Analyst Consensus ?
ConsensusHold28 ratings
Bullish828.6%
Neutral932.1%
Bearish1139.3%
1 unmapped firm rating excluded from the percentages.
Paramount Skydance Corporation Class B Common Stock · PSKY · FY2026 Q1 · Calendar Q2 2026
Paramount Skydance Q1: Earnings Beat on Streaming Growth as WBD Merger Nears
Paramount Skydance posted a solid Q1 beat driven by Paramount+ subscriber momentum and breakout UFC engagement, yet the stock sold off roughly 5% on an abnormal basis — a divergence that points to investor skepticism about integration execution rather than the operating results themselves. Management maintained full-year guidance and advanced two major workstreams: the Warner Bros. Discovery acquisition toward a September close and streaming platform convergence by mid-year. The gap between management's confident execution narrative and the market's negative reaction centers on whether the combined entity can manage two integrations in two years while stemming linear revenue decline.
Reported After market closeNASDAQCommunication Services
$8.49B market cap
100quality score
Company context
Snapshot as of publicationParamount Skydance Corporation functions as a worldwide leader in media, streaming, and entertainment. Its extensive operations are strategically divided into three core divisions: Television Media, Direct-to-Consumer platforms, and Filmed Entertainment. The Television Media division encompasses a vast array of broadcasting and cable properties. This includes the prominent domestic CBS Television Network and its local CBS Stations, alongside international free-to-air channels such as Network 10, Channel 5, Telefe, and Chilevisión. It also manages a suite of premium and basic cable channels within the U.S., featuring household names like Nickelodeon, MTV, CMT, Comedy Central, BET, Paramount+ with SHOWTIME, Paramount Network, The Smithsonian Channel, BET Media Group, and CBS Sports Network, many of which have international counterparts. Furthermore, this segment is responsible for domestic and international television production through studios like CBS Studios, Paramount Television Studios, and Showtime/MTV Entertainment Studios.…
Earnings scorecard
Reported versus consensus
Reported EPS
$0.23
Consensus $0
EPS surprise
+53.3%
Reported versus consensus
Reported revenue
$7.35B
Consensus $7.28B
Revenue surprise
+1.0%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$7.96Current
$8Low
$15.2Average
$37High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Underweight | Underweight | Maintain | May 5, 2026 |
| Guggenheim | Neutral | Neutral | Maintain | May 5, 2026 |
| Morgan Stanley | Overweight | Underweight | Upgrade | May 1, 2026 |
| B of A Securities | Underperform | Underperform | Maintain | Mar 10, 2026 |
| TD Cowen | Hold | Hold | Maintain | Feb 26, 2026 |
| Bernstein | Underperform | Underperform | Maintain | Nov 12, 2025 |
| Evercore ISI Group | In Line | In Line | Maintain | Nov 11, 2025 |
| Benchmark | Buy | Buy | Maintain | Nov 11, 2025 |
| JP Morgan | Underweight | Underweight | Maintain | Nov 4, 2025 |
| UBS | Sell | Sell | Maintain | Oct 8, 2025 |
| Barclays | Underweight | Underweight | Maintain | Aug 8, 2025 |
| Goldman Sachs | Sell | Sell | Maintain | Oct 19, 2023 |
| Needham | Buy | Buy | Maintain | Oct 8, 2023 |
| Citigroup | Buy | Buy | Maintain | Aug 14, 2023 |
| Rosenblatt | Sell | Sell | Maintain | Aug 7, 2023 |
| Wolfe Research | Underperform | Peer Perform | Downgrade | Jul 6, 2023 |
| Loop Capital | Hold | Sell | Upgrade | May 25, 2023 |
| Deutsche Bank | Buy | Buy | Maintain | May 23, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 16, 2023 |
| Macquarie | Underperform | Neutral | Downgrade | Jan 30, 2023 |
| RBC Capital | Outperform | Outperform | Maintain | Nov 2, 2022 |
| Barrington Research | Market Perform | Outperform | Downgrade | Jul 28, 2022 |
| Vertical Research | Perform | Positive | Downgrade | Jul 6, 2022 |
| Daiwa Capital | Neutral | Neutral | Maintain | Jul 1, 2022 |
| Keybanc | Underweight | Upgrade | Jan 24, 2022 | |
| BMO Capital | Market Perform | Market Perform | Maintain | May 9, 2021 |
| Gabelli & Co. | Buy | Hold | Upgrade | Mar 29, 2021 |
| MoffettNathanson | Sell | Neutral | Downgrade | Mar 24, 2021 |
| Imperial Capital | Outperform | Outperform | Maintain | Jun 7, 2020 |
Named analyst price targets
Upside is calculated against the persisted current price $7.96. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $10 | $11.19 | +25.6% | Mar 9, 2026 |
| Wolfe Research | Peter Supino | $13 | $13.52 | +63.3% | Dec 15, 2025 |
| Morgan Stanley | Analyst unavailable | $12 | $14.57 | +50.8% | Dec 9, 2025 |
| Guggenheim | Michael Morris | $16 | $16.74 | +101.0% | Nov 12, 2025 |
| Bernstein | Analyst unavailable | $12 | $16.74 | +50.8% | Nov 12, 2025 |
| Wells Fargo | Analyst unavailable | $16 | $16.57 | +101.0% | Oct 23, 2025 |
| UBS | Analyst unavailable | $12 | $18.51 | +50.8% | Oct 8, 2025 |
| UBS | Analyst unavailable | $11 | $15 | +38.2% | Sep 5, 2025 |
| Guggenheim | Analyst unavailable | $13 | $16 | +63.3% | Aug 22, 2025 |
| Fox Advisors | Analyst unavailable | $12 | $11.9 | +50.8% | Apr 2, 2025 |
| Morgan Stanley | Benjamin Swinburne | $11 | $10.92 | +38.2% | Feb 4, 2025 |
| MoffettNathanson | Michael Nathanson | $10 | $11.1 | +25.6% | Nov 11, 2024 |
| Guggenheim | Michael Morris | $14 | $10.55 | +75.9% | Sep 25, 2024 |
| Wells Fargo | Steven Cahall | $11 | $10.21 | +38.2% | Aug 9, 2024 |
| Loop Capital Markets | Alan Gould | $8 | $10.14 | +0.5% | Jul 2, 2024 |
| Goldman Sachs | Michael Ng | $9.5 | $10.29 | +19.3% | Jun 25, 2024 |
| Wells Fargo | Steven Cahall | $9 | $11.04 | +13.1% | Jun 11, 2024 |
| Loop Capital Markets | Alan Gould | $9 | $13.86 | +13.1% | May 3, 2024 |
| Rosenblatt Securities | Barton Crockett | $14 | $11.39 | +75.9% | Apr 30, 2024 |
| Morgan Stanley | Benjamin Swinburne | $10 | $11.39 | +25.6% | Apr 30, 2024 |
| Wells Fargo | Steven Cahall | $14 | $12.25 | +75.9% | Apr 30, 2024 |
| Loop Capital Markets | Alan Gould | $12 | $13.52 | +50.8% | Apr 4, 2024 |
| Rosenblatt Securities | Barton Crockett | $13 | $11.82 | +63.3% | Mar 21, 2024 |
| CFRA | Kenneth Leon | $16 | $13 | +101.0% | Jan 17, 2024 |
| MoffettNathanson | Michael Nathanson | $13 | $14.23 | +63.3% | Jan 9, 2024 |
| Needham | Laura Martin | $15 | $14.98 | +88.4% | Dec 21, 2023 |
| Wells Fargo | Steven Cahall | $18 | $15.57 | +126.1% | Dec 20, 2023 |
| Guggenheim | Michael Morris | $23 | $17.06 | +188.9% | May 5, 2023 |
| Needham | Laura Martin | $28 | $21.58 | +251.8% | Apr 14, 2023 |
| Macquarie | Analyst unavailable | $15 | $17.07 | +88.4% | Jan 4, 2023 |
| Loop Capital Markets | Analyst unavailable | $14 | $16.66 | +75.9% | Dec 23, 2022 |
| Morgan Stanley | Analyst unavailable | $14 | $17.06 | +75.9% | Dec 19, 2022 |
| Bank of America Securities | Jessica Reif Cohen | $18 | $16.21 | +126.1% | Nov 3, 2022 |
| Wells Fargo | Steven Cahall | $13 | $19.02 | +63.3% | Oct 31, 2022 |
| Deutsche Bank | Bryan Kraft | $32 | $24.99 | +302.0% | Aug 24, 2022 |
| Deutsche Bank | Bryan Kraft | $35 | $25.97 | +339.7% | Aug 18, 2022 |
| Morgan Stanley | Analyst unavailable | $20 | $25.31 | +151.3% | Aug 5, 2022 |
| Goldman Sachs | Brett Feldman | $20 | $25.34 | +151.3% | Jul 26, 2022 |
| Morgan Stanley | Benjamin Swinburne | $22 | $24.52 | +176.4% | Jul 18, 2022 |
| Rosenblatt Securities | Analyst unavailable | $19 | $25.56 | +138.7% | Jul 11, 2022 |
| Citigroup | Analyst unavailable | $37 | $25.6 | +364.8% | Jul 7, 2022 |
| Citigroup | Analyst unavailable | $44 | $33.05 | +452.8% | May 23, 2022 |
| Needham | Laura Martin | $36 | $32.32 | +352.3% | May 17, 2022 |
| Morgan Stanley | Analyst unavailable | $32 | $30.28 | +302.0% | May 4, 2022 |
| Rosenblatt Securities | Analyst unavailable | $29 | $36.27 | +264.3% | Apr 19, 2022 |
Track every rating change on PSKY the moment it posts. Free to start.
Start freeMarket reaction
event-close to next-session close
Stock move
-4.2%
Event window
SPY move
+0.8%
Same window
Abnormal move
-5.0%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
-2.0%
Up to 20 sessions
PSKYSPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Q1 FY2026 results topped consensus on both lines: EPS of $0.23 versus $0.15 estimated (53% surprise) and revenue of $7.35 billion versus $7.28 billion expected (~1% beat). Paramount+ added approximately 2 million underlying subscribers, extending 17% YoY growth. UFC content generated over 100 million viewing hours in the quarter, with 2.8 million live viewers for a flagship event that outdrew NBA primetime on ABC. The company completed $10 billion in permanent financing and syndicated the remaining $49 billion bridge loan for the WBD acquisition. Approximately 80% of the engineering organization now uses code-assisted technology, halving approval times. The bullish score rose to 82 from 78 the prior quarter.
Guidance delta
Guidance was maintained. Management reaffirmed its full-year targets, consistent with the prior quarter's reaffirmation of $30 billion in revenue, $3.8 billion in adjusted EBIT, and $3 billion in expected synergies from the Warner Bros. Discovery combination. No upward revision accompanied the Q1 beat, which may contribute to investor caution about the trajectory.
Key takeaways
- EPS of $0.23 beat the $0.15 estimate by 53%; revenue of $7.35 billion edged past the $7.28 billion consensus.
- Paramount+ grew subscribers 17% YoY, adding roughly 2 million underlying subscribers in Q1.
- UFC content delivered over 100 million viewing hours, with 2.8 million live viewers for a flagship event surpassing NBA primetime on ABC.
- Platform convergence of Paramount+, Pluto, and BET+ remains on track for mid-year completion, enabling unified personalization.
- Warner Bros. Discovery acquisition is on track for September close, with U.S. HSR obligations satisfied and international approvals in progress.
Management priorities
- Complete the Warner Bros. Discovery acquisition by September and integrate the combined company to reach over 200 million DTC subscribers.
- Finish streaming platform convergence by mid-year and roll out the summer consumer product update for Pluto.
- Scale UFC programming and explore additional sports partnerships, including a new WNBA deal.
- Deploy AI-driven personalization features and continue hiring AI and engineering talent to compete with tech-led media companies.
- Execute the 30-film annual theatrical slate and expand original series output.
Related earnings events
Communication ServicesSources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-31T20:11:26.800185+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T20:11:26.797423+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.