Short answer
Paramount Skydance Corporation (PSKY) filed its Q1 2026 10-Q quarterly report on May 4, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $7.3B with net income of $168M.
Q1 2026 key financials · XBRL
- Revenue
- $7.3B
- Net income
- $168M
- Operating margin
- 8.4%
- EPS (diluted)
- $0.15
Source: XBRL data from the Paramount Skydance Corporation (PSKY) Q1 2026 10-Q on SEC EDGAR. USD.
Paramount Skydance Corporation Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $7,347M, up 2% YoY from $7,192M, driven by Paramount+ and licensing growth
- Operating income $616M, up 12% YoY from $550M; transaction costs $103M vs $85M prior-year charges
- Paramount+ subscribers 79.6M vs 77.8M YoY; affiliate and subscription revenue $3,501M, up 3%
- Advertising revenue $2,442M, down 3% YoY from $2,513M, reflecting linear-market declines
- Cash deployment included $2.8B Netflix termination fee, initially funded with cash and $2.15B credit-facility borrowing; WBD financing commitments $54B
- Near-term outlook: WBD merger expected by Q3 2026; macro uncertainty, tariffs, geopolitical conflict and advertising headwinds cited
Risk Factors
- New WBD Merger risks triggered by February 27, 2026 merger agreement, including regulatory approvals and integration obligations
- Regulatory clearance risk: U.S. and foreign authorities could require divestitures or impose restrictions delaying or preventing closing
- Operational disruption risk: merger planning could divert management resources and disrupt customers, employees, suppliers, and creative talent
- Financial leverage risk: pro forma debt approximately $85.2 billion, including $49.0 billion bridge financing
- Transaction-failure risk: closing after September 30, 2026 adds $0.00277778 per calendar day to merger consideration, capped at $0.25 per 90-day period
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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