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Paramount Skydance eyes quarterly revenue below estimates

  • On release of its 2025 results, Paramount Global reported a quarterly loss and sharply lower profit as higher legal expenses tied to its pursuit of Warner Bros. Discovery weighed on results.
  • Following the Skydance deal, Paramount recorded programming write-downs and restructuring charges after a content review and realigned operations, restating pre-merger numbers to exclude free-trial subscribers.
  • On the streaming front, Paramount added 1 million subscribers for a total of 78.9 million, with revenue climbing to $2.2 billion in the period ended December 31.
  • The company guided Q1 revenue of $7.15 billion to $7.35 billion, below Wall Street consensus, causing shares to dip 2% Wednesday.
  • In the takeover battle, Paramount hiked its offer to $31 per share and has taken a hostile bid directly to shareholders while Warner Bros. Discovery reviews it and shareholders vote on Netflix’s deal on March 20.
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The parent company of CBS and MTV reported revenue of $8.15 billion, a 2% year-over-year increase. However, it posted a loss of $573 million in the fourth quarter, more than double the $224 million loss a year earlier.

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Variety broke the news in Los Angeles, United States on Wednesday, February 25, 2026.
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