Paramount Skydance Q2: Paramount+ adds 2M subs to 81.6M; raises FY adj. EBITDA outlook to $3.8-3.9B

Paramount Skydance Corp

Paramount+ added ~2M subscribers in Q2 to reach 81.6M worldwide; best retention quarter in service history.
Raising FY 2026 adj. EBITDA outlook to $3.8-3.9B (12.8% margin); expects FCF conversion of at least 10%.
TV Media profitability up 14% YoY in H1 despite 7% revenue decline; Studios segment returned to profitability.
Upfront commitments grew double-digit YoY, strongest since CBS-Viacom merger; content licensing revenue double-digit growth.
Run-rate efficiency target raised to $2.7B by end of 2026; investing $1.5B+ in new content in 2026.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.