Paramount Skydance Beats Q1 on Streaming Growth as WBD Deal Moves Forward
Paramount Skydance topped Q1 2026 expectations with about $7.35B in revenue and 23¢ adjusted EPS, led by streaming strength from Paramount+ (11% revenue growth, ~80M subs). Film revenue rose 11% helped by Scream 7, while TV media declined on cord-cutting. The company reaffirmed full-year guidance of $30B revenue and $3.8B in adjusted EBITDA and remains on track to acquire Warner Bros. Discovery for $31 per share cash, with a late-Q3 close anticipated, plus $3B in cost savings through 2027 and mid-year consolidation of its streaming tech stack.