So, you know how streaming companies are supposed to burn cash forever? FuboTV Inc. (FUBO) is trying to write a different script. The sports-first live TV streaming platform just laid out a financial roadmap that ends with the company being net cash positive by 2027, and investors are cheering. The stock jumped more than 25% on Monday.

The excitement stems from the company's newly disclosed adjusted EBITDA outlook. For the fiscal year 2026, FuboTV expects to generate between $80 million and $100 million. But the real eye-opener is the target for FY28: at least $300 million. That implies a compound annual growth rate of over 80% from the $59 million in adjusted EBITDA it reported for 2025. It's a bold projection, but it's the kind of growth story that gets traders' attention.

The guidance doesn't stop there. The company also projects it will turn free cash flow positive in fiscal year 2027 and again in FY28 under its current operating plan. Perhaps most importantly, FuboTV believes it has sufficient liquidity to fund its operations and growth all the way through 2028 without needing to raise more money, putting it on a path to that coveted net cash position. To back that up, the company expects to end FY26 with at least $200 million in cash on hand. Its debt sits at about $323 million, with no maturities until 2029, giving it a long runway.

This optimistic outlook comes after a year where the company is still losing money, but making progress. For 2025, FuboTV reported a net loss of $178 million alongside that $59 million in adjusted EBITDA. The recent quarterly snapshot from February showed both promise and pain. Fourth-quarter FY26 revenue surged 40% year-over-year to $1.549 billion, which handily beat analyst expectations. On a pro forma basis—which gives effect to Fubo's combination with The Walt Disney Company's (DIS) Hulu + Live TV business—revenue was $1.683 billion, up from $1.588 billion a year earlier.

However, the company reported a loss of 2 cents per share, which was a penny worse than Wall Street had anticipated. In that same announcement, FuboTV also revealed plans for a reverse stock split of its Class A and Class B common stock, with a ratio ranging from one-for-eight to one-for-twelve. The final decision rests with the company's board.

Analysts, for their part, seem to be buying the long-term story—or at least parts of it. The stock carries a consensus Buy rating with an average price target of $35.86. Recent moves by research firms show a mix of new coverage and adjustments:

• Citizens: Initiated with a Market Outperform rating and a $13.00 target (March 30).
• B. Riley Securities: Initiated with a Buy rating and an $18.00 target (March 27).
• Needham: Maintained a Buy rating but lowered its price target to $15.00 (March 27).

On the technical side, Monday's big move pushed FuboTV shares to $12.26, according to market data. The stock is now trading above both its 20-day and 100-day simple moving averages, which suggests a bullish short-term trend. At that price, it's also about 17% above its 52-week low of $8.31. That's the good news. The not-so-good news is the 12-month chart, which shows the stock is still down nearly 65% over the past year, a reminder of the significant challenges it has faced.

For traders watching the levels, key resistance sits around $12.00—a point where selling pressure might emerge. On the flip side, key support is seen around $10.50, which could be an area for buyers to step in if the stock pulls back.

So, what's the takeaway? FuboTV is making a very public promise: we have a plan to stop burning cash and start generating it, and we won't need to come back to the market with our hand out. Investors are betting, at least for today, that the company can deliver on that promise. The next few years will show if this roadmap leads to profitability or just another detour.