AMZN vs FUBO: How Amazon and fuboTV Compare (2026)

Same yardstick, side by side (as of July 2026). Valuation lined up like this is most meaningful for two names in the same corner of the market, which these are. Figures are approximate; verify before investing.

Reading it: FUBO is the cheaper of the two on forward earnings, but cheaper is not the same as better. Pair the valuation with growth (how far the forward P/E sits below the trailing P/E) and risk (beta) before you decide.

The metrics above tell you which is the marginally better business. The bigger risk for most people is not picking the slightly worse stock, it is over-concentrating. AMZN and FUBO share themes, so owning both, or adding either to what you already hold, can quietly push a large share of your portfolio into one bet.

This is the part a generic comparison page cannot answer, because it depends on what you own. Connect your brokerage and Walnut shows your real, combined AMZN and FUBO exposure, flags overlap with your existing positions, and tells you if adding one would tip you past a concentration you are comfortable with, read-only by default, with your login staying at your broker. Walnut is not an investment adviser.

Amazon is one of the largest companies in the world, operating across three major business lines. Amazon Web Services (AWS) is the dominant global cloud computing provider, generating around $110 billion in annual revenue and most of the company's operating income. The North America and International e-commerce segments include the Amazon online marketplace, Prime membership, and third-party seller services. Advertising has grown into the third-largest digital ad business in the world (after Google and Meta).

Full AMZN guide

fuboTV Inc. (NYSE: FUBO) is a live-TV streaming platform built around sports. It bundles live sports, news, and entertainment channels delivered over the internet, positioning itself as a cable-replacement service for viewers who want a broad lineup of live games without a traditional satellite or cable subscription. The company makes money in two main ways: recurring subscription fees from its monthly streaming plans, which are the dominant revenue source, and a growing advertising business that monetizes its live-viewing audience through ad-supported inventory across its content. Fubo has historically carried a relatively high monthly average revenue per user for a streaming service because its plans are priced like a pay-TV bundle rather than a single on-demand app.

Full FUBO guide

Both fit overlapping themes, but they are not interchangeable. The useful comparison is which set of drivers and risks you want exposure to.

• AMZN drivers: AWS as the AI infrastructure backbone; Retail margin expansion.
• FUBO drivers: Scale From the Disney Combination; Sports-First Positioning.

A faster-growing, richer-valued name usually swings harder, so it suits a longer horizon and a higher tolerance for volatility; a steadier, more cash-generative business suits a more conservative or income-minded investor. The honest test is which set of risks you could hold through a drawdown: Hyperscaler AI capex is concentrated; if model training demand cools, AWS growth slows. For FUBO, the core risk is economic: live-TV streaming carries very high programming and sports-rights costs, which keep gross margins thin and have historically driven large net losses; Fubo reported roughly $85 million in net losses over the trailing twelve months and a pro forma net loss in Q1 2026 even as adjusted EBITDA turned positive.

Growth-minded investors who believe the theme has years to run tend to accept the richer multiple for more upside; value-minded investors lean toward the cheaper forward earnings and steadier profile. Pick AMZN if you believe its drivers more; FUBO if you believe its. Many investors hold both, but since they share themes, that is a concentrated bet, not diversification. Decide deliberately and check overlap. For the full detail, see the AMZN and FUBO guides.

AMZN. Amazon's headline P/E reflects the aggregate of low-margin retail and high-margin AWS/advertising. The valuation premium is paid for AWS specifically; retail is essentially valued near cost. P/E of 40x is elevated versus the S&P 500 average (~22x), supported by AWS growth re-accelerating.

FUBO. Fubo's financials shifted dramatically after the October 2025 combination with Hulu + Live TV, so trailing reported figures and pro forma combined figures can differ widely and should be read together. The business is still posting GAAP net losses driven by high content and sports-rights costs, even as pro forma adjusted EBITDA has turned positive, which is the gap the profitability thesis hinges on. Market capitalization has been unusually volatile in 2026 and varies by source and date, partly because Disney's roughly 70% ownership reshaped the public float and share structure; treat any single market-cap number as a snapshot rather than a stable anchor.

Headline figures (approximate, early 2026): AMZN shows revenue (ttm) ~$650 billion, operating margin ~10% (AWS materially higher; retail much lower), net income (ttm) ~$60 billion, eps (ttm) ~$5.50; FUBO shows revenue (ttm) ~$5.3 billion (reported); ~$6.2 billion on a pro forma combined basis, north america subscribers ~6.2 million (combined, as of Q1 2026), arpu Subscription ARPU runs high for streaming (priced like a pay-TV bundle, historically in the mid-to-high $80s per month); exact combined figure varies by disclosure, net loss (ttm) ~$85 million reported; Q1 2026 reported net loss ~$19 million (pro forma net loss ~$46 million).

AMZN and FUBO are related but distinct: same themes, different businesses and risks. Neither wins in the abstract; the right pick is whichever thesis you actually believe, sized so you are not over-concentrated in one theme. Walnut can show your combined AMZN and FUBO exposure against your real portfolio. It is not an investment adviser.