The stock reaction will likely focus on the maintained guidance and continued DTC growth momentum, particularly the success of the UFC partnership. Investors should monitor subscriber growth trends and the company's ability to achieve its $3 billion efficiency target by 2027.
Price Chart
Executive Summary
Paramount Skydance reported Q4 2025 results showing modest 2% YoY revenue growth to $8.15 billion, driven by 10% growth in Direct-to-Consumer (DTC) revenue, primarily from a 17% increase in Paramount+ revenue. The company maintained its 2026 outlook for $30 billion in revenue and $3.8 billion in Adjusted EBITDA, with DTC as the primary growth driver. The company is on track to deliver $3 billion in efficiencies by 2027 and highlighted strong progress with its UFC partnership on Paramount+.
Key Financial Metrics
Key Facts
- Q4 2025 total revenue was $8.148 billion, a 2% increase from $7.984 billion in Q4 2024
- DTC revenue grew 10% YoY, driven by 17% growth in Paramount+ revenue
- Paramount+ paid subscribers reached 78.9 million, up 4% YoY
- Company maintained 2026 revenue guidance of $30 billion and Adjusted EBITDA guidance of $3.8 billion
- On track to deliver $3 billion in efficiencies by 2027, with over $2.5 billion in run-rate efficiencies expected by end of 2026
- Launched UFC partnership on Paramount+, which became the platform's largest exclusive live event
Financial Impact
Modest revenue growth of $164 million YoY, with DTC segment driving performance. Maintained full-year 2026 guidance of $30 billion revenue and $3.8 billion Adjusted EBITDA.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Direct-to-Consumer | $2.2B | +10.0% |
| TV Media | $4.7B | -5.0% |
| Filmed Entertainment | $1.3B | +16.0% |
Risk Factors
- Filmed Entertainment segment reported an Adjusted OIBDA loss of $119 million due to weak theatrical performance
- TV Media revenue declined 5% YoY due to advertising and affiliate revenue pressures
- Company incurred $546 million in restructuring and transaction-related costs in Q4
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0002041610-26-000008 |
| Document: psky-20260225.htm | 0002041610-26-000008 |
| Document: 0002041610-26-000008-index-headers.html | 0002041610-26-000008 |
| Document: 0002041610-26-000008-index.html | 0002041610-26-000008 |
| Document: 0002041610-26-000008.txt | 0002041610-26-000008 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 9w ago | S-3ASR | $8.22 $10.91 | ▲ +32.73% | ▲ +31.49% | $9.50 (+15.57%) |
Jul 31, 2026 9w ago | Press Release | $8.22 $10.91 | ▲ +32.73% | ▲ +31.49% | $9.50 (+15.57%) |
Jul 21, 2026 10w ago | Press Release | $8.78 $10.60 | ▲ +20.73% | ▲ +17.83% | $9.50 (+8.20%) |
Jun 29, 2026 13w ago | 8-K | $9.86 $8.03 | ▼ −18.56% | ▼ −17.53% | $9.50 (−3.65%) |
Jun 22, 2026 14w ago | 8-K | $9.89 $8.75 | ▼ −11.53% | ▼ −11.38% | $9.50 (−3.94%) |
Jun 11, 2026 16w ago | Institutional Cluster | $10.49 $9.33 | ▼ −11.06% | ▼ −12.95% | $9.50 (−9.44%) |
Jun 10, 2026 16w ago | 8-K | $10.31 $9.33 | ▼ −9.51% | ▼ −13.13% | $9.50 (−7.86%) |
May 19, 2026 19w ago | 8-K | $10.13 $9.94 | ▼ −1.88% | ▼ −2.62% | $9.50 (−6.22%) |
May 13, 2026 20w ago | 8-K | $10.11 $10.42 | ▲ +3.07% | ▲ +3.92% | $9.50 (−6.03%) |
Apr 9, 2026 25w ago | 8-K | $10.85 $10.91 | ▲ +0.55% | ▼ −7.01% | $9.50 (−12.44%) |
US Market Status
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