Paramount (PARA) Q2 2026 Earnings Raise Profit Outlook to $3.9B

Paramount Skydance reported Q2 2026 revenue of $6.91 billion, slightly surpassing Wall Street's expectation of $6.88 billion. The company raised its full-year adjusted EBITDA target to between $3.8 billion and $3.9 billion, driven by efficiencies from the Skydance combination and projected total revenue growth of 4% to $30 billion. Net earnings dropped to $41 million (4 cents per share) compared to $57 million (8 cents per share) in the prior year. Paramount+ gained 2 million subscribers, bringing the total to 81.6 million, as the company prepares for potential acquisition delays with Warner Bros. Discovery due to legal challenges. This matters for investors as steady growth in streaming could signal resilience in a challenging cable market.