Paramount Skydance Lifts 2026 EBITDA View to $3.8 Billion-$3.9 Billion as Q2 Revenue Beats
Updated
Updated · CNBC · Aug 4
Paramount Skydance Lifts 2026 EBITDA View to $3.8 Billion-$3.9 Billion as Q2 Revenue Beats
3 articles · Updated · CNBC · Aug 4
Summary
$6.91 billion in second-quarter revenue topped the $6.88 billion consensus, prompting Paramount Skydance to raise 2026 adjusted EBITDA guidance to $3.8 billion-$3.9 billion from merger-driven savings and better margins.
Streaming drove the beat: direct-to-consumer revenue rose 9% to $2.47 billion, Paramount+ added 2 million subscribers to 81.6 million, and the service posted its best retention quarter on hits and live sports.
Linear TV remained the drag, with TV media revenue down 9% to $3.13 billion, even as film studio revenue climbed 16% to $1.31 billion and cost cuts helped offset pressure.
For the third quarter, the company forecast $6.95 billion-$7.15 billion in revenue and said Paramount+ subscriber additions should be roughly flat from the second quarter.
The results come as Paramount pursues Warner Bros. Discovery; that deal is delayed until as late as June 2027 while a multistate antitrust lawsuit heads to trial in March 2027.