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FuboTV vs Kartoon Studios: revenue, profit, margins and growth compared

FuboTV brought in $1.6B of revenue in fiscal 2024, Kartoon Studios $39.4M in fiscal 2025. Revenue changed by +18.6% at FuboTV and +20.7% at Kartoon Studios on the year before, so Kartoon Studios grew faster. FuboTV kept -10.6% of its revenue as net profit, Kartoon Studios -62.3%. Free cash flow was -$82.2M at FuboTV and -$11.6M at Kartoon Studios.

Side by side, latest fiscal year

FUBOTOON
Fiscal year endedFY2024 (December 31, 2024)FY2025 (December 31, 2025)
Revenue$1.6B$39.4M
Revenue growth+18.6%+20.7%
Net income-$172.3M-$24.5M
Net margin-10.6%-62.3%
Free cash flow-$82.2M-$11.6M
Free cash flow margin-5.1%-29.4%
Earnings per share (diluted)-$0.54-$0.49
Cash$161.4M$2.9M
Debtn/an/a
Price to earningsn/an/a
Market value$1.1B$36M
Dividend yieldn/an/a
Rank by revenue in sector#389 of 778 · Consumer discretionary#722 of 778 · Consumer discretionary

Over the years

Revenue
FUBO FY2017: $41KFUBO FY2019: $4.3MFUBO FY2020: $217.7MFUBO FY2021: $638.4MFUBO FY2022: $1BFUBO FY2023: $1.4BFUBO FY2024: $1.6BTOON FY2018: $993.5KTOON FY2019: $5.9MTOON FY2020: $2.5MTOON FY2021: $7.9MTOON FY2022: $62.3MTOON FY2023: $44.1MTOON FY2024: $32.6MTOON FY2025: $39.4MFY17FY18FY19FY20FY21FY22FY23FY24FY25
FUBO $1.6BTOON $39.4M
Net income
FUBO FY2017: $10.5MFUBO FY2018: -$10.6MFUBO FY2019: -$34.4MFUBO FY2020: -$570.3MFUBO FY2021: -$382.8MFUBO FY2022: -$561.5MFUBO FY2023: -$287.5MFUBO FY2024: -$172.3MTOON FY2018: -$9MTOON FY2019: -$11.5MTOON FY2020: -$401.7MTOON FY2021: -$126.3MTOON FY2022: -$45.6MTOON FY2023: -$77.1MTOON FY2024: -$20.7MTOON FY2025: -$24.5MFY17FY18FY19FY20FY21FY22FY23FY24FY25
FUBO -$172.3MTOON -$24.5M
Net margin
FUBO FY2017: 25,546.3%FUBO FY2019: -804.5%FUBO FY2020: -261.9%FUBO FY2021: -60.0%FUBO FY2022: -55.7%FUBO FY2023: -21.0%FUBO FY2024: -10.6%TOON FY2018: -906.3%TOON FY2019: -194.3%TOON FY2020: -16,176.8%TOON FY2021: -1,604.1%TOON FY2022: -73.2%TOON FY2023: -174.9%TOON FY2024: -63.6%TOON FY2025: -62.3%FY17FY18FY19FY20FY21FY22FY23FY24FY25
FUBO -10.6%TOON -62.3%
Revenue growth
FUBO FY2020: +4,998.2%FUBO FY2021: +193.2%FUBO FY2022: +58.0%FUBO FY2023: +35.6%FUBO FY2024: +18.6%TOON FY2019: +494.7%TOON FY2020: -58.0%TOON FY2021: +217.1%TOON FY2022: +691.3%TOON FY2023: -29.2%TOON FY2024: -26.1%TOON FY2025: +20.7%FY19FY20FY21FY22FY23FY24FY25
FUBO +18.6%TOON +20.7%
Free cash flow
FUBO FY2017: -$618KFUBO FY2019: $1.6MFUBO FY2020: -$149.2MFUBO FY2021: -$199.3MFUBO FY2022: -$317.8MFUBO FY2023: -$178.7MFUBO FY2024: -$82.2MTOON FY2018: -$8MTOON FY2019: -$6.3MTOON FY2020: -$8.1MTOON FY2021: -$24.1MTOON FY2022: -$26.5MTOON FY2023: -$16.2MTOON FY2024: -$3.6MTOON FY2025: -$11.6MFY17FY18FY19FY20FY21FY22FY23FY24FY25
FUBO -$82.2MTOON -$11.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about FuboTV and Kartoon Studios

Which is bigger by revenue, FuboTV or Kartoon Studios?

FuboTV is bigger by revenue: $1.6B in fiscal 2024, against $39.4M for Kartoon Studios in fiscal 2025.

Which keeps more of its revenue as profit, FuboTV or Kartoon Studios?

FuboTV had a net margin of -10.6% in fiscal 2024; Kartoon Studios had -62.3% in fiscal 2025.

Which grew revenue faster, FuboTV or Kartoon Studios?

In their latest fiscal years revenue changed by +18.6% at FuboTV and +20.7% at Kartoon Studios.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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