| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 6.9K | 5.9% | 0.9% |
| Total Income | 6.9K | 5.9% | 0.9% |
| Expenditure | 6.4K | 4.3% | 0.2% |
| PBT | 215.00 | 45.1% | 20.8% |
| Net Profit | 41.00 | 75.6% | 28.1% |
| OPM | 6.87% | 1.51pp | 1.05pp |
| NPM | 0.59% | 1.69pp | 0.24pp |
| EPS | 0.04 | 73.3% | 50.0% |
Paramount Skydance Reports Q2 2026 Results, Raises Full-Year Outlook
05 Aug 2026 · 5 Aug, 1:40 am
Summary
Paramount Skydance Corporation reported Q2 2026 total revenue of $6.9 billion, a 1% increase year-over-year, with Direct-to-Consumer and Studios segments showing growth. The company is raising its full-year 2026 adjusted EBITDA outlook to $3.8-$3.9 billion, representing a 12.8% margin. Paramount+ demonstrated strong performance with 16% revenue growth and record retention, while the Studios segment saw a 16% revenue increase. Management expressed confidence in the strategy and the proposed combination with Warner Bros. Discovery.
Key Highlights
- 1
Paramount+ revenue grew 16% year-over-year in Q2 2026, reaching $2.5 billion in DTC revenue.
- 2
The company is raising its full-year 2026 outlook to a range of $3.8-$3.9 billion in adjusted EBITDA, with an expected 12.8% margin.
- 3
Q2 2026 saw total revenue of $6.9 billion, a 1% increase year-over-year, driven by growth in Direct-to-Consumer and Studios.
- 4
Studios revenue increased 16% year-over-year to $1.3 billion in Q2 2026, reflecting strong third-party deliveries and Skydance licensing revenues.
- 5
TV Media revenue declined 9% year-over-year to $3.1 billion in Q2 2026, but adjusted EBITDA margin improved to 34.0% due to expense management.
- 6
Paramount+ achieved its best quarter for retention in history in Q2 2026, adding approximately 2 million subscribers.
- 7
The company now expects free cash flow conversion of at least 10% for the full year 2026.
Management Comments
David Ellison
One year in, we are proud of the progress we’ve made and confident in our strategy. These results are a testament to our people, whose hard work and dedication have made them possible. Looking ahead, we will build on this momentum and grow our business by investing in great storytelling, better serving audiences, and operating more efficiently to create long-term value for shareholders.
Informational and educational content only. Not investment advice.