Quarterly ResultMay 4, 2026, 04:08 PM
Paramount Skydance Q1 Revenue $7.3B, Adj. EBITDA $1.2B; Reaffirms 2026 Outlook
AI Summary
Paramount Skydance Corporation announced strong financial results for Q1 2026, with revenue growing 2% year-over-year to $7.3 billion and Adjusted EBITDA surging 59% to $1.2 billion, exceeding profitability estimates. The company reaffirmed its full-year 2026 outlook for $30 billion in revenue and $3.8 billion in Adjusted EBITDA. Significant progress was also reported on the acquisition of Warner Bros. Discovery, including securing financing and WBD shareholder approval, with the transaction on track for a Q3 2026 close.
Key Highlights
- Q1 revenue of $7.3 billion, up 2% year-over-year.
- Q1 Adjusted EBITDA of $1.2 billion, up 59% year-over-year.
- DTC revenue grew 11% to $2.4 billion, led by 17% growth at Paramount+.
- Paramount+ added 0.7 million subscribers, reaching 79.6 million.
- Reaffirmed full-year 2026 revenue outlook of $30 billion.
- Reaffirmed full-year 2026 Adjusted EBITDA outlook of $3.8 billion.
- Significant progress on Warner Bros. Discovery acquisition, on track for Q3'26 close.
- On track to deliver $3 billion+ in efficiencies through 2027.