NASDAQ$PSKY

Paramount Skydance Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Paramount's Q2 2022 earnings were propelled by strength in filmed entertainment and strong direct-to-consumer (DTC) growth.

Paramount reported a 19% increase in total company revenue, driven by growth in Filmed Entertainment and Direct-to-Consumer (DTC) segments. Paramount+ subscribers grew to over 43M, and Pluto TV's global MAUs expanded to nearly 70M. Top Gun: Maverick powered significant growth in Filmed Entertainment revenue.

  • Total company revenue increased by 19%, driven by Filmed Entertainment and DTC growth.
  • Global DTC subscribers rose to nearly 64M, reflecting the removal of 3.9M Russia subscribers.
  • Paramount+ subscribers grew to over 43M, with revenue growth of 120%.
  • Pluto TV expanded global MAUs to nearly 70M, maintaining its lead as the #1 free ad-supported streaming TV service in the U.S.

Headline financials

Total Revenue

$7.78B

Previous: $6.56B+18.5%
EPS (adj)

$0.64

Previous: $0.97-34.0%
Adjusted OIBDA

$963M

Previous: $1.24B-22.3%
Paramount+ Subscribers

43.0M

Previous: 42.0M+2.4%
Capital Expenditures

$99M

Previous: $76M+30.3%
Free Cash Flow

$95M

Previous: -$8M+1287.5%
Net Income

$419M

Previous: $995M-57.9%
Operating Income

$819M

Previous: $1.23B-33.2%
Gross Profit

$2.67B

Previous: $2.7B-1.0%
Cash & Equivalents

$4.04B

Previous: $5.38B-24.9%
Total Assets

$57B

Previous: $55.2B+3.2%
Stock-Based Comp

$41M

Previous: $49M-16.3%

Revenue & EPS history

Paramount · Revenue · Quarterly

$7.78B

Q2 2022+18.5%vs Q2 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Paramount · $7.81B total across 3 segments · Q2 2022

  • TV Media
    $5.26B+87.1%
  • Filmed Entertainment
    $1.36B+104.3%
  • Direct-to-Consumer
    $1.19B+21.4%

Forward guidance

No forward guidance was provided in the transcript.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.8%

Avg return

Earnings day

-1.6%

Avg return

5 days after

-2.7%

Avg return

30 days after

60%

24 / 40 earnings

Positive

+10.4%

Q3 2023

Best reaction

-28.4%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026———
Q1 2026+0.4%-0.1%-6.5%
Q4 2025+10.0%+22.5%-13.5%
Q3 2025-0.5%-2.4%+3.6%
Q2 2025-5.5%-11.7%+10.5%
Q1 2025+2.2%+1.1%+2.1%
Q4 2024+0.2%+2.3%+3.0%
Q3 2024-4.0%-3.2%-4.7%
Q2 2024-2.4%-1.6%-3.5%
Q1 2024+2.9%+8.2%-1.8%
Q4 2023-1.7%-8.4%+4.6%
Q3 2023+10.4%+18.9%+46.1%
Q2 2023+2.9%-2.3%-14.3%
Q1 2023-28.4%-27.8%-32.7%
Q4 2022-4.2%-6.6%-19.7%
Q3 2022-12.4%-14.6%+6.3%
Q2 2022+1.1%-1.4%-7.7%
Q1 2022-1.3%-7.8%+3.8%
Q4 2021+2.7%-19.0%+5.3%
Q3 2021-4.4%-5.5%-17.3%
Q2 2021+7.1%+5.1%+6.4%
Q1 2021-2.4%+1.0%+6.6%
Q4 2020+1.9%+4.3%-25.1%
Q3 2020-6.4%-3.5%+18.1%
Q2 2020+3.4%+2.0%+10.6%
Q1 2020+10.3%+22.6%+66.8%
Q4 2019-17.9%-28.9%-66.4%
Q2 2019-17.9%-28.9%-66.4%
Q3 2019-3.6%-1.6%-3.6%
Q1 2019-1.4%-5.2%-5.6%
Q4 2018+3.1%+4.3%-2.9%
Q2 2018+3.1%+4.3%-2.9%
Q3 2018+2.0%+0.8%-5.5%
Q1 2018+9.1%+5.5%+2.5%
Q4 2017+1.6%-0.5%-9.3%
Q2 2017+1.6%-0.5%-9.3%
Q3 2017+2.8%+2.4%+3.7%
Q1 2017+0.6%+0.2%-3.4%
Q2 2016+0.4%+2.6%+2.3%
Q4 2016+0.4%+2.6%+2.3%
Q3 2016+0.6%+4.7%+9.1%
Q1 2016———
Q2 2015———
Q4 2015———
Q3 2015———
Q1 2015———
Q2 2014———
Q4 2014———
Q3 2014———
Q1 2014———
Q4 2013———
Q2 2013———
Q3 2013———
Q1 2013———
Q4 2012———
Q4 2011———
Q2 2012———
Q3 2012———
Q1 2012———
Q2 2011———
Q3 2011———
Q1 2011———
Q1 2009———
Q4 2010———
Q4 2007———
Q3 2010———
Q2 2010———
Q1 2010———
Q4 2009———
Q2 2009———
Q3 2008———
Q3 2009———
Q4 2008———
Q2 2008———

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