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Skydance First Earnings Release Post-Warner Deal Q3 2026 Revealed
The Hollywood Reporter • • business
Key Points:
- Skydance reported Q3 earnings with $7 billion in revenue, $73 million in net earnings, and $1 billion in adjusted EBITDA, though these figures exclude Warner Bros. Discovery (WBD) results since the deal closed after the quarter ended.
- The company plans to launch a bundled HBO Max and Paramount+ service by early 2027, signaling a future merger of the streaming platforms similar to Disney’s strategy with Hulu.
- Skydance expects to achieve $5.8 billion in cost savings through corporate overhead reductions, marketing streamlining, technology unification, and procurement efficiencies following the WBD acquisition.
- Despite cost-saving efforts, Skydance intends to maintain a $30 billion annual content spend, aiming to optimize content distribution and monetization across its expanded platform reach.
- An investor day is scheduled for the first half of next year to provide further details on the company’s strategic direction post-acquisition.
