||
| Q2 25 | $1.2B | $6.2B | ||
| Q1 25 | $1.2B | $6.2B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | $1.1B | $6.5B | ||
| Q2 24 | $1.1B | $5.9B | ||
| Q1 24 | $1.1B | $6.1B |
负债/权益比FUBOMAT
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× | ||
| Q1 24 | — | 1.15× |
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 | $796.6M |
| 自由现金流经营现金流 - 资本支出 | $-200.8M | — |
| 自由现金流率自由现金流/营收 | -13.0% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | — | 7.50× |
| 过去12个月自由现金流最近4个季度 | $-81.3M | — |
8季度趋势，按日历期对齐
经营现金流FUBOMAT
| Q4 25 | $-200.3M | $796.6M | ||
| Q3 25 | $-6.5M | $72.0M | ||
| Q2 25 | $-34.6M | $-300.1M | ||
| Q1 25 | $161.4M | $24.8M | ||
| Q4 24 | — | $862.1M | ||
| Q3 24 | $235.0K | $155.8M | ||
| Q2 24 | $-32.3M | $-252.9M | ||
| Q1 24 | $-67.3M | $35.5M |
自由现金流FUBOMAT
| Q4 25 | $-200.8M | — | ||
| Q3 25 | $-6.5M | — | ||
| Q2 25 | $-35.0M | — | ||
| Q1 25 | $161.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-1.3M | — | ||
| Q2 24 | $-32.5M | — | ||
| Q1 24 | $-67.4M | — |
自由现金流率FUBOMAT
| Q4 25 | -13.0% | — | ||
| Q3 25 | -1.7% | — | ||
| Q2 25 | -9.2% | — | ||
| Q1 25 | 38.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.3% | — | ||
| Q2 24 | -8.3% | — | ||
| Q1 24 | -16.7% | — |
资本支出强度FUBOMAT
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.0% | — |
现金转化率FUBOMAT
| Q4 25 | — | 7.50× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | -5.62× | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | 6.12× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | -4.45× | ||
| Q1 24 | — | — |
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% |
MAT
| North America Segment | $1.0B | 58% |
| International Segment | $745.6M | 42% |
