From Deadline · Jill Goldsmith · · 40s
Skydance Reports Q3 Earnings Post-WBD Acquisition
Skydance releases first earnings report after $81 billion Warner Bros. Discovery acquisition.
In brief
Skydance releases first earnings report after $81 billion Warner Bros. Discovery acquisition. Skydance reported $73 billion net income on $7 billion revenue for Paramount Skydance alone in Q3, with 21% growth in Paramount+ subscriptions. Originally reported by Deadline.
Skydance Q3 Earnings Report
Skydance released its first quarterly earnings report today after acquiring Warner Bros. Discovery for $81 billion on Oct. 6.
Paramount+ Revenue Growth
Paramount+ revenue grew 21% this quarter, with average revenue per user up 14%.
Studio and TV Media Performance
Studios revenue grew 23% and TV Media achieved a 34% adjusted EBITDA margin.
The key point
Skydance reported $73 billion net income on $7 billion revenue for Paramount Skydance alone in Q3, with 21% growth in Paramount+ subscriptions.
