Overview
- Paramount Skydance, which reported Monday, beat expectations with $7.35 billion in revenue, 23 cents in adjusted earnings per share, and $1.16 billion in adjusted EBITDA driven by cost cuts and stronger streaming and studio results.
- Direct-to-consumer revenue rose 11% to $2.4 billion as Paramount+ added about 700,000 subscribers to reach 79.6 million, helped by UFC events and January price hikes, though gains were tempered by the exit of lower‑value bundled subscriptions sold through partners.
- Legacy TV kept shrinking as cord cutting hit advertising and affiliate fees, with TV Media revenue down to $3.67 billion, while the studio unit grew 11% to roughly $1.28 billion on titles including Scream 7.
- For the second quarter, management guided revenue of $6.75 billion to $6.95 billion below Wall Street forecasts and warned subscriber counts will be roughly flat as it drops about 2 million international bundle users and laps last year’s big sports and film releases.
- Leaders reaffirmed full‑year targets of $30 billion in revenue and $3.8 billion in adjusted EBITDA, said Pluto TV will shift onto the Paramount+ technology platform by mid‑year, and reiterated plans to close the Warner Bros. Discovery deal by the end of the third quarter and to release 30 films a year once combined, subject to regulatory approval.