Paramount Skydance reported diluted earnings per share of six cents under U.S. generally accepted accounting principles (GAAP) and 45 cents on an adjusted basis for the third quarter, after adjustments for several items.
Revenue reached $7.025 billion, a 5% increase from a year earlier. Net earnings attributable to the parent totaled $73 million, or six cents per diluted share. Adjusted net earnings attributable to the parent were $506 million, equal to 45 cents per share. The filing’s reconciliation lists restructuring charges, transaction-related items and discrete tax items among the adjustments.
Studios revenue rose 23% to $1.5 billion, and Direct-to-Consumer revenue increased 11% to $2.5 billion. TV Media revenue fell 7% to $3 billion, partly offsetting growth in the other two segments.
Paramount Skydance attributed Studios growth to licensing and third-party content. It cited pay-TV subscriber erosion as a factor in TV Media’s decline.
The quarter ended Sept. 30, before the company completed its Warner Bros. Discovery acquisition on Oct. 6. The third-quarter results therefore exclude Warner Bros. Discovery; consolidated Skydance results begin in the fourth quarter.
The company said it plans to provide its full-year 2027 outlook with its fourth-quarter 2026 results.
