Paramount Skydance recasts historical segment data to reflect new reporting structure

Paramount Skydance Corp

New three-segment structure: Studios, Direct-to-Consumer, TV Media (effective 2026).
Recast covers Successor period Aug 7–Dec 31, 2025 within the 2025 Form 10-K.
Segment expense allocations updated; certain costs moved to corporate expenses.
Prior-period segment data not comparable due to accounting basis change.
Recast does not modify prior disclosures or the Feb 2026 Warner Bros. Discovery merger agreement.

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