---
schema_version: "secwatch.filing_event.v1"
accession: "0002041610-26-000052"
form_type: "8-K"
ticker: "PSKY"
cik: "0002041610"
company_name: "Paramount Skydance Corp"
filed_at: "2026-08-04T20:03:41+00:00"
generated_at: "2026-08-04T20:05:22.269916+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0002041610-26-000052
- form_type: 8-K
- ticker: PSKY
- cik: 0002041610
- company_name: Paramount Skydance Corp
- filed_at: 2026-08-04T20:03:41+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2041610/000204161026000052/0002041610-26-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2041610/000204161026000052/psky-20260804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002041610-26-000052
- JSON: https://secwatch.observer/filing/0002041610-26-000052.json
- Plain text: https://secwatch.observer/filing/0002041610-26-000052.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.