secwatch.observer — SEC 8-K summary
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Issuer:     Paramount Skydance Corp (PSKY)
CIK:        0002041610
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0002041610-26-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Paramount Skydance Q1 revenue $7.3B, beat forecast; DTC profit improves; WBD deal on track for Q3 close
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- Q1 revenue $7.3B (+2% YoY); net income $168M, diluted EPS $0.15; adjusted EBITDA $1.161B, exceeding expectations.
- DTC revenue $2.4B (+11% YoY); Paramount+ added 0.7M subs; DTC adj. EBITDA margin 10% ($251M).
- TV Media adj. EBITDA $1.1B (+11% YoY, 29% margin); CBS has 13 of top 20 primetime series.
- WBD acquisition progressing: $10B debt financing secured, $49B bridge syndicated; shareholder vote April 23; close expected Q3 2026.
- Full-year outlook reaffirmed: $30B revenue, $3.8B adj. EBITDA; Q2 guidance $6.75B-$6.95B revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2041610/000204161026000022/0002041610-26-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2041610/000204161026000022/psky-20260504.htm
  HTML page:      https://secwatch.observer/filing/0002041610-26-000022

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