Paramount Skydance (PSKY) News Today

Paramount Skydance Corporation (NASDAQ: PSKY) moved higher as investors weighed a quarterly earnings beat and improved profit outlook against continued uncertainty surrounding its proposed Warner Bros. Discovery acquisition.

• Positive Sentiment: Quarterly earnings topped expectations. Paramount reported second-quarter EPS of $0.18, above the $0.15 consensus estimate, on revenue of $6.91 billion. Reuters earnings report
• Positive Sentiment: Streaming and studio operations continued to improve. Growth in streaming and studio revenue helped offset weakness in the traditional television business, supporting the company’s strategy of shifting toward streaming. Wall Street Journal streaming growth article
• Positive Sentiment: Management raised its full-year 2026 adjusted EBITDA outlook. The company also forecast third-quarter revenue of $7.0 billion to $7.2 billion and full-year revenue of approximately $30.0 billion, broadly in line with analyst expectations. CNBC earnings and outlook article
• Neutral Sentiment: The Warner Bros. Discovery merger remains unresolved. A federal judge scheduled the antitrust trial to begin March 2, 2027. CEO David Ellison said Paramount is “absolutely open” to a settlement while maintaining that the company expects to prevail at trial. Deadline merger lawsuit article
• Negative Sentiment: Linear television remains a major weakness. Continued declines in the legacy TV business limited the quarter’s overall growth and highlight the execution risks facing Paramount’s transition to streaming. New York Post earnings article
• Negative Sentiment: The antitrust case could create substantial costs and delay the deal. Reports indicate Paramount’s financial backers could owe more than $1 billion to WBD shareholders under the transaction’s ticking-fee provisions if closing is delayed until the trial. Business Insider merger cost article