The company reported an improved earnings, but noted that it is early in its turnaround process.
Skydance Corp. on Wednesday reported its fourth quarter earnings, as it finds itself in the middle of a renewed push to pry Warner Bros. Discovery away from the streaming giant Netflix. And with investor interest in the deal sure to be high, the company explained in a letter from CEO David Ellison that it views the megadeal as a key strategic effort: “While we are confident in our standalone strategy and growth trajectory for Paramount, we view WBD as an accelerant to achieving these goals more quickly.
” PSKY reported revenues of $8.14 billion in Q4, up 2 percent from the predecessor company a year earlier, with operating loss of $339 million and adjusted OIBDA of $612 million. The company’s linear TV business faced headwinds, even as its streaming business posts double digit growth. The TV media segment saw revenue fall by 5% year over year to $4.7 billion even as direct-to-consumer revenue rose by 10% to $2.2 billion. Revenue at Paramount+ rose 17% to $1.8 billion, with Paramount+ now hitting 78.9 million subscribers.The Hollywood Reporter is a part of Penske Media Corporation. © 2026 The Hollywood Reporter, LLC. All Rights Reserved.
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