Paramount profit rises despite decline

Paramount Skydance has reported a 59% increase in first-quarter earnings, reaching $7.3 billion in revenue and exceeding Wall Street expectations.

The strong performance was driven by significant growth in its streaming division and a successful run for its studio operations.

CEO David Ellison noted that the company is on track to unify its streaming platforms by mid-2026 following its merger with Warner Bros.

Discovery.

Despite the positive earnings, the company has issued a cautious outlook for the second quarter, citing ongoing market volatility and a shifting advertising landscape.