Paramount Skydance Corporation (PSKY) Research

Forward Estimates

EPS Estimates

Current Qtr

$0.18

$0.12$0.35

vs $0.46-61.5%

16 analysts

Next Qtr

$0.22

$0.08$0.33

vs $-0.12+286.0%

17 analysts

Current Yr

$0.64

$0.42$1.05

vs $0.52+22.9%

18 analysts

Next Yr

$0.87

$0.33$1.42

vs $0.64+35.9%

16 analysts

Revenue Estimates

Current Qtr

$6.88B

$6.78B$7.12B

vs $6.85B+0.4%

16 analysts

Next Qtr

$7.03B

$6.92B$7.17B

vs $6.70B+4.8%

16 analysts

Current Yr

$29.85B

$29.25B$30.03B

vs $28.89B+3.3%

19 analysts

Next Yr

$30.33B

$29.25B$31.64B

vs $29.85B+1.6%

19 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for PSKY on EDGAR.

PSKY filing events and research context
Filed	Item	Context
Feb 25, 2026	business	Paramount Skydance Corporation is a global media and entertainment conglomerate controlled by the Ellison family. The company operates through three primary segments: TV Media, Direct-to-Consumer, and a newly consolidated Studios segment. TV Media encompasses the CBS broadcast network, owned stations, and cable brands including Nickelodeon, MTV, and BET, generating revenue via advertising and affiliate fees. The Direct-to-Consumer segment focuses on subscription and ad-supported growth through Paramount+, Pluto TV, and BET+. The Studios segment integrates Paramount Pictures, Skydance’s animation and interactive divisions, and TV studio operations to produce and license content globally. A critical strategic priority is the pending cash tender offer for Warner Bros. Discovery, with a revised price of $31.00 per share, intended to block a merger between Warner Bros. and Netflix. This acquisition is supported by $57.5 billion in debt and $46.6 billion in equity commitments. The company operates in a highly competitive landscape, vying for creative talent, intellectual property, and advertising spend against other major studios and streaming platforms. Key risks include the execution of the Warner Bros. acquisition and the ongoing industry shift in audience consumption from traditional linear television to digital streaming.
Feb 25, 2026	mda	Paramount Skydance Corporation (PSKY) formed on August 7, 2025, through the merger of Paramount Global and Skydance, with the Ellison Family as the controlling stockholder. The company is pursuing aggressive expansion via a cash tender offer for Warner Bros. Discovery at $31.00 per share, supported by $57.5 billion in debt and $46.6 billion in equity commitments. Pro forma 2025 revenues decreased 3% to $29.39 billion, primarily driven by an 11% decline in advertising revenues resulting from a weakening linear market and the absence of a rotational Super Bowl broadcast. This was partially offset by a 4% increase in affiliate and subscription revenues, as Paramount+ grew to 78.9 million subscribers. Theatrical revenues fell 23% due to the release mix. PSKY is executing a significant operational transformation, recording $650 million in severance costs during the successor period and projecting $800 million in additional transformation costs for 2026. Financial risks include $13.66 billion in total debt and exposure to macroeconomic volatility, specifically tariffs impacting the advertising market. Previous asset instability is highlighted by a $6.13 billion goodwill impairment charge to the Cable Networks unit in 2024.
Feb 25, 2026	risk_factors	Paramount Skydance Corporation faces substantial risks, primarily centered on its highly competitive and capital-intensive streaming business, including Paramount+, Pluto TV, and BET+. Achieving profitability and scale in this segment is challenging due to intense competition for content, subscribers, and advertising. Advertising revenues are particularly vulnerable to macroeconomic downturns, audience fragmentation driven by the shift to digital platforms, evolving measurement methodologies, and increasing global privacy regulations, which also contribute to expected continued declines in linear viewership. The company faces escalating content costs due to fierce competition for creative talent and intellectual property. Labor disputes, exemplified by the 2023 WGA and SAG-AFTRA strikes, pose significant threats of production delays and increased expenses. The recent integration of Skydance Media introduces complex operational challenges, including potential for unanticipated costs, difficulties in realizing synergies, and retaining key personnel. Extensive and evolving regulatory oversight, particularly from the FCC and global data privacy laws, could result in substantial compliance costs or fines. Cybersecurity threats and potential asset impairment charges on goodwill and content also present financial risks. Furthermore, the company's dual-class capital structure and concentrated control by the Ellison Family significantly limit Class B stockholders' voting influence, potentially impacting stock price and liquidity. Ongoing lawsuits related to the Skydance transactions add further financial and operational uncertainty.

Filed

Item

Context

Feb 25, 2026

business

Paramount Skydance Corporation is a global media and entertainment conglomerate controlled by the Ellison family. The company operates through three primary segments: TV Media, Direct-to-Consumer, and a newly consolidated Studios segment. TV Media encompasses the CBS broadcast network, owned stations, and cable brands including Nickelodeon, MTV, and BET, generating revenue via advertising and affiliate fees. The Direct-to-Consumer segment focuses on subscription and ad-supported growth through Paramount+, Pluto TV, and BET+. The Studios segment integrates Paramount Pictures, Skydance’s animation and interactive divisions, and TV studio operations to produce and license content globally. A critical strategic priority is the pending cash tender offer for Warner Bros. Discovery, with a revised price of $31.00 per share, intended to block a merger between Warner Bros. and Netflix. This acquisition is supported by $57.5 billion in debt and $46.6 billion in equity commitments. The company operates in a highly competitive landscape, vying for creative talent, intellectual property, and advertising spend against other major studios and streaming platforms. Key risks include the execution of the Warner Bros. acquisition and the ongoing industry shift in audience consumption from traditional linear television to digital streaming.

Feb 25, 2026

mda

Paramount Skydance Corporation (PSKY) formed on August 7, 2025, through the merger of Paramount Global and Skydance, with the Ellison Family as the controlling stockholder. The company is pursuing aggressive expansion via a cash tender offer for Warner Bros. Discovery at $31.00 per share, supported by $57.5 billion in debt and $46.6 billion in equity commitments. Pro forma 2025 revenues decreased 3% to $29.39 billion, primarily driven by an 11% decline in advertising revenues resulting from a weakening linear market and the absence of a rotational Super Bowl broadcast. This was partially offset by a 4% increase in affiliate and subscription revenues, as Paramount+ grew to 78.9 million subscribers. Theatrical revenues fell 23% due to the release mix. PSKY is executing a significant operational transformation, recording $650 million in severance costs during the successor period and projecting $800 million in additional transformation costs for 2026. Financial risks include $13.66 billion in total debt and exposure to macroeconomic volatility, specifically tariffs impacting the advertising market. Previous asset instability is highlighted by a $6.13 billion goodwill impairment charge to the Cable Networks unit in 2024.

Feb 25, 2026

risk_factors

Paramount Skydance Corporation faces substantial risks, primarily centered on its highly competitive and capital-intensive streaming business, including Paramount+, Pluto TV, and BET+. Achieving profitability and scale in this segment is challenging due to intense competition for content, subscribers, and advertising. Advertising revenues are particularly vulnerable to macroeconomic downturns, audience fragmentation driven by the shift to digital platforms, evolving measurement methodologies, and increasing global privacy regulations, which also contribute to expected continued declines in linear viewership. The company faces escalating content costs due to fierce competition for creative talent and intellectual property. Labor disputes, exemplified by the 2023 WGA and SAG-AFTRA strikes, pose significant threats of production delays and increased expenses. The recent integration of Skydance Media introduces complex operational challenges, including potential for unanticipated costs, difficulties in realizing synergies, and retaining key personnel. Extensive and evolving regulatory oversight, particularly from the FCC and global data privacy laws, could result in substantial compliance costs or fines. Cybersecurity threats and potential asset impairment charges on goodwill and content also present financial risks. Furthermore, the company's dual-class capital structure and concentrated control by the Ellison Family significantly limit Class B stockholders' voting influence, potentially impacting stock price and liquidity. Ongoing lawsuits related to the Skydance transactions add further financial and operational uncertainty.

Forward Estimates

PSKY filing events and research context

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