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Paramount Q1 2026 Performance
Comparison of Q1 revenue and earnings against initial company projections.
Primary Sources
Paramount Reports First Quarter 2026 Financial Results
LOS ANGELES and NEW YORK, May 4, 2026 -- Paramount Skydance Corporation (Nasdaq: PSKY) today announced financial results for the first quarter ending March 31, 2026.An audio replay of Paramount Skydance Corporation's 1Q26 conference call will be available on May 4 in the Events and Webcasts section of Paramount's Investors homepage.The earnings release and any other information related to the call will be accessible on Paramount's Investors homepage as well.To automatically receive Paramount's latest financial news by email, please visit the Investors homepage and subscribe to email alerts.Below is David Ellison's letter to shareholders, slightly edited for clarity for this post. To read Mr. Ellison's letter in full, which includes Paramount Skydance Corporation's financial presentation, click here.Summary Points:• Q1 revenue of $7.3 billion grew 2% year-over-year, with profitability exceeding our estimates for the quarter; we are reaffirming our full-year outlook of $30 billion in revenue and $3.8 billion in adj. EBITDA1.• DTC revenue1 grew 11% year-over-year to $2.4 billion, led by 17% growth at Paramount+, which added 0.7 million subscribers (+1.9 million, excluding the exit of international hard bundle subscribers); DTC adj. EBITDA improved to $251 million (10% margin); we continue to expect accelerating DTC revenue and profit in 2026.• Our content slate is delivering: Landman is now Paramount+’s most-watched series ever; TheMadison is Taylor Sheridan's strongest and most female-skewing series debut to date with 12.5 million global viewers in its first month; Marshals has reached over 18.5 million global viewers; and Scream 7 is the highest-grossing installment in the franchise's 30-year history.• CBS holds 13 of the top 20 primetime series, including all four of the top new series, Marshals,Sheriff Country, CIA and Boston Blue—an achievement no broadcast network has delivered since the early 1990s.• We are converging our streaming tech stack—on track for a mid-year launch—to deliver a morepersonalized, unified experience and enable continuous improvement across discovery andmonetization.• We remain on track to deliver $3 billion-plus in efficiencies through 2027, with more than $2.5billion in run-rate efficiencies expected by the end of 2026; TV Media adj. EBITDA1 grew 11% to$1.1 billion (29% margin) in Q1 as cost discipline more than offset revenue headwinds.• We have made significant progress toward closing our acquisition of Warner Bros. Discovery ...
Paramount Beats Earnings Ahead of Its WBD Deal - Business Insider
Paramount Skydance CEO David Ellison is engineering a deal to buy Warner Bros. Discovery. Gilbert Flores/Variety via Getty Images 2026-05-04T20:21:00.783Z Paramount Skydance impressed investors in its first-quarter earnings report. The company's earnings came in above expectations. Paramount+ added about 700,000 subscribers last quarter, its first with live UFC matches in the US. Paramount Skydance pleased investors in its first earnings report since agreeing to buy Warner Bros. Discovery. David Ellison's company beat Wall Street's expectations last quarter, thanks to an 11% jump in streaming revenue.Paramount's revenue rose 2% to $7.3 billion in the first quarter, at the upper end of the $7.15 billion to $7.35 billion range the company had said it expected. Analysts polled by Bloomberg were looking for first-quarter revenue of $7.26 billion.The company's adjusted earnings came in at $1.16 billion, above the $900 million to $1 billion range it set and ahead of analysts' $891 million estimate.Shares rose over 3% in early after-hours trading. The stock finished Monday down 5.8% since the Paramount-Skydance merger closed in August. It has lost nearly half its value from last fall's all-time high. UFC fights lure subscribersParamount+ added 700,000 subscribers last quarter as it began showing live UFC matches in the US without pay-per-view, as part of a seven-year, $7.7 billion deal. However, the company said it would have added 1.9 million if not for its decision to exit a bundle internationally.Business Insider reported in January that Paramount+ generated about 1 million signups on the day of its first UFC match.Paramount's namesake streamer now has 79.6 million subscribers, which is ahead of US-only Peacock's 46 million but well behind its top rivals. Disney had 196 million streaming customers when it last shared subscriber figures in September 2025, while Netflix said it had 325 million customers as of the end of 2025.Buying WBD would help Paramount's flagship streamer scale, since the HBO parent had 131.6 million streaming customers at the end of 2025.The Paramount-WBD mega-merger, which has faced opposition from Hollywood stars like JJ Abrams and Ben Stiller, still needs official regulatory approval in the US and abroad.Turning to techEllison is prioritizing technology and streaming in hopes of remaking his century-old media company into a powerhouse for the new era.Paramount's streaming business made strides last year, as global viewing hours gre...
Paramount Making "Great Progress" Warner Bros. Buy, Reaffirms Deal Close
Paramount reported year-over-year growth in both revenue and adjusted EBITDA as CEO David Ellison and his team seek to remake the company they acquired late last summer. At the same time, the ...
Paramount Touts Tech Transformation as WBD Deal Looms
Ellison and his team took few questions about the pending deal, instead focusing on Paramount's current results.
