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The company lifted its adjusted EBITDA guidance to $3.8 billion–$3.9 billion, crediting savings from last year's Skydance merger
Paramount $PARA Skydance reported second-quarter results on Tuesday and raised its full-year profit outlook, as growth in streaming and film offset a continued decline in its cable television business.
The company boosted its full-year 2026 adjusted EBITDA target to between $3.8 billion and $3.9 billion, attributing the improvement to efficiencies unlocked by the Skydance combination, with total expected savings from that deal pegged at $3 billion. Paramount still projects total 2026 revenue of $30 billion, representing 4% growth year over year, the company said.
Total revenue for the second quarter came in at $6.91 billion, up slightly from the same period a year earlier. Wall Street had expected $6.88 billion in revenue, according to CNBC. Net earnings attributable to the company were $41 million, or 4 cents per share, compared with $57 million, or 8 cents per share, in the year-earlier quarter.
