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 Q2 · Calendar Q3 2026
Paramount raises guidance as streaming growth and merger plans advance
The supplied analysis supports a constructive operating trajectory: subscriber growth, improving Studios profitability and raised guidance strengthen the case for continued progress. The main counterweights are transaction timing, financing costs, integration execution and the durability of direct-to-consumer growth.
Reported After market closeNASDAQCommunication Services
$10.78B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.18
Consensus $0.15
EPS surprise
+19.3%
Reported versus consensus
Reported revenue
$6.91B
Consensus $6.87B
Revenue surprise
+0.7%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+4.5%
Event window
SPY move
-0.2%
Same window
Abnormal move
+4.7%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
+25.2%
Up to 20 sessions
PSKYSPY benchmark
Ask FN2 about PSKY FY2026 Q2
Transcript, numbers and history already loaded
Why did PSKY rise 4.5% after beating EPS estimates in FY2026 Q2?What changed in PSKY's guidance and outlook in FY2026 Q2?Give me the bull and bear case for PSKY after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management reported stronger Paramount+ scale, profitable Studios results, further progress toward the Warner Bros. Discovery transaction and higher full-year adjusted EBITDA and free-cash-flow conversion targets.
Guidance delta
Management raised full-year adjusted EBITDA guidance to $3.8-$3.9 billion and increased its free-cash-flow conversion target to 10%.
Key takeaways
- Paramount+ added 2 million subscribers in Q2, reaching 81.6 million globally.
- Studios turned profitable with $36 million of adjusted EBITDA, while planned 2026 film output increased to 15 releases.
- Management said the Warner Bros. Discovery transaction had approvals in 65 jurisdictions and could provide more than $3 billion of synergies.
- The unified Paramount+, Pluto TV and BET+ streaming stack remains scheduled for a summer rollout.
Management priorities
- Complete and integrate the Warner Bros. Discovery transaction.
- Launch the unified streaming stack and improve personalization, advertising technology and monetization.
- Invest in content, sports rights and AI tools for creative development and operating efficiency.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$10.11Current
$8Low
$15.15Average
$37High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 22, 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 |
|---|---|---|---|---|
| UBS | Sell | Sell | Maintain | Aug 5, 2026 |
| TD Cowen | Hold | Hold | Maintain | Aug 5, 2026 |
| Benchmark | Buy | Buy | Maintain | Aug 5, 2026 |
| 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 |
| Bernstein | Underperform | Underperform | Maintain | Nov 12, 2025 |
| Evercore ISI Group | In Line | In Line | Maintain | Nov 11, 2025 |
| JP Morgan | Underweight | Underweight | Maintain | Nov 4, 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 $10.11. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Kannan Venkateshwar | $8 | $11.14 | -20.9% | Sep 17, 2026 |
| UBS | Analyst unavailable | $18 | $8.38 | +78.0% | Aug 5, 2026 |
| Wells Fargo | Analyst unavailable | $10 | $11.19 | -1.1% | Mar 9, 2026 |
| Wolfe Research | Peter Supino | $13 | $13.52 | +28.6% | Dec 15, 2025 |
| Morgan Stanley | Analyst unavailable | $12 | $14.57 | +18.7% | Dec 9, 2025 |
| Guggenheim | Michael Morris | $16 | $16.74 | +58.3% | Nov 12, 2025 |
| Bernstein | Analyst unavailable | $12 | $16.74 | +18.7% | Nov 12, 2025 |
| Wells Fargo | Analyst unavailable | $16 | $16.57 | +58.3% | Oct 23, 2025 |
| UBS | Analyst unavailable | $12 | $18.51 | +18.7% | Oct 8, 2025 |
| UBS | Analyst unavailable | $11 | $15 | +8.8% | Sep 5, 2025 |
| Guggenheim | Analyst unavailable | $13 | $16 | +28.6% | Aug 22, 2025 |
| Fox Advisors | Analyst unavailable | $12 | $11.9 | +18.7% | Apr 2, 2025 |
| Morgan Stanley | Benjamin Swinburne | $11 | $10.92 | +8.8% | Feb 4, 2025 |
| MoffettNathanson | Michael Nathanson | $10 | $11.1 | -1.1% | Nov 11, 2024 |
| Guggenheim | Michael Morris | $14 | $10.55 | +38.5% | Sep 25, 2024 |
| Wells Fargo | Steven Cahall | $11 | $10.21 | +8.8% | Aug 9, 2024 |
| Loop Capital Markets | Alan Gould | $8 | $10.14 | -20.9% | Jul 2, 2024 |
| Goldman Sachs | Michael Ng | $9.5 | $10.29 | -6.0% | Jun 25, 2024 |
| Wells Fargo | Steven Cahall | $9 | $11.04 | -11.0% | Jun 11, 2024 |
| Loop Capital Markets | Alan Gould | $9 | $13.86 | -11.0% | May 3, 2024 |
| Rosenblatt Securities | Barton Crockett | $14 | $11.39 | +38.5% | Apr 30, 2024 |
| Morgan Stanley | Benjamin Swinburne | $10 | $11.39 | -1.1% | Apr 30, 2024 |
| Wells Fargo | Steven Cahall | $14 | $12.25 | +38.5% | Apr 30, 2024 |
| Loop Capital Markets | Alan Gould | $12 | $13.52 | +18.7% | Apr 4, 2024 |
| Rosenblatt Securities | Barton Crockett | $13 | $11.82 | +28.6% | Mar 21, 2024 |
| CFRA | Kenneth Leon | $16 | $13 | +58.3% | Jan 17, 2024 |
| MoffettNathanson | Michael Nathanson | $13 | $14.23 | +28.6% | Jan 9, 2024 |
| Needham | Laura Martin | $15 | $14.98 | +48.4% | Dec 21, 2023 |
| Wells Fargo | Steven Cahall | $18 | $15.57 | +78.0% | Dec 20, 2023 |
| Guggenheim | Michael Morris | $23 | $17.06 | +127.5% | May 5, 2023 |
| Needham | Laura Martin | $28 | $21.58 | +177.0% | Apr 14, 2023 |
| Macquarie | Analyst unavailable | $15 | $17.07 | +48.4% | Jan 4, 2023 |
| Loop Capital Markets | Analyst unavailable | $14 | $16.66 | +38.5% | Dec 23, 2022 |
| Morgan Stanley | Analyst unavailable | $14 | $17.06 | +38.5% | Dec 19, 2022 |
| Bank of America Securities | Jessica Reif Cohen | $18 | $16.21 | +78.0% | Nov 3, 2022 |
| Wells Fargo | Steven Cahall | $13 | $19.02 | +28.6% | Oct 31, 2022 |
| Deutsche Bank | Bryan Kraft | $32 | $24.99 | +216.5% | Aug 24, 2022 |
| Deutsche Bank | Bryan Kraft | $35 | $25.97 | +246.2% | Aug 18, 2022 |
| Morgan Stanley | Analyst unavailable | $20 | $25.31 | +97.8% | Aug 5, 2022 |
| Goldman Sachs | Brett Feldman | $20 | $25.34 | +97.8% | Jul 26, 2022 |
| Morgan Stanley | Benjamin Swinburne | $22 | $24.52 | +117.6% | Jul 18, 2022 |
| Rosenblatt Securities | Analyst unavailable | $19 | $25.56 | +87.9% | Jul 11, 2022 |
| Citigroup | Analyst unavailable | $37 | $25.6 | +266.0% | Jul 7, 2022 |
| Citigroup | Analyst unavailable | $44 | $33.05 | +335.2% | May 23, 2022 |
| Needham | Laura Martin | $36 | $32.32 | +256.1% | May 17, 2022 |
| Morgan Stanley | Analyst unavailable | $32 | $30.28 | +216.5% | May 4, 2022 |
| Rosenblatt Securities | Analyst unavailable | $29 | $36.27 | +186.8% | Apr 19, 2022 |
Track every rating change on PSKY the moment it posts. Free to start.
Start freeCompany 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.…
Historical context
All PSKY earningsLatest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the PSKY recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-05T13:13:26.454438+00:00
- FN2 earnings calendar · 2026-09-09T01:23:14.388487+00:00
- Polygon adjusted daily market bars · 2026-09-22T21:10:54.449300+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T21:10:54.447066+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 · As of 2026-09-22. For educational purposes only; not investment advice.