{
  "id": 19223663,
  "title": "Paramount Swings to $73 Million Profit in Q3, Driven by Streaming, Studios Growth",
  "url": "https://urgent.news/2026/11/09/paramount-swings-to-73-million-profit-in-q3-driven-by-streaming",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-09T21:05:36.000Z",
  "source": {
    "name": "TheWrap",
    "slug": "thewrap",
    "url": "https://www.thewrap.com/industry-news/business/paramount-earnings-q3-2026/"
  },
  "original_language": "en",
  "account": "Paramount reported $7 billion in revenue and a profit of 6 cents per share in Q3 2026, exceeding Wall Street's expectations of $7.04 billion in revenue and a profit of 20 cents per share. The streaming platforms Paramount+ and HBO Max reached 203 million subscribers worldwide. The company plans to stop disclosing subscribers on a quarterly basis starting in Q4. HBO Max and Paramount+ will merge into one platform in early 2027. Paramount Skydance's profit of $73 million was driven by growth in its streaming and studios businesses, despite declines in the linear TV business. Paramount+ revenue grew 21% to $2.13 billion, adding 600,000 subscribers for a total of 82.2 million. The company's direct-to-consumer business posted a profit of $225 million with revenue growing 11% to $2.5 billion, benefiting from higher costs from planned investments in programming. Studios revenue grew 23% to $1.5 billion with a profit of $129 million, driven by strong licensing and third-party content. The third quarter saw releases like \"Heart of the Beast\" starring Brad Pitt and \"PAW Patrol: The Dino Movie,\" which grossed over $160 million worldwide. Paramount Pictures plans to double its output in 2026 with 15 releases. The TV Media unit posted a $1 billion profit, but revenue fell 7% to $3 billion due to cord-cutting and the absence of sold channels, offset by higher political ad revenue. Skydance is looking to find $6 billion in merger-related cost savings, including consolidating redundant back-office functions, reducing management layers, and shifting to lower-cost support functions. The company expects at least $6 billion in savings from the merger.",
  "summary": "Paramount+ reached a total of 82.2 million subscribers as the David Ellison-led media giant closed its Warner Bros. Discovery merger The post Paramount Swings to $73 Million Profit in Q3, Driven by Streaming, Studios Growth appeared first on TheWrap .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}