**Paramount Skydance Corporation Reports 2025 Financial Results Amidst Strategic Shifts**
Paramount Skydance Corporation (PSKY) reported its financial results for 2025, a year marked by significant strategic changes including the completion of its merger with Skydance Media. The company's revenues totaled $12.27 billion for the period from August 7 to December 31, 2025 (Successor period), and $16.62 billion for the period from January 1 to August 6, 2025 (Predecessor period), compared to $29.21 billion for the full year 2024. The company reported an operating loss of $95 million for the Successor period and operating income of $1.03 billion for the Predecessor period, compared to an operating loss of $5.27 billion for the full year 2024. Net loss from continuing operations attributable to Parent was $586 million (or $0.53 per diluted share) for the Successor period and $35 million (or $0.05 per diluted share) for the Predecessor period, compared to a net loss of $6.20 billion (or $9.36 per diluted share) for the full year 2024.
The company's performance was impacted by several factors, including declines in the linear advertising market, the absence of Super Bowl broadcast revenues in 2025, and the pushdown of the Ultimate Parent’s basis, which resulted in amortization expenses and adjustments to programming assets. To provide a clearer view of underlying performance, the company also presented adjusted measures, excluding certain items affecting comparability. Adjusted OIBDA was $1.27 billion for the Successor period and $1.81 billion for the Predecessor period, compared to $3.12 billion for the full year 2024. Adjusted net earnings from continuing operations attributable to Parent was $9 million (or $0.01 per diluted share) for the Successor period and $348 million (or $0.51 per diluted share) for the Predecessor period, compared to $1.04 billion (or $1.54 per diluted share) for the full year 2024.
Operationally, Paramount Skydance Corporation completed its merger with Skydance Media on August 7, 2025, and announced a cash tender offer for Warner Bros. Discovery in December 2025. The company also transitioned its reporting structure into three new segments: TV Media, Direct-to-Consumer, and Studios, effective in the first quarter of 2026. Paramount+ subscribers reached 78.9 million at the end of 2025. The company employed approximately 17,600 full- and part-time employees as of December 31, 2025.
Looking ahead, Paramount Skydance Corporation anticipates incurring approximately $800 million in costs related to transformational activities in 2026, including severance payments, capital expenditures, and professional fees. The company expects to continue paying regular cash dividends to its stockholders. The company is also focused on integrating Skydance Media and pursuing strategic initiatives, including the Warner Bros. offer, while navigating the evolving media landscape and competitive pressures.
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