Paramount Skydance Corporation (PSKY) Earnings Call Transcripts

Paramount Skydance Corporation's Latest Earnings Call - Q2 FY2026

In Q2 2026, Paramount Skydance Corporation reported a revenue of $6.8 billion, up 9% year-over-year, and an adjusted EBITDA of $1.1 billion, reflecting a 27% increase. The company raised its full-year adjusted EBITDA guidance to a range of $3.8 billion to $3.9 billion, while maintaining its revenue outlook at $30 billion. Notably, Paramount+ achieved 81.6 million subscribers, with a 16% revenue growth driven by both subscriber additions and increased ARPU, signaling strong momentum in its direct-to-consumer strategy.

Reported metrics

Guidance from management

Management expects DTC revenue to accelerate in the back half of 2026, maintaining a revenue outlook of $30 billion while raising adjusted EBITDA guidance to $3.8-$3.9 billion.

What management said

Great. Thanks, David. We'll now go ahead and take questions from the analyst community, and then we'll open it up in the last few minutes for any final questions we're not able to address.

So our first question comes from Steve Cahall at Wells Fargo, is a general transaction update. Given that Paramount outbid a larger competitor for Warner, I think investors view it as a must-have rather than an opportunistic transaction. Can you give us an update on the path forward? And what is -- what if the WBD transaction doesn't come to fruition? David, maybe take that first one?

What analysts pressed on

Analysts expressed concerns regarding the ongoing decline in linear TV advertising and how Paramount plans to navigate this transition while maintaining profitability in its traditional media segments.

Main topics on the call

• Subscriber Growth and Engagement — Paramount+ added 2 million subscribers in Q2, reaching 81.6 million globally, with a retention rate at its highest ever. Management stated, "We have great momentum... and we expect DTC revenue to accelerate in the back h...
• Financial Performance and Guidance — The company raised its FY 2026 adjusted EBITDA guidance to $3.8-$3.9 billion, citing strong performance and cost management. "We feel really good about how the company executed in the quarter," reflecting management's op...
• Warner Bros. Discovery Transaction Update — Management remains confident in closing the Warner Bros. Discovery deal, having received approvals from 65 regulators. CEO David Ellison stated, "We believe that the facts and the law are on our side," reinforcing their ...
• Content Strategy and Studio Performance — The Studios segment reported a profitable quarter with a 16% revenue increase, driven by a robust film slate and improved marketing efficiency. Ellison noted, "We view our Studios business as a long-term growth driver," ...

Read the full Paramount Skydance Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 9 Paramount Skydance Corporation earnings call transcripts on record, spanning July 31, 2025 to August 4, 2026. Based on this history, Paramount Skydance Corporation reports quarterly. The most recent call on file is dated August 4, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PSKY

Exchange

NasdaqGS

Country

US

Sector

Communication Services

Industry

Media

Calls on record

9

First call

July 31, 2025

Most recent

August 4, 2026

Reporting cadence

quarterly