Paramount Skydance’s third-quarter revenue rose 5 percent to $7.0 billion with net earnings of $73 million and adjusted EBITDA of $1.0 billion, as Paramount Plus revenue grew 21 percent to $2.13 billion on 82.2 million subscribers, while television network revenue fell 7 percent to $3 billion. In its first update since closing the Warner Bros. Discovery acquisition on October 6, the company said it expects to eliminate at least $6 billion in annual expenses within three years against about $87 billion of gross debt, and warned that weaker Warner Bros. theatrical releases could reduce fourth-quarter studio profit by as much as $200 million. Skydance plans a combined Paramount Plus and HBO Max subscription early next year, and consolidated results including Warner Bros. Discovery will first appear in the fourth-quarter report due in February 2027.
Paramount Skydance posts first results since Warner deal closed
Paramount Skydance reported third-quarter revenue of $7.0 billion, up 5 percent, and net earnings of $73 million in its first results since closing the Warner Bros. Discovery acquisition, while targeting at least $6 billion of annual cost savings within three years.
Why it matters: The first update since the October 6 close pairs streaming growth with about $87 billion of gross debt and a warning that weak Warner Bros. films could cut fourth-quarter studio profit by up to $200 million, framing the integration test now facing the combined company.
Data as of Company third-quarter results for the period ended September 30, 2026, as reported by The Desk (read in full) and corroborated by TheWrap; the quarter predates the October 6 Warner Bros. Discovery close, so Warner figures enter only through the company's combined-company commentary. Developing item.
Sources
- Skydance revenue rises 5 percent during Q3, before WBD acquisition - The Desk - 2026-11-09
- Paramount Swings to $73 Million Profit in Q3 - TheWrap - 2026-11-09