{"id":559099,"date":"2026-08-04T21:42:08","date_gmt":"2026-08-04T21:42:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/559099\/"},"modified":"2026-08-04T21:42:08","modified_gmt":"2026-08-04T21:42:08","slug":"paramount-q2-profit-dips-with-streaming-boost-offset-by-tv-declines","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/559099\/","title":{"rendered":"Paramount Q2 Profit Dips, With Streaming Boost Offset by TV Declines"},"content":{"rendered":"

\n\tParamount Skydance<\/a> said second-quarter profit fell, even as the company was boosted by its streaming media and studios operations, while its large TV division shed ad dollars and subscribers. David Ellison<\/a>, the company\u2019s CEO, vowed that its deal to acquire Warner Bros. Discovery<\/a> would close, despite legal setbacks that have slowed the transaction.<\/p>\n

\n\t\u201cWhile there is still significant work to be done, our confidence in the opportunity continues to grow, and
we\u2019re excited for the future of this company powered by storytelling and accelerated by technology,\u201d Ellison said in a letter to shareholders Tuesday.<\/p>\n

\n\tParamount said net earnings fell to $41 million, or four cents per share, in the second quarter, compared with $57 million, or eight cents a share, in the year-earlier period. Revenue rose 1% to $6.91 billion, compared with nearly $6.85 billion a year earlier.<\/p>\n

\n\tIn the company\u2019s TV operations, the largest part of its business, revenue fell 9%, to $3.12 billion, compared with $3.45 billion a year earlier. Ad revenue fell 14%, due in part to difficult comparisons with 2025 that involved more NCAA advertising. Distribution fees fell 6%, due in large part to erosion of linear subscriptions.<\/p>\n

\n\tRevenue from streaming operations rose 9% to $2.5 billion, with revenue from Paramount+ rising 16%. The service added 2 million subscribers in the second quarter, ahead of expectations. The company cited FIFA World Cup telecasts in certain Latin American nations as as UFC broadcasts in the U.S., and said Paramount+ had its \u201clowest churn quarter\u201d since launch. <\/p>\n

\n\tRevenue from the company\u2019s studios rose 16% year-over-year to $1.3 billion, owing in part to films such as \u201cScary Movie\u201d and programming for third parties from its TV production operations. <\/p>\n

\n\tParamount said its upfront sales process had ended, and it had secured \u201cdouble-digit growth in commitments across the company,\u201d without offering further details about volume or pricing.<\/p>\n

\n\tThe company projected revenue in the third quarter would grow between 4% to 7%, increasing to $6.95 billion and $7.15 billion, with more growth from studios and streaming and \u201cmoderating declines\u201d from TV. Subscribers to Paramount+ are seen as \u201cflattish.\u201d<\/p>\n

\n\tDespite a recent legal setback that will delay the closing of its deal for Warner, Ellison said he remained optimistic it would eventually close. \u201cWe remain confident the transaction will be completed, creating a stronger, more competitive media company,\u201d he said, describing the combined entity as a smaller player when compared with \u201ctech giants such as Netflix, Amazon, Apple, and others.\u201d<\/p>\n

\n\tMore to come<\/p>\n","protected":false},"excerpt":{"rendered":"Paramount Skydance said second-quarter profit fell, even as the company was boosted by its streaming media and studios…\n","protected":false},"author":2,"featured_media":559100,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[11948,156,77550,111,139,69,68338,437,3204],"class_list":["post-559099","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tv","tag-david-ellison","tag-entertainment","tag-media-earnings","tag-new-zealand","tag-newzealand","tag-nz","tag-paramount-skydance","tag-tv","tag-warner-bros-discovery"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/559099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=559099"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/559099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/559100"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=559099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=559099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=559099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}