Quarterly ResultAug 4, 2026, 04:10 PM
Paramount Skydance Q2 Adj. EBITDA +27%; Raises FY26 Outlook
AI Summary
Paramount Skydance Corporation reported strong Q2 2026 financial results, with total revenue reaching $6.91 billion and adjusted EBITDA increasing 27% year-over-year to $1.1 billion. The company raised its full-year 2026 adjusted EBITDA outlook to $3.8-$3.9 billion and expects at least 10% free cash flow conversion. Paramount+ added approximately 2 million subscribers, reaching 81.6 million worldwide, and saw 16% revenue growth. The company continues to prepare for its proposed combination with Warner Bros. Discovery, having secured regulatory clearances in 65 jurisdictions.
Key Highlights
- Q2 2026 Total Revenue: $6.91 billion, up 1% YoY.
- Q2 2026 Adjusted EBITDA: $1.1 billion, up 27% YoY.
- Raised FY26 Adjusted EBITDA outlook to $3.8-$3.9 billion.
- Paramount+ subscribers reached 81.6 million, adding ~2 million in Q2.
- Paramount+ revenue grew 16% YoY; DTC Adjusted EBITDA +44%.
- Studios revenue increased 16% YoY to $1.3 billion.
- TV Media revenue declined 9% YoY to $3.1 billion.
- Ended Q2 with $1.6 billion cash and $15.2 billion gross debt.
Price Impact
More from PSKY