Paramount Skydance reported second-quarter 2026 results with total revenue of $6.9 billion, up 1% year over year, and raised its full-year adjusted EBITDA guidance to a range of $3.8 billion to $3.9 billion. Adjusted EBITDA for the quarter was $1.1 billion, a 27% increase driven by profitability gains across all three business segments and realized merger-related synergies. Net earnings were $41 million, or $0.04 per diluted share, including $153 million in transaction-related costs associated with the pending Warner Bros. Discovery merger. Paramount+ added 2 million net subscribers to reach 81.6 million, with revenue growing 16% to $2.1 billion, while the company expects to achieve $2.7 billion in run-rate efficiencies by year-end. Management also noted that incremental financing costs for the Warner Bros. Discovery deal include bridge fees of $8 million to $9 million per month starting October 1 if the transaction does not close by the end of the third quarter.
Paramount Skydance Corporation Class B Common StockRaised full-year EBITDA guidance and reported strong streaming growth.
Warner Bros Discovery IncMentioned as pending merger partner with transaction costs and financing details.
