Paramount Skydance Corporation (PSKY) Q3 2025 10-Q Quarterly Report

Filed: Nov 10, 2025Period ending Sep 30, 2025
Communication Services
Television Broadcasting StationsSEC EDGAR

Paramount Skydance Corporation (PSKY) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 10, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Paramount Skydance Corporation Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $4.12B for Q3 2025 (Successor) vs $6.73B for Q3 2024, down $2.61B or 39%; pro forma combined revenues down 3% YoY
  • Adjusted OIBDA and operating income not provided for Q3 2025; nine months ended Sep 30, 2025 operating income $1.03B vs loss of $5.40B in 2024
  • TV Media segment revenues down 12% YoY pro forma in Q3 2025; affiliate & subscription revenues down 7%, advertising down 12%; Direct-to-Consumer revenues grew 26% YoY pro forma driven by 7.2M subscriber increase to 79.1M
  • Net loss from continuing operations attributable to parent $13M in Q3 2025 vs $4M loss in Q3 2024; diluted EPS $(0.01) vs $(0.01) same quarter last year
  • Cash and cash equivalents $3.26B at Sep 30, 2025; $1.52B cash funded from PIPE Transaction used partly to repay $720M Skydance credit facility; net cash used in financing $821M Nine months 2025
  • Guidance/near-term: Additional restructuring charges for severance of approx. $500M expected in Q4 2025; revenues pressured by linear advertising and political ad decline; subscriber growth and pricing increases support streaming revenue; continuing cost savings initiatives ongoing

Risk Factors

  • No new or changed risk factors compared to Paramount Global 2024 10-K
  • Continued exposure to content production cost volatility impacting margins
  • Regulatory risks persist around global content distribution and intellectual property rights
  • Competitive pressures from streaming services affecting subscriber growth and retention
  • Liquidity reliant on cash flows from legacy assets and ability to manage debt maturities

Paramount Skydance Corporation Q3 2025 Quarterly Financials
XBRL

Revenue

$4.1B

Net Income

-$13M

Net Margin

-0.3%

Source: XBRL data from Paramount Skydance Corporation Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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