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Paramount Skydance raises 2026 profit outlook amid streaming growth and prepares for Warner Bros. Discovery merger.

Company Fundamentals
04 Aug 2026
CNBC
View Source
Bullish
Paramount Skydance raises 2026 profit outlook amid streaming growth and prepares for Warner Bros. Discovery merger.

Paramount Skydance raised its full-year 2026 adjusted EBITDA guidance following strong Q2 results driven by streaming growth, particularly from Paramount+, which added 2 million subscribers. Despite declines in traditional TV revenue, cost-cutting and creative efforts improved margins. The company is preparing for its proposed $108.4 billion merger with Warner Bros. Discovery, currently delayed by an antitrust lawsuit, but remains confident the deal will close by mid-2027. Paramount expects 4% revenue growth in 2026, with streaming revenue accelerating.

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