Paramount Skydance restructures into three new segments; switches to Adjusted EBITDA

Paramount Skydance Corp

New segments: Studios, Direct-to-Consumer, and TV Media, combining film/TV studios and moving Paramount+ with Showtime to DTC.
Primary segment profit measure changed from Adjusted OIBDA to Adjusted EBITDA, also excluding stock-based compensation.
Certain centralized costs previously allocated at segment level now reported within corporate expenses.
Supplemental unaudited 2025 financial data recast under new segments provided for investor review.

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