Paramount Global narrowly beat Wall Street’s revenue expectations in Q2 2026, holding steady at $6.91 billion while projecting $7.05 billion for the next quarter. Non-GAAP EPS matched forecasts at 18 cents, and despite flat overall revenue, growth in direct-to-consumer and filmed entertainment helped offset TV media declines. Operating margin improved to 6.9% from 5.8%, signaling better efficiency. With a full-year revenue target of $30 billion and rising EPS projections, the company shows early signs of turnaround—though cautious optimism remains as they navigate a shifting media landscape.
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