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Paramount Skydance posted a quarterly loss but beat revenue expectations, surged 10.85%, and raised 2024 outlook.
Paramount Skydance (PSKY) reported mixed results in its first quarter post-merger, with strong streaming growth and a 10.85% stock surge amid higher-than-expected fourth-quarter revenue guidance.
The company posted a $0.12 loss per share and $6.70 billion in revenue, below estimates, but raised its Q4 sales forecast to $8.1–8.3 billion.
It added 1.4 million streaming subscribers, bringing total global subscribers to 79.1 million, and projected $30 billion in full-year 2026 revenue.
Despite analyst caution over long-term turnaround challenges, leadership emphasized strategic flexibility, content investment, and integration progress.
Paramount Skydance registró una pérdida trimestral, pero superó las expectativas de ingresos, subió un 10,85%, y elevó las perspectivas para 2024.