NASDAQ$PSKY

Paramount Skydance Corp · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Paramount posted modest revenue growth and returned to profitability in Q2 2025.

Paramount reported slight top-line growth, positive net income, and a notable improvement in DTC profitability driven by Paramount+. CBS remained the top broadcast network, and 'Mission: Impossible' delivered a record-breaking box office performance.

  • Total revenue reached $6.85B, up 1% YoY
  • Paramount+ revenue grew 23% with strong subscriber engagement
  • Net income turned positive at $57M vs. a $5.41B loss last year
  • Free cash flow improved to $114M in the quarter

Headline financials

Total Revenue

$6.85B

Previous: $6.81B+0.5%
EPS (adj)

$0.46

Previous: $0.54-14.8%
Adjusted OIBDA

$824M

Previous: $867M-5.0%
Paramount+ Subscribers

77.7M

No prior period
Net Income

$57M

Previous: -$5.41B+101.1%
Operating Income

$399M

Previous: -$5.32B+107.5%

Revenue & EPS history

Paramount · Revenue · Quarterly

$6.85B

Q2 2025+0.5%vs Q2 2024
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

Paramount · $8.07B total across 3 segments · Q4 2024

  • TV Media
    $4.98B-3.7%
  • Direct-to-Consumer
    $2.01B+7.7%
  • Filmed Entertainment
    $1.08B+67.1%

Forward guidance

Paramount expects continued streaming growth and operational efficiency following the Skydance transaction.

Tailwinds

  • Skydance transaction expected to close August 7, 2025
  • Paramount+ continues to lead in SVOD Originals
  • Churn hit record low with improved watch time
  • Mission: Impossible drove strong theatrical revenue
  • DTC profitability sharply improved

Headwinds

  • TV Media revenue continues to decline from linear subscriber losses
  • Filmed Entertainment licensing revenue dropped 19%
  • Paramount+ subscriber count declined sequentially
  • DTC advertising revenue fell 4% due to lower CPMs
  • Overall adjusted OIBDA declined 5% YoY

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 2025

Historical avgQ2 2025

-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

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