"Paramount's revenue rose 2% to $7.3 billion in the first quarter, at the upper end of the $7.15 billion to $7.35 billion range the company had said it expected."
"Paramount+ added 700,000 subscribers last quarter as it began showing live UFC matches in the US without pay-per-view, as part of a seven-year, $7.7 billion deal."
"Buying WBD would help Paramount's flagship streamer scale, since the HBO parent had 131.6 million streaming customers at the end of 2025."
"The Paramount-WBD mega-merger, which has faced opposition from Hollywood stars like JJ Abrams and Ben Stiller, still needs official regulatory approval in the US and abroad."
Paramount Skydance reported a 2% revenue increase to $7.3 billion, surpassing Wall Street expectations. Streaming revenue rose 11%, contributing to adjusted earnings of $1.16 billion. Paramount+ gained 700,000 subscribers due to live UFC matches, although it could have added more without exiting an international bundle. The company aims to enhance its streaming service through the proposed merger with Warner Bros. Discovery, which would significantly increase its subscriber base. Regulatory approval is still pending for the merger, which has faced some opposition in Hollywood.
Read at www.businessinsider.com
Unable to calculate read time
Collection
[
|
...
]