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 20 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
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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro