Paramount Skydance posts mixed Q2 earnings amid upcoming Warner Bros. acquisition trial

Paramount Skydance reported mixed second‑quarter results, with revenue rising 1% to $6.91 billion, slightly above forecasts. Net profit was $41 million, or 4 cents a share, well below analysts’ estimate of $109 million. Streaming revenue reached nearly $2.5 billion, up 9% year‑on‑year, and the Paramount+ service added 2 million subscribers to a total of 81.6 million. Studio revenue was $1.3 billion, helped by strong sales to Netflix and Amazon Prime Video, while the television unit fell 9% to $3.1 billion.

Chief Operating Officer Andy Gordon said the company has merged its streaming services onto a single technology platform. CEO David Ellison highlighted a new multi‑year licensing deal with Mattel for the Teenage Mutant Ninja Turtles brand and reiterated confidence that the planned $110 billion acquisition of Warner Bros. Discovery will close. However, a lawsuit filed by California and 11 other states seeking to block the deal is set to go to trial in March.