The group resulting from the merger posted strong first-quarter results, supported by Paramount’s growth and the success of its productions, while confirming its annual goals. Paramount Skydance exceeded expectations, with a revenue of 7.35 billion dollars, up 2% from the previous year, surpassing the anticipated 7.28 billion. Earnings per share were 0.23 dollar, higher than the forecasted 0.15 dollar. The performance was driven by streaming, with revenues increasing by 11% to 2.4 billion dollars, including a 17% increase for Paramount and a gain of 700,000 subscribers, bringing the total to nearly 80 million. The stock rose by approximately 1.5% during after-hours trading. The film business also contributed to the growth, with revenues up by 11% to 1.28 billion dollars, mainly due to the success of “Scream 7”. However, traditional television continued to decline, with a 6% decrease in revenue to 3.67 billion dollars, attributed to the decline in cable channel subscriptions. Net income reached 168 million dollars, up from 152 million a year earlier, in the midst of reorganization following the merger with Skydance. The group confirmed its annual goals, aiming for 30 billion dollars in revenue and 3.8 billion dollars in adjusted EBITDA. It also continues with its acquisition project of Warner Bros. Discovery, valued at 31 dollars per share, with the expected completion by the end of the third quarter. Additionally, Paramount Skydance maintains its goal of 3 billion dollars in savings by 2027, focusing on streamlining its platforms and developing streaming services.
