We report the synthesis and comprehensive characterization of polymethylmethacrylate (PMMA)/polyvinylalcohol (PVA) polymeric blend doped with different concentrations of Copper oxide (CuO) nanoparticles (NPs). The PMMA–PVA/CuO nanocomposite hybrid thin films containing wt.% = 0%, 2%, 4%, 8%, and 16% of CuO NPs are deposited on glass substrates via dip-coating technique. Key optical parameters are measured, analyzed, and interpreted. Tauc, Urbach, Spitzer–Fan, and Drude models are employed to calculate the optical bandgap energy (Eg) and the optoelectronic parameters of PMMA–PVA/CuO nanocomposites. The refractive index and Eg of undoped PMMA–PVA are found to be (1.5–1.85) and 4.101 eV, respectively. Incorporation of specific concentrations of CuO NPs into PMMA–PVA blend leads to a considerable decrease in Eg and to an increase of the refractive index. Moreover, Fourier Transform Infrared Spectroscopy (FTIR) transmittance spectra are measured and analyzed for undoped and doped polymeric thin films to pinpoint the major vibrational modes in the spectral range (500 and 4000 cm−1) as well as to elucidate the nature of chemical network bonding. Thermogravimetric analysis (TGA) is conducted under appropriate conditions to ensure the thermal stability of thin films. Doped polymeric thin films are found to be thermally stable below 105 °C. Therefore, controlled tuning of optoelectronic and thermal properties of doped polymeric thin films by introducing an appropriate concentration of inorganic fillers leads to a smart design of scaled multifunctional devices.