Paramount and Skydance are soaring despite cable’s nosedive, thanks to streaming and movies powering their growth — boosting full-year profit forecasts to $3.8–3.9 billion in EBITDA by 2026, fueled by $3B in merger savings. Q2 revenue hit $6.91B (just above estimates), with direct-to-consumer platforms up 9% and film division surging 16%, offsetting a 9% TV media slide. Paramount+ added 2M subscribers (now 81M globally), driven by hits like Yellowstone spinoffs and live sports. Third-quarter revenue is forecast at $6.95–7.15B, with steady subscriber growth expected. The Warner Bros. Discovery deal remains on track for June 2027, delayed only by antitrust lawsuits — but CEO remains bullish, calling it the key to building a powerhouse media empire. One year into the Skydance merger, the company’s transformation is accelerating.
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