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Paramount Skydance Corp. on Wednesday reported its fourth quarter earnings, as it finds itself in the middle of a renewed push to pry Warner Bros. Discovery away from the streaming giant Netflix.
And with investor interest in the deal sure to be high, the company explained in a letter from CEO David Ellison that it views the megadeal as a key strategic effort: While we are confident in our standalone strategy and growth trajectory for Paramount, we view WBD as an accelerant to achieving these goals more quickly.
PSKY reported revenues of $8.14 billion in Q4, up 2 percent from the predecessor company a year earlier, with operating loss of $339 million and adjusted OIBDA of $612 million. blogherads.adq.push(function () { blogherads .defineSlot( 'medrec', 'gpt-article-mid-article-uid0' ) .setTargeting( 'pos', ["mid-article1","mid-articleX","mid","mid-article"] ) .setTargeting( 'viewable', 'yes' ) .setSubAdUnitPath("ros\/mid-article") .addSize([[300,250],[2,2],[300,251],[620,350],[2,4],[4,2],[320,480],[620,366]]) .setClsOptimization("minsize") ; }); Related Stories Business How High Will Netflix Go in the Hunt for Warner Bros? News David Ellison, Erika Kirk and Kevin O'Leary to Attend State of the Union as Media Personalities Descend on DC
The companys linear TV business faced headwinds, even as its streaming business posts double digit growth. The TV media segment saw revenue fall by 5 percent year over year to $4.7 billion even as direct-to-consumer revenue rose by 10 percent to $2.2 billion. Revenue at Paramount+ rose 17 percent to $1.8 billion, with Paramount+ now hitting 78.9 million subscribers.
In the letter, Ellison also delivered updates on what he calls the companys North Star priorities, including his ambitions in creative, noting deals the company cut with Jon M. Chu and Issa Rae.
He also discussed the companys Paramount One initiative, which is his effort to drive a unified marketing push around critical or tentpole programming.
And notably he mentioned CBS News, where he wrote that transformation is essential given historic lows in media trust.
The goal is to build a modern news organization equipped for the digital age and rooted in facts, rigorous reporting, and audience-first storytelling, Ellison wrote, adding that CBS News streaming platform will be getting new formats and programming. blogherads.adq.push(function () { blogherads .defineSlot( 'medrec', 'gpt-dsk-tab-mid-article2-uid1' ) .setTargeting( 'pos', ["mid","mid-article2","mid-articleX"] ) .setTargeting( 'viewable', 'yes' ) .setSubAdUnitPath("ros\/mid-article2") .addSize([[300,250],[300,251],[620,350],[2,4],[4,2],[320,480],[620,366]]) .setClsOptimization("minsize") ; });
For 2026, the company is projecting of $30 billion, up 4 percent year over year, though it warned that Paramount+ would be impacted from a decision to exit a hard bundle with between four and five million subscribers.
