Paramount Skydance earnings surpass expectations amid merger shifts

The media company reported quarterly revenue of nearly $7.35 billion, up 2% year over year. Results were supported by growth in its direct-to-consumer streaming division, including Paramount+, BET+, and Pluto. The print is mildly positive, showing continued top-line growth in a challenged media environment.

Analysis

The media company reported quarterly revenue of nearly $7.35 billion, up 2% year over year. Results were supported by growth in its direct-to-consumer streaming division, including Paramount+, BET+, and Pluto. The print is mildly positive, showing continued top-line growth in a challenged media environment.