Paramount Skydance Exceeds Revenue and Earnings Expectations with Streaming Growth
Paramount Skydance exceeded analyst expectations for first-quarter revenue and earnings, driven by growth in its streaming business, particularly Paramount+. The company reported $7.35 billion in revenue, up 2% year-over-year, and reaffirmed its full-year revenue outlook of $30 billion. The streaming unit's revenue grew 11% to $2.4 billion, with Paramount+ adding 700,000 subscribers and reaching nearly 80 million total subscribers.
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Topics: earnings merger Paramount Skydance Paramount+ revenue streaming