{
  "id": 146942,
  "title": "Paramount Skydance raises full-year profit guidance, remains 'confident' about WBD merger",
  "url": "https://urgent.news/2026/08/04/paramount-skydance-raises-full-year-profit-guidance-remains-confident",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T21:15:03.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/08/04/paramount-skydance-psky-earnings-q2-2026.html"
  },
  "original_language": "en",
  "account": "Paramount Skydance has increased its full-year profit forecast and reported a solid second-quarter outcome, despite the ongoing challenges of its cable TV networks. Revenue for the period ending June 30 came in at $6.91 billion, slightly above Wall Street estimates. The streaming service, Paramount+, saw a 9% increase in revenue to $2.47 billion, while film studios revenue rose 16% to $1.31 billion. However, TV media revenue fell by 9% to $3.13 billion. The company also noted that its Paramount+ streaming platform enjoyed its best subscriber retention in history, thanks to popular series like Yellowstone's spinoff Dutton Ranch and live sports events. Paramount+ added 2 million subscribers in the quarter, bringing its global customer base to 81.6 million. The company is raising its adjusted earnings before interest, taxes, depreciation, and amortization guidance for 2026 to a range of $3.8 billion to $3.9 billion, thanks to merger-related cost savings. Despite the merger with Skydance, Paramount expects total revenue of $30 billion in 2026, marking a 4% growth compared to the previous year. The company expects direct-to-consumer revenue to accelerate, and for Paramount+ to maintain a steady subscriber growth rate. CEO David Ellison expressed confidence in the impending merger with Warner Bros. Discovery, stating that the combined entity would be a \"stronger, more competitive, creative-first media company.\" The deal has faced an antitrust challenge from U.S. states, with a trial set for March 2027.",
  "summary": "Paramount Skydance reported second-quarter earnings after the bell and said it continues to prepare for its proposed merger with Warner Bros. Discovery.",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/146942.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC World",
        "title": "Paramount Skydance raises full-year profit guidance, remains 'confident' about WBD merger",
        "url": "https://urgent.news/2026/08/04/paramount-skydance-raises-full-year-profit-guidance-remains-confident-147722",
        "published": "2026-08-04T21:15:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}