The top Democrats on two U.S. House of Representatives committees said Wednesday Paramount Skydance had refused to answer key questions or provide documents tied to the Trump administration's approval of its the company's $8.4 billion merger with the CBS News-parent company.
Laura Martin, senior entertainment analyst at Needham, discusses Paramount Skydance's earnings, announced changes, and plans to buy rival Warner Bros. Discovery.
Paramount shares jumped more than 10% Tuesday after the company's third-quarter earnings report and a strategy update from CEO David Ellison and his management team. The stock topped $16.90, its highest level in two weeks, midway through the session. Trading volume on the Veterans Day holiday was lighter than average.
Jennifer Dodge has been hired to head up Paramount Animation as President, Deadline can confirm. Dodge starts at Paramount on January 5th, joining after nearly nine years at PAW Patrol franchise producer Spin Master.
CEO David Ellison promised more film and TV production and streamlined staffing and announced price increases to Paramount's streaming service, painting a picture of a significantly changed company.
Paramount Skydance (NASDAQ:PSKY) reported third-quarter 2025 results showing continued strength in its direct-to-consumer (DTC) business but ongoing weakness in traditional television operations, leading to results below Wall Street expectations. Revenue came in at $6.71 billion, slightly below the consensus estimate of $6.99 billion, and flat compared to the combined company's predecessor revenue a year earlier.
The stock market rebounded after the Senate approved a deal to end the government shutdown. Paramount Skydance announced more plans to cut costs, lay off staff and increase streaming prices.
Paramount Skydance Corporation (PSKY) reported mixed Q3 results, but shares surged on optimistic management guidance and strong future growth expectations. PSKY's Direct-to-Consumer segment, led by Paramount+, showed robust subscriber and revenue growth, offsetting declines in traditional TV Media. Management targets $3 billion in annual cost savings and forecasts 2026 revenue of $30 billion with $3.5 billion EBITDA, driven by content investment and workforce optimization.
Paramount Skydance Corporation ( PSKY ) Q3 2025 Earnings Call November 10, 2025 4:30 PM EST Company Participants David Ellison - Chairman & CEO Jeffrey S. Shell Andrew Warren - Executive VP & Interim CFO Conference Call Participants Robert Fishman - MoffettNathanson LLC Steven Cahall - Wells Fargo Securities, LLC, Research Division David Karnovsky - JPMorgan Chase & Co, Research Division Jessica Reif Cohen - BofA Securities, Research Division Benjamin Swinburne - Morgan Stanley, Research Division Richard Greenfield - LightShed Partners, LLC John Hodulik - UBS Investment Bank, Research Division Kutgun Maral - Evercore ISI Institutional Equities, Research Division Presentation Operator Good afternoon.
Paramount CEO David Ellison said the company's addition of UFC bouts to Paramount+ at no extra charge to subscribers largely justifies the price hikes set to take effect on the service in early 2026.
Paramount reported growth from its streaming division in its first quarterly earnings report since its merger with David Ellison's Skydance Media.
Paramount, which recently pink slipped 1,000 staffers, said today approximately 600 employees in the LA and New York offices, at the VP level and below, chose to take a severance package as the company instituted a five-day-a-week return to office mandate starting in January.