{
  "id": 147722,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T21:15:03.000Z",
  "source": {
    "name": "CNBC World",
    "slug": "cnbc-world",
    "url": "https://www.cnbc.com/2026/08/04/paramount-skydance-psky-earnings-q2-2026.html"
  },
  "original_language": "en",
  "account": "Paramount Skydance raised its full-year profit estimate on Tuesday, maintaining confidence in the Warner Bros. Discovery (WBD) merger. The company reported a strong second-quarter performance, driven by its streaming service, Paramount+, while its cable TV networks impacted overall results. Despite a slight dip in total revenue, Paramount noted cost-cutting measures and creative execution improvements in traditional TV contributed to better margins. In the quarter ended June 30, the company reported net earnings of $41 million, or 4 cents per share, which was lower than Wall Street estimates. However, revenue for the streaming segment and film studios increased, while TV media revenue declined. Paramount+ added 2 million subscribers during the period, bringing its global customer base to 81.6 million. The company expects full-year 2026 adjusted earnings before interest, taxes, depreciation, and amortization to be between $3.8 billion and $3.9 billion, citing savings from the merger last year. Despite the merger's pending, Paramount remains optimistic about the deal's completion, emphasizing the benefits it will bring to consumers, theater exhibitors, and creatives.",
  "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": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "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",
        "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."
}