Paramount Skydance raised its full-year 2026 adjusted EBITDA target to between $3.8 billion and $3.9 billion, citing efficiencies from the Skydance combination, with total expected savings from that deal pegged at $3 billion. The company still projects total 2026 revenue of $30 billion, representing 4% growth year over year. Second-quarter total revenue came in at $6.91 billion, slightly above Wall Street expectations of $6.88 billion, while net earnings attributable to the company were $41 million, or 4 cents per share, down from $57 million, or 8 cents per share, a year earlier. The direct-to-consumer segment, which includes Paramount+, BET+, and Pluto TV, posted a 9% revenue gain to $2.47 billion, the film division grew 16% to $1.31 billion, and TV media slipped 9% to $3.13 billion. Paramount+ added 2 million subscribers to reach 81.6 million globally, and the company guided for third-quarter total revenue between $6.95 billion and $7.15 billion with subscriber growth holding roughly steady. CEO David Ellison also addressed the proposed acquisition of Warner Bros. Discovery, which faces an antitrust lawsuit from a group of U.S. state attorneys general and has an extended outside closing deadline of June 2027, expressing confidence the deal will be completed.
Paramount Skydance Corporation Class B Common StockRaised full-year 2026 adjusted EBITDA target and reported Q2 revenue slightly above expectations.
Warner Bros Discovery IncMentioned as proposed acquisition facing antitrust lawsuit and extended closing deadline.
