Paramount Skydance (PSKY) earnings Q1 2026

Key Points:

• Paramount Skydance reported first-quarter revenue of nearly $7.35 billion, surpassing Wall Street estimates, driven by an 11% growth in its streaming business to $2.4 billion and an 11% increase in film studio revenue to about $1.28 billion.
• Paramount+ added 700,000 subscribers during the quarter, reaching nearly 80 million total subscribers, with revenue growing 17% year over year despite recent price hikes.
• The TV media segment, including CBS and cable channels like Nickelodeon and MTV, saw a 6% revenue decline due to ongoing cord-cutting trends.
• The company posted adjusted earnings per share of 23 cents, beating the expected 15 cents, and reaffirmed its full-year outlook of $30 billion in revenue and $3.8 billion in adjusted EBITDA.
• Paramount Skydance is progressing on its $31 billion all-cash acquisition of Warner Bros. Discovery, expected to close by the end of the third quarter, and aims to achieve $3 billion in cost savings by 2027 through consolidation and operational efficiencies.