Paramount Skydance Lifts Profit Outlook After Streaming Gains

The company’s streaming segment, which includes Paramount+, BET+, and Pluto TV, reached $2.47 billion in revenue, a 9% increase over the previous year. Executives attribute the record-high retention rates to a content slate headlined by the Yellowstone spinoff Dutton Ranch, alongside live sports offerings like UFC and FIFA World Cup matches. These gains pushed the total global subscriber count to 81.6 million.

While the company’s traditional TV media revenue fell 9% to $3.13 billion, management cited aggressive cost-cutting measures and improved creative execution for stabilizing margins. Looking ahead, Paramount Skydance raised its 2026 guidance for adjusted earnings to a range of $3.8 billion to $3.9 billion. This upward revision stems from the anticipated $3 billion in savings projected from the recent merger of Paramount and Skydance. For the third quarter, the company anticipates revenue between $6.95 billion and $7.15 billion, though it expects subscriber growth for Paramount+ to remain flat.