Paramount Skydance Exceeds Expectations Through Streaming and Cinema

The group resulting from the merger is showing strong results in the first quarter, supported by the growth of Paramount and the success of its productions, while confirming its annual targets.

Paramount Skydance has reported results exceeding expectations, with a revenue of 7.35 billion dollars, up 2% from the previous year, surpassing the anticipated 7.28 billion. Earnings per share reached $0.23, against a forecast of $0.15. The performance is driven by streaming, with revenues increasing by 11% to $2.4 billion, including a 17% increase for Paramount and a gain of 700,000 subscribers, bringing the total to nearly 80 million. The stock rose by about 1.5% during after-hours trading.

The cinema business also contributed to the growth, with revenues up by 11% to $1.28 billion, mainly due to the success of “Scream 7.” However, traditional television continues to decline, with a 6% drop in revenue to $3.67 billion, affected by cord-cutting trends. Net income reached $168 million, compared to $152 million a year ago, in a context of reorganization after the merger with Skydance.

The group confirmed its annual targets, aiming for $30 billion in revenue and $3.8 billion in adjusted EBITDA. It is also continuing its acquisition project of Warner Bros. Discovery, valued at $31 per share, with completion expected by the end of the third quarter. Additionally, Paramount Skydance maintains its goal of $3 billion in savings by 2027, focusing on streamlining its platforms and developing streaming services.