Paramount Skydance reported first quarter 2026 revenue of $7.35 billion, up 2% year-over-year and slightly ahead of analyst expectations, while diluted EPS of $0.15 missed estimates. The growth was driven by an 11% increase in the Direct-to-Consumer segment, which also saw a significant improvement in profitability. This strength helped offset a 6% decline in the legacy TV Media segment. The company reaffirmed its full-year 2026 guidance.
Key Highlights
- Direct-to-Consumer (DTC) revenue grew 11% to $2.4 billion, with the segment's adjusted EBITDA improving to $251 million from a loss of $4 million in the prior-year quarter.
- Paramount+ revenue increased 17% year-over-year, adding a net 0.7 million subscribers. Underlying growth was 1.9 million subscribers, which was partially offset by the planned removal of over 1 million international hard bundle subscribers.
- While TV Media revenue declined 6% to $3.7 billion, the segment expanded its adjusted EBITDA margin to 29% from 24% a year ago due to disciplined cost management.
- Paramount Skydance reaffirmed its full-year outlook for revenue of $30 billion and adjusted EBITDA of $3.8 billion.