Paramount Skydance reported fourth quarter revenue of $8.15 billion, a 2% increase year-over-year but a slight miss against estimates. The company posted a diluted loss per share of $0.52, significantly wider than analyst expectations. The results were driven by 10% growth in the Direct-to-Consumer segment, offset by a 5% decline in TV Media revenue.

Key Highlights

  • Direct-to-Consumer (DTC) revenue grew 10% year-over-year to $2.2 billion, driven by 17% growth at Paramount+, which ended the quarter with 78.9 million subscribers.
  • The company reaffirmed its full-year 2026 guidance, expecting total revenue of $30 billion and adjusted EBITDA of $3.8 billion.
  • TV Media revenue declined 5% to $4.7 billion, impacted by a 10% drop in advertising revenue and a 7% decrease in affiliate revenue due to pay TV subscriber declines.
  • An updated all-cash offer of $31 per share for Warner Bros. Discovery was deemed a potential "Company Superior Proposal" by WBD's Board.