Paramount Skydance (PSKY) earnings Q1 2026
Paramount Skydance Beats Wall Street revenue and earnings estimates first quarter On Monday, the media company received support from its broadcast and film businesses.
The company reported revenue of about $7.35 billion in the first quarter, up 2% from the prior year, driven by its overall streaming business, which includes Paramount+ as well as BET+ and free, ad-supported service Pluto.
The publishing unit’s revenue increased by 11% compared to the same period last year, reaching $2.4 billion. Paramount+, the flagship of the company’s streaming portfolio, added 700,000 subscribers during the quarter and increased revenue 17% from a year earlier.
In total, Paramount+ had approximately 80 million subscribers; The latest quarterly growth comes despite price increases on Paramount+ plans in January, the platform’s first since August 2024.
Paramount’s movie studio revenue increased 11% from the previous year to approximately $1.28 billion. “Scream 7” helped increase revenue and became the highest-grossing film in the horror film franchise.
The company said it has nearly doubled its 2026 movie count compared to 2025 since the merger with Paramount closed. David EllisonAt last year’s Skydance.
But like its peers, Paramount’s TV media business, which includes the CBS broadcast network as well as cable channels like Nickelodeon, MTV and BET, has remained under pressure as cable cuts continue. The segment reported revenue of $3.67 billion, down 6% from the same quarter last year.
Here’s how Paramount Skydance performed in the first quarter compared to Wall Street estimates compiled by LSEG:
- Earnings per share: 23 cents adjusted, 15 cents expected
- Revenues: 7.35 billion dollars, while the expectation was 7.28 billion dollars
This marks the first quarter Paramount Skydance has reported under a new structure that includes a restructuring of direct-to-consumer streaming, studios and TV media expense allocations. As part of the changes, the company restated financial statements for prior periods.
Paramount reported net earnings of $168 million, or 15 cents per share, in the first quarter, compared with net earnings of $152 million, or 22 cents per share, a year ago under its so-called predecessor company before the merger.
Adjusting for one-time, transaction-related items, Paramount reported adjusted earnings per share of 23 cents.
The company on Monday reaffirmed its full-year outlook for revenue of $30 billion and adjusted earnings before interest, taxes, depreciation and amortization of $3.8 billion.
Earnings report coming nine months after the merger The deal between Paramount and Skydance has closed and a proposed acquisition has taken place as the company is in the midst of closing another deal. Warner Bros. Discovery.
The company expects the deal with WBD to be completed by the end of the third quarter. The acquisition received approval from WBD’s shareholders in April and is currently under regulatory review. Paramount Skydance agreed to acquire WBD for $31 per share, all in cash, and has recently been lining up debt and equity commitments from outside investors.
As part of the merger between Paramount and Skydance, the company said it expects to save $3 billion. On Monday, Paramount confirmed that it is on track to make such cuts through 2027, with more than $2.5 billion in cuts expected by the end of 2026.
Paramount Skydance plans to unify its technology stack and platforms for its three streaming platforms by mid-year. Overall, improving streaming technology has been Paramount’s focus since Ellison merged the companies.
