Paramount Skydance Profit Beats Estimates on Cost Cuts
The media giant reported adjusted earnings of 23 cents per share as streaming growth helped offset television declines. Revenue reached 7.35 billion dollars.
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PARAMOUNT SKYDANCE CL B reported first-quarter adjusted EBITDA of $1.16B, a 59% increase driven by post-merger cost-cutting and streaming growth. Revenue rose 2% to $7.35B, while adjusted EPS of 23 cents beat the 15-cent analyst estimate. Investors are weighing immediate merger efficiencies against a projected second-quarter revenue slowdown due to a thin theatrical film slate.
