PSKY is trading at $12.11 (+8.32%) in pre-market after reports that Paramount Skydance won the bid to acquire Warner Bros. Discovery, outbidding competitor Netflix.
- The M&A news has successfully overridden the negative sentiment from the February 25 earnings report, which saw the company miss estimates with $8.15B in revenue and a $0.52 per share loss.
- Shares are rebounding from a previous close of $11.18 as investors prioritize the Reuters report of the winning bid over the company's recently issued weak Q1 2026 guidance.