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Skydance posts Q3 profit as Paramount studios and streaming grow
Variety reports Skydance said Paramount-side profit was $73 million in the third quarter, before Warner Bros. Discovery results, as studio and streaming revenue rose.
- New headline Was: “Skydance Q3 Profit Powered By Studios, Streaming”
- Our desk filed its story
Skydance said Monday that the Paramount side of its business posted $73 million in profit for the third quarter, swinging from a year-earlier loss, according to Variety1.
The figures exclude Warner Bros. Discovery because Skydance’s merger with that company closed in October, after the quarter ended1.
Net income was 6 cents a share, or 45 cents a share after pretax expenses and non-recurring costs, Variety reported1. Revenue was $7.03 billion, up 5% from a year earlier1.
Traditional TV, the largest unit, saw revenue fall 7% to $3 billion, with advertising down 8% after the sales of Telefe and Chilevisión and distribution down 5% as subscribers declined1. Direct-to-consumer revenue rose 11% to $2.5 billion, with Paramount+ revenue up 21% and subscribers up about 6%1. Studio revenue rose 23% to $1.5 billion, driven largely by licensing and content made for others1.
In a shareholder letter cited by Variety, the company said it expects the Warner Bros. film slate to underperform in the fourth quarter and that Paramount Pictures is expected to double output in 2026 to 15 releases1.
