A360
Key Takeaways✦ Atlas AI
01
Q1 revenue beat estimates by $70 million.
02
Streaming revenue grew 11% year-over-year.
03
Full-year revenue outlook remains $30 billion.
Atlas AI
Paramount Skydance reported first-quarter 2026 results that beat analyst expectations, helped by growth in its streaming and film businesses.
The company posted nearly $7.35 billion in revenue for the quarter, up 2% from a year earlier and above the $7.28 billion estimate compiled by LSEG. Adjusted earnings per share were 23 cents, compared with expectations of 15 cents.
Streaming and studios offset TV media decline
Revenue in the streaming unit rose 11% to $2.4 billion. Paramount+ added 700,000 subscribers during the quarter despite recent price increases, bringing its total subscriber base to nearly 80 million.
Film studio revenue increased 11% to about $1.28 billion, boosted by the performance of "Scream 7."
The TV media segment, which includes CBS and cable channels, reported a 6% revenue decline to $3.67 billion as cord-cutting continued to weigh on traditional pay-TV networks.
Outlook and deal update
Paramount Skydance reaffirmed its full-year outlook of $30 billion in revenue and $3.8 billion in adjusted earnings before interest, taxes, depreciation, and amortization.
The company said it continues to progress toward its proposed acquisition of Warner Bros. Discovery. The deal received shareholder approval in April and remains under regulatory review, with an expected close by the end of the third quarter.
