Paramount Skydance beats Q1 revenue and earnings estimates, driven by streaming growth.

Paramount Skydance reported first-quarter revenue of $7.35 billion, surpassing analyst expectations, with streaming revenue up 11% to $2.4 billion, led by Paramount+ adding 700,000 subscribers. The company's film studio revenue also rose 11%, boosted by hits like "Scream 7." Despite declines in its traditional TV media segment due to cord-cutting, Paramount reaffirmed its full-year outlook of $30 billion in revenue and $3.8 billion in adjusted EBITDA. The company is also progressing toward acquiring Warner Bros. Discovery, aiming to close the deal by the end of Q3 2026.