Paramount Skydance Stock (PSKY) Rises on Strong Earnings and Optimistic Outlook
Paramount Skydance (PSKY) shares surged 6.6% in after-hours trading following its first quarterly report as a merged entity. The media giant posted pro-forma sales of $6.71 billion, flat year-over-year but missing the $6.99 billion consensus. Its Direct-to-Consumer segment grew 17%, while TV Media and Filmed Entertainment revenues declined 12% and 4%, respectively.
Adjusted OIBDA ROSE 10.9% to $952 million, driven by Paramount+ reaching 79 million global subscribers. CEO David Ellison issued bold guidance, projecting Q4 revenue between $8.1 billion and $8.3 billion, above consensus estimates. The company also increased its merger-related cost savings target by $1 billion to $3 billion.
For FY26, Paramount Skydance anticipates $30 billion in revenue, fueled by accelerated growth in its direct-to-consumer business. The upbeat forecast reflects confidence in its content pipeline and expanding subscriber base.
