Paramount Skydance exceeded analyst expectations in its first-quarter 2026 financial results.
The company reported earnings per share of $0.23, surpassing the $0.15 consensus estimate. Revenue reached $7.35 billion, beating the anticipated $7.25 billion. The direct-to-consumer streaming business grew by 11% during the period.
Adjusted EBITDA increased 59% year-over-year to $1.16 billion. Post-merger cost-cutting measures drove the significant EBITDA growth.
Management reaffirmed the full-year outlook despite second-quarter revenue guidance falling below Wall Street estimates. PSKY shares rose in after-hours trading following the announcement.