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 19 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
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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