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Paramount earnings, revenue beat expectations as streaming business offers a boost

Cnbc · · 561 words · By Lillian Rizzo
open_in_new Read the original article: https://www.cnbc.com/2026/05/04/paramount-skydance-psky-earnings-q1-2026.html

fact_checkFact-Check Results

23 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 13
check_circle Corroborated 5
info Single Source 3
help Insufficient Evidence 2
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“Paramount Skydance topped Wall Street's revenue and earnings estimates for the first quarter on Monday”
CORROBORATED
Multiple independent web search results confirm that Paramount Skydance (PSKY) beat both revenue and earnings estimates for Q1, with adjusted EPS at $0.23 (vs $0.15 expected) and revenue at $7.35B (vs $7.28B expected).
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wikipedia NEUTRAL — On July 7, 2024, American media companies Skydance Media and Paramount Global announced a definitive agreement to merge in a deal valued at $8 billion, forming a new entity known as "Paramount Skydanc…
https://en.wikipedia.org/wiki/Merger_of_Skydance_Media_and_P…
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wikipedia NEUTRAL — Paramount Pictures Corporation, commonly known as Paramount Pictures or simply Paramount, is an American film production and distribution company and the flagship namesake subsidiary of Paramount Skyd…
https://en.wikipedia.org/wiki/Paramount_Pictures
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wikipedia NEUTRAL — Paramount Skydance Corporation (doing business as Paramount) is an American multinational mass media and entertainment conglomerate. The company's primary corporate headquarters is located at the Para…
https://en.wikipedia.org/wiki/Paramount_Skydance
+ 3 more evidence sources
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“The company reported nearly $7.35 billion in first-quarter revenue, up 2% from the prior year”
CORROBORATED
Two independent sources explicitly state that Q1 revenue was $7.35 billion (or $7.3 billion) and represented a 2% increase from the prior year.
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wikipedia NEUTRAL — On July 7, 2024, American media companies Skydance Media and Paramount Global announced a definitive agreement to merge in a deal valued at $8 billion, forming a new entity known as "Paramount Skydanc…
https://en.wikipedia.org/wiki/Merger_of_Skydance_Media_and_P…
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wikipedia NEUTRAL — Paramount Pictures Corporation, commonly known as Paramount Pictures or simply Paramount, is an American film production and distribution company and the flagship namesake subsidiary of Paramount Skyd…
https://en.wikipedia.org/wiki/Paramount_Pictures
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wikipedia NEUTRAL — Paramount Skydance Corporation (doing business as Paramount) is an American multinational mass media and entertainment conglomerate. The company's primary corporate headquarters is located at the Para…
https://en.wikipedia.org/wiki/Paramount_Skydance
+ 3 more evidence sources
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“Revenue for the streaming unit grew 11% to $2.4 billion compared to the same period last year”
CORROBORATED
Multiple sources confirm direct-to-consumer (streaming) revenue increased 11% year-over-year to $2.4 billion.
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wikipedia NEUTRAL — On July 7, 2024, American media companies Skydance Media and Paramount Global announced a definitive agreement to merge in a deal valued at $8 billion, forming a new entity known as "Paramount Skydanc…
https://en.wikipedia.org/wiki/Merger_of_Skydance_Media_and_P…
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wikipedia NEUTRAL — Paramount Pictures Corporation, commonly known as Paramount Pictures or simply Paramount, is an American film production and distribution company and the flagship namesake subsidiary of Paramount Skyd…
https://en.wikipedia.org/wiki/Paramount_Pictures
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wikipedia NEUTRAL — Paramount Skydance Corporation (doing business as Paramount) is an American multinational mass media and entertainment conglomerate. The company's primary corporate headquarters is located at the Para…
https://en.wikipedia.org/wiki/Paramount_Skydance
+ 3 more evidence sources
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“Paramount+, the flagship of the company's streaming portfolio, added 700,000 subscribers during the quarter and grew revenue 17% year over year”
CORROBORATED
Two independent sources confirm that Paramount+ added 700,000 subscribers in the first quarter and that DTC revenue grew 11% (with one source specifically attributing 17% growth to Paramount+).
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wikipedia NEUTRAL — Paramount Skydance Corporation (doing business as Paramount) is an American multinational mass media and entertainment conglomerate. The company's primary corporate headquarters is located at the Para…
https://en.wikipedia.org/wiki/Paramount_Skydance
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wikipedia NEUTRAL — Ebenezer: A Christmas Carol is an upcoming American Christmas fantasy film directed by Ti West, from a screenplay by Nathaniel Halpern based on the 1843 novel A Christmas Carol by Charles Dickens. It …
https://en.wikipedia.org/wiki/Ebenezer:_A_Christmas_Carol
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wikipedia NEUTRAL — Paramount Pictures Corporation, commonly known as Paramount Pictures or simply Paramount, is an American film production and distribution company and the flagship namesake subsidiary of Paramount Skyd…
https://en.wikipedia.org/wiki/Paramount_Pictures
+ 3 more evidence sources
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“In total, Paramount+ had nearly 80 million subscribers”
CORROBORATED
One source mentions the subscriber count rising from 78.9 million, and another mentions a peak of 79.4 million in Q1 2023 and 83.8 million by Q3 2026, supporting the 'nearly 80 million' figure for the Q1 period.
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wikipedia NEUTRAL — Paramount+ is an American subscription video on-demand over-the-top streaming service owned by Paramount Skydance. The service's content is drawn primarily from the libraries of various properties own…
https://en.wikipedia.org/wiki/Paramount+
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wikipedia NEUTRAL — Paramount Pictures Corporation, commonly known as Paramount Pictures or simply Paramount, is an American film production and distribution company and the flagship namesake subsidiary of Paramount Skyd…
https://en.wikipedia.org/wiki/Paramount_Pictures
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wikipedia NEUTRAL — Paramount Skydance Corporation (doing business as Paramount) is an American multinational mass media and entertainment conglomerate. The company's primary corporate headquarters is located at the Para…
https://en.wikipedia.org/wiki/Paramount_Skydance
+ 3 more evidence sources
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“price hikes on Paramount+ plans in January, the platform's first since August 2024”
SINGLE SOURCE
The provided web search results for this claim discuss general app updates and new content for May 2026, but do not mention price hikes in January or a previous hike in August 2024.
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web search NEUTRAL — Watch thousands of hit movies and episodes of your favorite shows, all in one place. Stream it all on Paramount+.
https://www.paramountplus.com/
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web search NEUTRAL — We can’t fix everything in your life, but we can fix bugs and make the Paramount+ app better than ever before. Update your Paramount+ app for a new lease on (streaming) life.
https://play.google.com/store/apps/details?id=com.cbs.app&hl…
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web search NEUTRAL — Apr 23, 2026 · The new shows and movies coming to Paramount+ in May include Yellowstone spin-off Dutton Ranch, new seasons of Criminal Minds: Evolution and The Chi, and the season finales of Ghosts an…
https://www.tvguide.com/news/new-on-paramount-plus/
info
“Paramount's film studio revenue increased 11% from the prior year to about $1.28 billion”
SINGLE SOURCE
The figure of $1.28 billion for studio revenue is mentioned in one specific web search result ('Paramount Stock Edges Higher On Q1 Double Beat'), but not corroborated by other independent sources in the provided evidence.
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web search NEUTRAL — Watch thousands of hit movies and episodes of your favorite shows, all in one place. Stream it all on Paramount+.
https://www.paramountplus.com/
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web search NEUTRAL — Paramount+, part of Paramount’s global portfolio of multimedia entertainment and news brands, is a direct-to-consumer digital subscription video on-demand and live streaming service, combining live sp…
https://www.paramount.com/
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web search NEUTRAL — Paramount Network is home to boundary-pushing scripted and non-scripted shows, featuring unforgettable characters and immersive stories on Yellowstone, Bar Rescue, Ink Master and more.
https://www.paramountnetwork.com/
info
“"Scream 7" helped lift revenue and was the highest-grossing film in the horror flick franchise”
SINGLE SOURCE
A TikTok source mentions 'why Scream 7 may become the highest-grossing film', but this is speculative/promotional rather than a factual report of actual box office results. Wikipedia confirms the film exists in 2026, but does not confirm the grossing record.
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web search NEUTRAL — Scream 7 is a 2026 American slasher film directed by Kevin Williamson and written by Williamson and Guy Busick.
https://en.wikipedia.org/wiki/Scream_7
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web search NEUTRAL — Discover why Scream 7 may become the highest-grossing film in the franchise.Scream 7 release date March 31st, highest grossing film franchise, Scream 7 extras behind the scenes, ice 9 kills music vide…
https://www.tiktok.com/discover/scream-7-highest-grossing
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web search NEUTRAL — I’m gonna burn it all down. Watch the Official Trailer for #Scream7 – Only in theatres February 27, 2026.When a new Ghostface killer emerges in the quiet tow...
https://www.youtube.com/watch?v=UJrghaPJ0RY
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“The company noted it has nearly doubled its film slate for 2026 over 2025 since closing the merger between Paramount and David Ellison's Skydance last year”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding the 2026 film slate doubling over 2025.
help
“The segment reported $3.67 billion in revenue, down 6% compared to the same quarter last year [TV media business]”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results regarding the TV media business reporting $3.67 billion in revenue.
schedule
“Earnings per share: 23 cents adjusted vs. 15 cents expected”
PENDING
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“Revenue: $7.35 billion vs. $7.28 billion expected”
PENDING
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“Paramount reported first-quarter net earnings of $168 million, or 15 cents per share, compared with net earnings of $152 million, or 22 cents per share, a year earlier”
PENDING
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“Adjusting for one-time, transaction-related items, Paramount reported adjusted earnings per share of 23 cents”
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“The company on Monday reaffirmed its full-year outlook of $30 billion in revenue and $3.8 billion in adjusted earnings before interest, taxes, depreciation and amortization”
PENDING
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“the merger between Paramount and Skydance closed [nine months ago]”
PENDING
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“a proposed acquisition of Warner Bros. Discovery”
PENDING
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“The company expects the deal with WBD to close at the end of the third quarter”
PENDING
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“The acquisition received approval from WBD's shareholders in April”
PENDING
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“Paramount Skydance has agreed to acquire WBD for $31 per share, all cash”
PENDING
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“As part of the merger between Paramount and Skydance the company said it expects to save $3 billion”
PENDING
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“more than $2.5 billion expected to be eliminated by the end of 2026”
PENDING
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“Paramount Skydance plans to consolidate the tech stack and platforms for its three streaming platforms by mid-year”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.